May 20, 2026
 

Japfa Comfeed posts 167% jump in Q1 net profit as sales surge across integrated operations

Indonesia's integrated poultry and feed major clears its bond debt entirely while lifting shareholders' equity to a new high.

PT Japfa Comfeed Indonesia Tbk (JPFA) reported a net profit attributable to the parent entity of IDR1.816 trillion (US$104 million) in the first quarter of 2026, a 167% increase from IDR680.4 billion (US$39 million) in the same period a year earlier, driven by strong revenue growth across its integrated agribusiness operations.

Net sales rose 23.6% year on year to IDR17.71 trillion (US$1.01 billion) from IDR14.33 trillion (US$818 million) in Q1 2025. Gross profit climbed to IDR4.52 trillion (US$258 million) from IDR2.69 trillion (US$154 million), while operating profit more than doubled to IDR2.60 trillion (US$148 million) from IDR1.14 trillion (US$65 million).

Cost of goods sold rose in line with revenue growth, reaching IDR13.19 trillion (US$753 million) from IDR11.64 trillion (US$664 million) in the prior-year period. Profit before income tax reached IDR2.48 trillion (US$142 million), up from IDR976.6 billion (US$56 million) in Q1 2025. Basic earnings per share increased to IDR156 from IDR59 over the same period.

On the balance sheet, Japfa reduced total liabilities to IDR17.31 trillion (US$988 million) from IDR20.04 trillion (US$1.14 billion) at end-2025, primarily through the full repayment of outstanding bond debt, which stood at IDR5.83 trillion (US$333 million) at the close of last year. Long-term bank debt rose to IDR4.56 trillion (US$260 million) from IDR2.03 trillion (US$116 million), reflecting a shift in the company's debt structure towards bank financing.

Shareholders' equity improved to IDR22.02 trillion (US$1.26 billion) from IDR20.02 trillion (US$1.14 billion) at end-December 2025, supported by higher retained earnings. Net cash from operating activities reached IDR2.22 trillion (US$127 million), more than double the IDR894.9 billion (US$51 million) recorded in Q1 2025.

Japfa operates across animal feed, chicken breeding, poultry farming, livestock processing and animal vaccines in Indonesia. Total assets as of 31 March 2026 stood at IDR39.33 trillion (US$2.25 billion).

— IDX / Japfa Comfeed