PALMOILMAGAZINE, JAKARTA — PT Dharma Satya Nusantara Tbk (DSNG) reported a net profit of Rp367 billion in the first quarter of 2025, marking a strong 60% year-on-year (YoY) increase. This growth was driven by a 20% YoY rise in net income to Rp448 billion, bringing total revenue to Rp2.7 trillion. The palm oil segment remained the company’s core business, contributing 88% to overall revenue.
The company’s improved financial performance was supported by higher average selling prices (ASP) across its palm products. ASP for Crude Palm Oil (CPO) rose by 27% to Rp14,909/kg, Palm Kernel Oil (PKO) soared 108% to Rp27,349/kg, and Palm Kernel (PK) increased by 101% to Rp10,814/kg. These price hikes helped boost DSNG’s EBITDA to Rp861 billion.
Andrianto Oetomo, President Director of DSNG, noted that dry weather conditions during the first quarter of 2024 impacted Fresh Fruit Bunch (FFB) yields across the company’s key plantations.
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“The drop in FFB supply affected the availability of CPO, PKO, and PK, which in turn pushed up selling prices due to the dynamics of supply and demand. Efficient production cost management also positively impacted profitability,” he stated in an official release received by Palmoilmagazine.com on Tuesday (April 29, 2025).
Operationally, the company’s CPO production declined 8% YoY, aligned with an 8.7% drop in FFB supply. Similarly, PK and PKO production fell 8.1% and 17.2% YoY, respectively—mainly due to reduced rainfall and the ongoing replanting of over 3,000 hectares of aging palm trees.
Beyond palm oil, DSNG’s wood products division also showed encouraging performance. Revenue from panel products grew 6.3% YoY, while engineered flooring sales increased 13.5% YoY, supported by strategic efforts to navigate global economic uncertainty and penetrate non-traditional markets.
In the renewable energy segment, DSNG successfully carried out its first export of 10,500 tons of wood pellets to Japan, reinforcing its circular economy initiative through biomass utilization. However, palm kernel shell exports experienced a notable decline in Q1 2025.
As of the first quarter, DSNG’s total assets rose 1.3% YoY to Rp17.6 trillion, while liabilities fell around 2% YoY, indicating a sound financial position. This was further affirmed by a credit rating upgrade to idA+ by Pefindo.
DSNG’s performance has also earned industry recognition, including the Best Stock Awards from Investortrust and the Fortune Indonesia Change the World award for its climate action contributions. The company is also listed in several key indices on the Indonesia Stock Exchange (IDX). (P2)
