Jakarta. State- owned plantation firm PTPN IV PalmCo, locally called Perkebunan Nusantara, the palm oil subholding of PTPN III, posted a net profit of Rp 7.08 trillion ($393.59 million) in the 2025 financial year, according to its audited financial statements.

The figure marks a 90.3% increase from Rp 3.72 trillion recorded in 2024. The financial performance was presented to shareholders during the company's Annual General Meeting of Shareholders (AGMS) for the 2025 financial year.

The company said the earnings growth was driven by higher crude palm oil (CPO) production, improved operational efficiency, and stronger business fundamentals that enabled it to create added value despite global economic challenges, energy market volatility, and climate anomalies throughout 2025.

"Net profit after tax in 2025 reached Rp 7.08 trillion, or 90.3% higher than last year's Rp 3.72 trillion," President Director Jatmiko said during his presentation at the Office of the State Owned Enterprises Regulatory Agency Office in Jakarta on Tuesday.

"Cost control and production growth have become the company's backbone. These strong fundamentals enabled a 10% increase in CPO prices in 2025 to translate into a 90% surge in profit despite various challenges," he said.

Since its establishment three years ago, PalmCo has continued to record strong profit growth. Net profit rose from Rp 2.53 trillion in 2023 to Rp 3.72 trillion in 2024 before surging to Rp 7.08 trillion in 2025. The company described the result as its highest level of profitability since the transformation began.

Other financial indicators also improved. Earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed 46% year-on-year to Rp 13.27 trillion from Rp 9.09 trillion in 2024, while return on assets (ROA) reached 9.2%.