InfoSAWIT, JAKARTA – PT Teladan Prima Agro Tbk (TLDN) recorded impressive financial performance throughout 2024, with net profit reaching Rp 825.59 billion. This figure represents a significant growth of 82.7% compared to the previous year, which was Rp 451.79 billion. This achievement even exceeded the company's target by 10% year on year (yoy), driven by an increase in the average selling price of Crude Palm Oil (CPO) and Palm Kernel (PK) as well as production cost efficiency.

The average selling price of CPO in 2024 was recorded at Rp 12,230/kg, an increase of 11.6% compared to the previous year's price of Rp 10,959/kg. Meanwhile, the average selling price of PK surged by 56.3% to Rp 6,782/kg from Rp 4,341/kg the previous year. Although the sales volume of CPO and PK decreased by 8.5% and 27.3% year on year, respectively, the significant increase in selling prices still propelled the company's profit growth.

Overall, TLDN reported revenues of Rp 4.21 trillion in 2024, up 5.1% from the previous year. Revenue from CPO sales reached Rp 3.85 trillion, growing 2.1% yoy, while PK sales contributed Rp 271.77 billion, an increase of 13.5% yoy.

On the efficiency side, TLDN successfully reduced production costs to Rp 2.76 trillion, down 6.2% from the previous year's Rp 2.94 trillion. This efficiency was achieved without compromising plantation productivity. The production of fresh fruit bunches (FFB) throughout 2024 reached 1.22 million tons, growing 0.5% despite facing weather anomalies.

“This increase in FFB production is the result of consistent plantation practices, such as fertilization application, infrastructure maintenance, harvest optimization, and the utilization of technology in operational activities,” said TLDN's President Director, Wishnu Wardhana, in a written statement quoted by InfoSAWIT on Sunday (March 23, 2025).

As part of its downstream strategy, TLDN has also begun to record revenue from PK derivative products, namely Crude Palm Kernel Oil (CPKO) and Palm Kernel Expeller (PKE), through its Kernel Crushing Plant (KCP) operations. Last year, the company earned Rp 89.89 billion from CPKO sales and Rp 3.66 billion from PKE sales.

“We continue to strive to maintain the growth of the company's financial and operational performance through various measured and directed efforts, as a form of our commitment as a public company,” concluded Wishnu Wardhana. (T2)