PALMOILMAGAZINE, JAKARTA — PT Sawit Sumbermas Sarana Tbk (SSMS) has finalized a major corporate action that has been in preparation for months. On 24 November 2025, the company completed the acquisition of 98,328 shares of PT Sawit Mandiri Lestari (SML) from its parent entity, PT Citra Borneo Indah (CBI). The transaction, valued at IDR 1.6 trillion, marks one of SSMS’ most significant acquisitions in recent years.
SSMS President Director Jap Hartono confirmed that the deal qualifies as an affiliated transaction, given CBI’s position as the company’s controlling shareholder with a 62.30% stake. “This acquisition aligns with SSMS’ long-term expansion and sustainability strategy, backed by solid fundamentals and a forward-looking business plan,” Jap said, as quoted by Palmoilmagazine.com from Kontan on Wednesday (26/11/2025).
The acquisition was funded through a syndicated loan facility secured under the Syndicated Credit Agreement No. 17 and the Musyarakah Syndicated Line Facility Agreement No. 18, both signed on 18 November 2025. Just prior to the transaction, SSMS obtained a maximum syndicated commitment of IDR 5.2 trillion led by Bank Rakyat Indonesia (BRI).
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The sizeable financing package will be allocated for refinancing, estate development, infrastructure investment, sustainability programs, and working-capital enhancement, in addition to the SML acquisition.
SSMS’ confidence is reinforced by its improving financial performance. As of 30 September 2025, the company posted a net profit of IDR 1 trillion—up shaIDRly from IDR 609.3 billion recorded in the same period of 2024. Earnings per share rose to IDR 105.40, reflecting operational efficiency and stronger performance across business segments.
To support its expansion trajectory, SSMS has also strengthened its organizational structure through board composition adjustments, including the appointment of a Chief Sustainability Officer (CSO). The move signals the company’s commitment to advancing its Environmental, Social & Governance (ESG) agenda across its entire value chain.
Jap emphasized that acquiring SML will significantly reinforce SSMS’ upstream supply chain, particularly in Central Kalimantan, the company’s primary operational base. “This acquisition strengthens SSMS’ supply chain and boosts operational efficiency, fully aligned with our long-term growth vision,” he stated. (P2)
