Annual Reports
PT Japfa Comfeed Indonesia Tbk's annual reports contain management's most considered account of the business. These are the sections, passages and visual pages worth opening in the originals preserved in Sources.
PT Japfa Comfeed Indonesia Tbk — FY2025 Annual Report — FY2025 (year ended 31 December 2025)
Management's fullest account of a record year: net sales Rp60.7tn and profit Rp4.3tn (+33%), across six integrated protein segments. · Open the full document →
The Company In Brief (Company Profile) — p. 37 · Read the full section →
From copra pellets in 1971 to Indonesia's #2 feed producer — vertically integrated through the 2020 So Good Food acquisition.
Keunggulan Kompetitif / Competitive Strengths — p. 46 · Read the full section →
Management's own framing of the moat: scale, vertical integration and biosecurity across the feed-to-consumer chain.
Second-largest feed and poultry share, vertically integrated from feed mills to online retail.
The Company’s competitive strengths include among others: […] Having an integrated business line, the Company is among the biggest agribusiness players in Indonesia in the segments of feed production, poultry breeding and commercial farming, aquaculture. Currently, the Company has the second biggest market share in Indonesia in the feed and poultry segments. The Company also has one of the largest market share in the aqua feed segment in Indonesia. […] The Company has developed vertically integrated operations that cover animal feed, breeding and hatcheries, commercial farming, poultry processing and consumer products. The Company’s vertical integration also covers supporting infrastructure, after-sales services, laboratory testing of feed, agriculture environment changes, vaccine research and other distribution facilities, such as poultry feed packaging production and transportation for DOC delivery, and ofline and online retail stores.
p. 46 · Read in context →
Laporan Direksi / Board of Directors Report — p. 26 · Read the full section →
The Directors explain how a challenging, low-purchasing-power year still produced record sales and a 33% profit jump.
FY2025 results: net sales +8.8% to Rp60.7tn, profit +33.3% to Rp4.3tn, equity +20.8%.
In 2025, the Company recorded net sales of Rp60.7 trillion, an increase of 8.8% from Rp55.8 trillion in the previous year. This growth was driven by nearly all business segments, led by the poultry processing and consumer products segment, followed by commercial farm and animal feed. The Company posted a profit for the year of Rp4.3 trillion, up 33.3% from Rp3.2 trillion last year.
From a fundamental standpoint, the Company reported asset growth of 15.6% to Rp40.1 trillion and an increase in equity of 20.8% to Rp20.0 trillion, while total liabilities rose 10.8% to Rp20.1 trillion.
p. 30 · Read in context →
Tinjauan Per Segmen Usaha / Business Segment Review — p. 93 · Read the full section →
How the revenue is actually earned — six segments, with feed and commercial farming supplying the bulk.
Feed 39% and Commercial Farm 31% of revenue; processing/consumer and aquaculture rising.
The Animal Feed segment remained the primary contributor to the Company’s total revenue, accounting for 39.0% followed by the Commercial Farm segment with 31.0%. Meanwhile, the Poultry Processing and Consumer Products segment as well as the Aquaculture segment continued to deliver strong performance, increasing their contributions to 11.0% and 6.0% of the Company’s total revenue.
p. 93 · Read in context →
Tinjauan Keuangan / Financial Review — p. 104 · Read the full section →
The audited P&L behind the headline: gross profit +17.6% and the biological-asset fair-value line that marks a livestock business.
Manajemen Risiko / Risk Management — p. 172 · Read the full section →
Risks that can genuinely bite a feed-and-livestock producer: disease outbreaks, corn/SBM price swings, and USD inputs sold in Rupiah.
Aset Biologis / Biological Assets (Note 8) — p. 309 · Read the full section →
The accounting policy that defines a livestock model — breeding poultry and cattle carried at fair value less costs to sell.
More annual reports
PT Japfa Comfeed Indonesia Tbk — FY2024 Annual Report — FY2024 · 389 pages · Prior year (net sales Rp55.8tn, profit Rp3.2tn) — the base the FY2025 record was measured against. · Open →
PT Japfa Comfeed Indonesia Tbk — FY2023 Annual Report — FY2023 · 415 pages · A weaker-margin year, useful for seeing the poultry-cycle trough before the FY2024–25 recovery. · Open →
PT Japfa Comfeed Indonesia Tbk — FY2022 Annual Report — FY2022 · 400 pages · Post-pandemic normalisation year for the integrated protein segments. · Open →
PT Japfa Comfeed Indonesia Tbk — FY2021 Annual Report — FY2021 · 388 pages · First full year after the So Good Food consolidation reshaped the consumer-products segment. · Open →