JAKARTA – PT Indofood CBP Sukses Makmur Tbk (ICBP) reported a 3% year-on-year decline in net profit to IDR 2.57 trillion in the first quarter of 2026.

Based on the company’s latest financial statement released on Thursday (30/4), ICBP was able to record consolidated net sales growth of around 8% to IDR 21.72 trillion.

The majority of sales still came from transactions with related parties, which reached IDR 12.75 trillion as of March 2026.

This figure includes sales to PT Indomarco Adi Prima, the operator of the Indomaret retail network, accounting for 51.91% of the company’s total revenue.

Meanwhile, sales to third parties stood at IDR 8.96 trillion, up from IDR 8.23 trillion.

In terms of product segments, ICBP recorded broad-based growth across instant noodles, dairy products, as well as nutrition and special foods, except for the beverage segment, which declined by 3%.

However, despite the 8% increase in sales, rising selling and distribution expenses as well as general and administrative costs weighed on profitability.

Lower foreign exchange gains from operating activities also pressured operating profit, which fell 10% in the first quarter of 2026, although the operating profit margin remained stable at 21.3%.

“We started 2026 with solid performance. ICBP continues to deliver growing sales while maintaining healthy profitability margins,” said ICBP President Director and CEO Anthoni Salim.

However, he added that the company would remain vigilant and adapt swiftly to sustain growth and competitiveness amid potential macroeconomic volatility and various external risks.

As of the end of March 2026, ICBP recorded total assets of IDR 140.15 trillion, supported by current assets of IDR 54.92 trillion and non-current assets of IDR 85.24 trillion.

Total liabilities stood at IDR 63.13 trillion, comprising short-term liabilities of IDR 13.00 trillion and long-term liabilities of IDR 50.13 trillion.

By the end of the first trading session on Monday (4/5), ICBP shares were unchanged at IDR 6,775 per share. However, over the past month, the stock has fallen 8.75%, and is down 16.10% since the start of 2026. (DK/ZH)