PT Nusa Palapa Gemilang Tbk (NPGF) Reports Financial Performance for the Third Quarter of 2024
Surabaya, October 30, 2024 – PT Nusa Palapa Gemilang Tbk (“NPGF”), a publicly listed company specializing in agricultural chemicals and fertilizers, announced its financial performance report for the third quarter of 2024 on October 29, 2024. This report reflects the Company’s efforts to maintain business stability amid market challenges while reinforcing its commitment to sustainable growth.
Key Financial Achievements
In the third quarter of 2024, NPGF recorded several significant financial achievements, including:
• Revenue Growth: As of the end of September 2024, the Company recorded revenue of IDR 100.77 billion, marking a substantial increase of IDR 81.17 billion compared to the revenue of IDR 19.60 billion at the end of September 2023. This achievement was primarily driven by increased demand for the Company’s flagship products, such as NPK granular fertilizers, NPK briquettes, and micronutrient fertilizers.
• Operating Profit: The Company’s operating profit as of the end of September 2024 reached IDR 8.36 billion, reflecting a significant growth of 145.28% or IDR 26.82 billion compared to the same period last year, when the Company recorded an operating loss of IDR 18.46 billion.
• EBITDA: The Company recorded an EBITDA of IDR 10.40 billion, marking a growth of 94.32% compared to EBITDA in the second quarter of 2024. This achievement reflects a solid financial position supporting the Company’s long-term growth initiatives.
• Net Profit: The Company successfully recorded a net profit of IDR 3.37 billion, representing a significant increase of 2.17 times compared to the net profit in the second quarter of 2024, which was IDR 1.06 billion.
Growth Supporting Factors
The Company has successfully strengthened its market position through various strategies, including:
• Market Diversification: NPGF has expanded its market reach, targeting not only the corporate segment but also the retail segment, aiming to reach a broader customer base and increase product accessibility. The Company is now actively entering the retail market, offering products tailored to the needs of individual farmers and end consumers, thereby enhancing its position within the agriculture industry as a whole.
• Operational Efficiency: The implementation of new technology and supply chain optimization has become a key factor in reducing production costs, contributing to increased operating profit.
• Commitment to Sustainability: NPGF is also committed to adopting sustainable practices.
Projection and Strategic Plan
The Company's fiscal target for 2024 is to increase revenue by 187% compared to the previous year. As we approach the final quarter of 2024, NPGF remains optimistic about further enhancing performance by focusing on market expansion and strengthening relationships with key customers. The Company plans to increase production capacity at several main facilities and expand its distribution network across Indonesia.
About PT Nusa Palapa Gemilang Tbk
The Company has been operating since 2001, specializing in the production, marketing, and trading of compound fertilizers with primary macro-nutrient content. In 2023, PT Nusa Palapa Gemilang Tbk began producing NPK fertilizers using the dry granulation system. NPGF was listed as a public company on the Indonesia Stock Exchange on April 14, 2021. With years of experience and a dedication to innovation, the Company remains committed to delivering the best products and services to its customers.
For further information, please contact:
Corporate Secretary
T +6231 8485665 | F +6231 8495095
corporatesecretary@ptnpg.com
www.ptnpg.com
This press release was prepared by PT Nusa Palapa Gemilang Tbk. ("NPGF") and is intended purely for general informational purposes. It does not imply a recommendation for NPGF shares. NPGF assumes no responsibility for any repercussions resulting from reliance on all or any part of the contents of this press release. Neither NPGF, its affiliates, nor their respective employees and agents assume responsibility for any errors, omissions, or inaccuracies that may occur.
Key Financial Achievements
In the third quarter of 2024, NPGF recorded several significant financial achievements, including:
• Revenue Growth: As of the end of September 2024, the Company recorded revenue of IDR 100.77 billion, marking a substantial increase of IDR 81.17 billion compared to the revenue of IDR 19.60 billion at the end of September 2023. This achievement was primarily driven by increased demand for the Company’s flagship products, such as NPK granular fertilizers, NPK briquettes, and micronutrient fertilizers.
• Operating Profit: The Company’s operating profit as of the end of September 2024 reached IDR 8.36 billion, reflecting a significant growth of 145.28% or IDR 26.82 billion compared to the same period last year, when the Company recorded an operating loss of IDR 18.46 billion.
• EBITDA: The Company recorded an EBITDA of IDR 10.40 billion, marking a growth of 94.32% compared to EBITDA in the second quarter of 2024. This achievement reflects a solid financial position supporting the Company’s long-term growth initiatives.
• Net Profit: The Company successfully recorded a net profit of IDR 3.37 billion, representing a significant increase of 2.17 times compared to the net profit in the second quarter of 2024, which was IDR 1.06 billion.
Growth Supporting Factors
The Company has successfully strengthened its market position through various strategies, including:
• Market Diversification: NPGF has expanded its market reach, targeting not only the corporate segment but also the retail segment, aiming to reach a broader customer base and increase product accessibility. The Company is now actively entering the retail market, offering products tailored to the needs of individual farmers and end consumers, thereby enhancing its position within the agriculture industry as a whole.
• Operational Efficiency: The implementation of new technology and supply chain optimization has become a key factor in reducing production costs, contributing to increased operating profit.
• Commitment to Sustainability: NPGF is also committed to adopting sustainable practices.
Projection and Strategic Plan
The Company's fiscal target for 2024 is to increase revenue by 187% compared to the previous year. As we approach the final quarter of 2024, NPGF remains optimistic about further enhancing performance by focusing on market expansion and strengthening relationships with key customers. The Company plans to increase production capacity at several main facilities and expand its distribution network across Indonesia.
About PT Nusa Palapa Gemilang Tbk
The Company has been operating since 2001, specializing in the production, marketing, and trading of compound fertilizers with primary macro-nutrient content. In 2023, PT Nusa Palapa Gemilang Tbk began producing NPK fertilizers using the dry granulation system. NPGF was listed as a public company on the Indonesia Stock Exchange on April 14, 2021. With years of experience and a dedication to innovation, the Company remains committed to delivering the best products and services to its customers.
For further information, please contact:
Corporate Secretary
T +6231 8485665 | F +6231 8495095
corporatesecretary@ptnpg.com
www.ptnpg.com
This press release was prepared by PT Nusa Palapa Gemilang Tbk. ("NPGF") and is intended purely for general informational purposes. It does not imply a recommendation for NPGF shares. NPGF assumes no responsibility for any repercussions resulting from reliance on all or any part of the contents of this press release. Neither NPGF, its affiliates, nor their respective employees and agents assume responsibility for any errors, omissions, or inaccuracies that may occur.
