BWPT's Net Profit For 2024 Increased By 46.99 Percent

PT Eagle High Plantations Tbk (BWPT) reported a net profit of Rp 260.21 billion for 2024, marking a 46.99% increase from Rp 177.02 billion the previous year. The company's revenue reached Rp 4.3 trillion, up 2.38% from last year. BWPT's CEO, Henderi Djunaidi, noted that despite challenges in the palm oil industry due to climate change and the El Niño phenomenon affecting production in Indonesia, the company achieved positive performance with stable double-digit growth.

He attributed this success to the implementation of effective strategic and operational measures that enhanced the company's operational efficiency. Henderi emphasized that BWPT's consistent performance is also reflected in its prudent financial management, as the company has been reducing bank loans, resulting in a 15% year-over-year decrease in interest expenses for 2024.

"We are optimistic about the company's future prospects. Next year, we will continue to focus on growth, adding new factories and a Kernel Crushing Plant, which we aim to have operational within 12 to 18 months," Henderi stated in a written statement on Monday (March 3, 2025). Throughout 2024, BWPT concentrated on improving productivity and operational quality, leading to an 8% year-over-year increase in fresh fruit bunch (FFB) yield. Additionally, the company maximized factory productivity, achieving an Oil Extraction Rate (OER) of 23.6% and a Kernel Extraction Rate (KER) of 4.4%. BWPT is also committed to accelerating expansion through a larger capital expenditure (CAPEX) allocation for implementing mechanization and digitalization, responding to the positive results seen in productivity improvements, strengthened management control, and operational efficiency.

In recent years, the adoption of mechanization and digitalization has significantly impacted company operations, leading to greater efficiency and faster, more accurate decision-making. Recognizing this success, BWPT is increasing its investments in technology to support more sustainable and competitive growth. "We believe that by accelerating the adoption of mechanization and digitalization, the company can enhance its competitiveness and provide greater value to stakeholders. This investment aligns with our vision to create more efficient, technology-driven operations to tackle future industry challenges," said Henderi.

Tag: BWPT Eagle High Plantations Oil Extraction Rate