PALMOILMAGAZINE, JAKARTA — PT Cisadane Sawit Raya Tbk. (CSRA) closed the third quarter of 2025 with solid results, aligned with its financial targets. The company’s management reported that several strategic measures have strengthened its financial position through disciplined cost management and a solid foundation for future growth.
According to the financial report, CSRA’s total assets reached IDR 2.53 trillion as of September 30, 2025, up 12.4% from IDR 2.25 trillion at the end of 2024. The strongest growth came from productive and liquid current assets, which surged 36.8% during the first nine months of 2025.
Non-current assets also rose 6.1%, from IDR 1.79 trillion to IDR 1.89 trillion, driven by an increase in fixed assets, plantations, and equipment after depreciation.
On the liability side, total liabilities increased by 8.2% to IDR 1.03 trillion compared to the end of 2024. Long-term bank loans fell 6.3%, while short-term liabilities grew 48.8% due to debt repayments.
This strong performance boosted the company’s equity by 15.5% to IDR 1.50 trillion, supported by retained earnings from rising revenue during the period.
“These results reflect our consistent strategy to strengthen business fundamentals and operational efficiency,” said Seman Sendjaja, CSRA’s Director of Finance and Strategic Development, in an official statement published by Palmoilmagazine.com on Wednesday (November 5, 2025).
“The increase in revenue and net profit demonstrates our ability to maintain profitability while upholding sustainability principles across all business operations.”
Healthy Financial Ratios and Stronger Liquidity
CSRA maintained cost efficiency in line with revenue growth. Gross margin stood at 35.9% for the first nine months of 2025, compared to 45.6% a year earlier, mainly due to higher fresh fruit bunch (FFB) purchase costs.
Operating margin declined to 22.7% from 27.7%, yet still reflected stable cost control amid increased sales volumes.
Net margin remained steady at 16.0%, slightly down from 16.5% last year. Meanwhile, the debt-to-EBITDA ratio improved to 2.42x, from 3.35x at the end of 2024. Net debt-to-EBITDA dropped significantly to 1.83x, signaling improved capital structure.
The current ratio rose to 1.69x, indicating a stronger liquidity position compared to last year. Interest-bearing debt-to-equity also improved to 0.54x from 0.59x, reflecting higher equity and disciplined debt management.
Outlook for 2026: Expansion, Digitalization, and ESG Commitment
Looking ahead to 2026, CSRA remains optimistic about maintaining its growth momentum, supported by stable global demand for crude palm oil (CPO) and a positive price outlook.
The company has prepared several key initiatives, including the commissioning of its third palm oil mill in Banyuasin, South Sumatra, with a processing capacity of 30 tons per hour, which entered the commissioning phase in August 2025.
Other priorities include the digitalization of agribusiness operations, implementation of mechanized harvesting and logistics, and strengthened corporate governance and ESG practices, with a firm commitment to NDPE principles (No Deforestation, No Peatland Development, No Exploitation).
“We are committed to pursuing strategic investments, particularly in technology and human capital development,” Seman added.
Also Read: RSPO Explores Carbon Payment Scheme to Boost Smallholder Palm Oil Income
“These initiatives not only enhance operational efficiency but also build a dynamic, adaptive, and competitive corporate culture amid global market shifts.”
With a robust financial foundation and clear strategic direction, CSRA is confident in closing 2025 with strong results while reinforcing its position as a resilient, efficient, and sustainability-driven public palm oil company. (P2)
