FINANCIAL HIGHLIGHTS In Rp billion In SGD million* 2022 Actual 2023 Actual 2024 Actual 2022 Actual 2023 Actual 2024 Actual Revenue 17,797 16,003 15,968 1,500 1,349 1,346 Gross profit 4,559 3,282 4,765 384 277 402 (Loss)/gain arising from changes in fair value of biological assets (136) 13 318 (11) 1 27 Profit from operations 2,702 1,948 3,239 228 164 273 Net profit after tax 1,318 936 2,110 111 79 178 Profit attributable to owners of the Company 770 614 1,119 65 52 94 EPS (in Rp)/(in SGD‘cents) 552 440 801 4.7 3.7 6.7 Current assets 10,552 9,944 13,410 888 837 1,129 Fixed assets 18,136 17,582 16,404 1,527 1,480 1,381 Other non-current assets 9,578 9,592 9,316 806 808 784 Total assets 38,266 37,118 39,130 3,222 3,125 3,294 Current liabilities 9,883 9,582 8,933 832 807 752 Non-current liabilities 5,231 3,620 4,334 440 305 365 Total liabilities 15,114 13,202 13,267 1,272 1,111 1,117 Shareholders' equity 12,900 13,545 14,298 1,086 1,140 1,204 Total equity 23,152 23,916 25,863 1,949 2,013 2,177 Total debt 9,144 7,796 7,771 770 656 654 Cash 4,422 5,226 5,946 372 440 501 2022 Actual 2023 Actual 2024 Actual Sales decline (9.5%) (10.1%) (0.2%) Gross profit margin 25.6% 20.5% 29.8% Profit from operations margin 15.2% 12.2% 20.3% Net profit after tax margin 7.4% 5.8% 13.2% Profit attributable to owners of the Company margin 4.3% 3.8% 7.0% Return on assets1 7.1% 5.2% 8.3% Return on equity2 6.0% 4.5% 7.8% Current ratio (times) 1.1 1.0 1.5 Net debt to equity ratio (times)3 0.20 0.11 0.07 Total debt to total assets ratio (times) 0.24 0.21 0.20 1 Profit from operations divided by total assets 2 Profit attributable to owners of the Company divided by shareholders’ equity 3 Net debt divided by total equity * For ease of reference, 2022 to 2024 Income Statement and Balance Sheet items are converted at exchange rates of Rp11,867/SGD1 and Rp11,878/SGD1, respectively. GROUP PERFORMANCE REVIEW Group Overview Financials Other information Sustainability and Governance Operation and Financial Review 14 Indofood Agri Resources Ltd.
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