InfoSAWIT, JAKARTA – PT Sawit Sumbermas Sarana Tbk (SSMS) has announced an ambitious plan to increase its net profit by 80% by 2025 through strategies focused on production enhancement, infrastructure strengthening, and the implementation of sustainability principles.
SSMS President Director, Jap Hartono, stated that the company will allocate a capital expenditure budget of IDR 700 billion in 2025. This funding will be used for plantation maintenance, heavy equipment purchases, machinery maintenance, and the development of infrastructure and supporting facilities in plantation areas.
“This investment aims to support worker productivity, improve cost efficiency, and maintain the quality and quantity of production. With projected increases in crude palm oil (CPO) prices in 2025, we are optimistic about achieving our target of an 80% increase in net profit compared to 2024,” Hartono said in a written statement quoted by InfoSAWIT on Sunday (December 29, 2024).
As a key player in the palm oil industry, SSMS is committed to implementing a no deforestation, no peat, no exploitation (NDPE) policy while protecting high conservation value and high carbon stock areas. This commitment is realized through compliance with national and local regulations, ensuring a balance between business interests and environmental preservation.
“Enhancing infrastructure is not only for short-term efficiency but also to support better environmental, social, and governance (ESG) practices,” Hartono added.
SSMS recorded solid performance growth in 2024. With a capital expenditure of IDR 1.2 trillion, the company successfully increased its fresh fruit bunch (FFB) production by 10% and CPO production by 15% compared to 2023.
In the third quarter of 2024, SSMS's net profit reached IDR 609.26 billion, up 19% from the same period last year. Hartono emphasized that these results demonstrate the effectiveness of investment strategies in infrastructure development and production quality improvement.
With a budget of IDR 700 billion in 2025, SSMS hopes to continue boosting productivity while supporting long-term growth. “We believe that investments in infrastructure and sustainability will not only enhance profitability but also strengthen our contribution to a more environmentally friendly palm oil industry,” Hartono concluded.
This plan reflects SSMS's commitment to creating balanced growth between sustainability and profitability while reinforcing its position in the national palm oil industry. (T2)