PALMOILMAGAZINE, JAKARTA — PT Teladan Prima Agro Tbk (TLDN) reported a strong financial performance in 2024, with net profit soaring to Rp825.6 billion—an 82.7% increase from Rp452.1 billion in 2023. The sharp rise reflects improved revenues and effective cost control strategies under the leadership of Finance, Accounting, and Tax Director Mahirudin.
“This growth highlights the success of our operational efficiency measures,” Mahirudin stated during a press conference following the company’s Annual General Meeting of Shareholders, attended by Palmoilmagazine.com in Jakarta.
Pre-tax income also rose significantly by 70.4% to Rp1.06 trillion, up from Rp621.1 billion the previous year. Meanwhile, EBITDA reached Rp1.309 trillion, a 4.3% increase year-on-year.
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On the balance sheet, total assets grew 4.4% to Rp5.7 trillion. Total liabilities dropped by 15% to Rp2.5 trillion, primarily due to a reduction in long-term bank loans—part of the company’s strategy to enhance financial flexibility.
Equity climbed to Rp3.1 trillion by year-end 2024, reflecting a 27.9% rise driven by the surge in net profit. However, cash and cash equivalents declined to Rp486.6 billion from Rp583.3 billion in 2023, mainly due to investments in fixed assets such as infrastructure, machinery, and production equipment.
Most of the funding was allocated to loan repayments and dividend distribution to shareholders.
With these results, PT Teladan Prima Agro reaffirms its commitment to sustainable and healthy growth amid the dynamic palm oil industry. The company remains optimistic about the future, focusing on operational efficiency, financial resilience, and responsible business expansion. (P2)
