Medan, SAWIT INDONESIA – PT Sumber Tani Agung Resources Tbk (STAA) has announced its financial results for the first quarter of 2026, reporting a significant jump in revenue despite facing operational challenges in production and global pricing dynamics.
The company’s revenue soared by 49.2% year-on-year (YoY), reaching IDR 2.486 billion compared to IDR 1.666 billion in the same period last year. This robust growth was primarily fueled by the full-scale contribution of the company’s new refinery plant, which was commissioned in July 2025.
While revenue saw a sharp increase, other key financial metrics showed a slight contraction:
- Gross Profit: Rose 28.5% to IDR 737 billion, though gross margins compressed to 29.7% from 34.4% in 1Q25 due to shifts in product mix.
- Net Profit: Declined slightly by 4.3% YoY to IDR 340 billion.
- EBITDA: Remained stable at IDR 544 billion, a marginal 0.2% increase from the previous year.
The company reported a decline in agricultural output, with total Fresh Fruit Bunch (FFB) production falling 7.7% YoY to 221,421 tons. Management attributed this decrease to extreme weather conditions and seasonal patterns that affected yields across both nucleus and plasma plantations.
In terms of sales, STAA shifted its strategy to support its downstream expansion. A higher proportion of Crude Palm Oil (CPO) was utilized internally as feedstock for the refinery, leading to a 57.9% drop in third-party CPO sales volume. However, the company successfully integrated refined products, recording sales of 86,270 tons in this new category.
