New production line at Tanjung Priok refinery EDIBLE OILS AND FATS REVIEW Operation in Indonesia The Edible Oils and Fats Division produces palm oil products, margarine and palm-based derivatives (RBD palm stearin and palm fatty acid distillate) for consumer and industrial markets. The Division operates five refineries with a total annual CPO processing capacity of 1.9 million tonnes. The consumer cooking oils are retailed under the Bimoli, Bimoli Spesial and Happy brands, while margarines are sold under Amanda, Palmia and Royal Palmia. The industrial cooking oils are supplied directly to Indofood and other food manufacturers, while margarine and shortening products are marketed to confectioneries, bakeries and food manufacturers under the Amanda, Delima, Malinda, Palmia and Simas brands. Sales and distribution activities are supported by Indofood’s Distribution Group, which has an extensive network across Indonesia. Around 93% of our edible oils and fats products are sold domestically, with the rest exported to countries across Asia, Africa, America and the Middle East. 2025 REVIEW The Edible Oils and Fats Division remained profitable by boosting sales volumes of cooking oils and margarines to meet domestic demand. We implemented competitive pricing strategies and regular price adjustments while simultaneously ramping up advertising and promotions to drive sales volumes. The Division’s revenue rose by 22% to Rp15.0 trillion, driven mainly by higher sales volumes and average selling prices. Despite gross profit increased 4% on higher sales, Operating profit declined to Rp767 billion in 2025 from Rp817 billion in the prior year mainly due to the absence of income from the sale of export allocation rights. IndoAgri’s vertically integrated business model remained a cornerstone of our performance, ensuring a stable supply of raw materials. In 2025, our own plantations supplied 76% of the CPO used in our cooking oils, margarine and shortening. To support future growth, we expanded the Tanjung Priok refinery by adding a third production line with an annual capacity of 450,000 tonnes. Following its completion in 2025, our total annual CPO processing capacity reached 1.9 million tonnes. To capitalise on the expanded production capacity and maintain market leadership, we executed a series of marketing activities throughout 2025. The marketing campaign for cooking oils was focused on the theme “Bimoli, Bringing Perfection to Your Joy”, designed to reinforce brand presence through a mix of digital and physical touchpoints. Highlights included the “Rekreasi Viral Bimoli” digital activation as well as on-ground engagements at Jakarta Fair Kemayoran and “Serbu Pasar” roadshows. The margarine segment was driven by the “Palmia, The Heart of Every Dish” campaign, supported by new TV commercial production and placements and a dedicated “Dapur Inspirasi Ramadan Palmia” festive TV filler. Below the line, the Division engaged the culinary community through the Jakarta Fair Kemayoran as well as roadshows and baking demos, in addition to professional exhibitions like SIAL Interfood 2025. The R&D team supported the Edible Oils and Fats Division by enhancing the nutritional content of cooking oils and margarines to better meet the dietary needs of Indonesian consumers. Notable achievements included tailored cooking oil formulations for industrial users, multivitaminenriched margarines for households, and the innovation of smarter packaging designs using more environmentally friendly materials. 2026 OUTLOOK We will continue to focus on driving the growth of edible oils and fats sales volumes by maintaining competitive pricing against our main competitors and continuing with TVC placements. We will also improve distribution coverage to ensure consistent product availability across our markets. To further strengthen the Bimoli brand leadership, we will increase in-store product visibility. Additionally, we plan to refresh packaging designs for consumer margarine. Indofood Agri Resources Ltd. 20 Group Overview Operation and Financial Review Financials Other Information Sustainability and Governance
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