PalmCo Reports Strong 2024 Financial Performance, Declares Significant Dividend

Strong Profit Growth

PT Perkebunan Nusantara IV PalmCo has reported a 49% year-on-year increase in net profit to Rp3.76 trillion for the year 2024, up from Rp2.53 trillion in the previous year. This significant growth has enabled the company to declare a cash dividend of Rp1.5 trillion for shareholders.

Dividend Distribution Decision

The decision to distribute the dividend was made during the Annual General Meeting of Shareholders (RUPST) held on November 19, 2025, at the Holding PTPN III (Persero) office. The dividend payment reflects the company's improved financial fundamentals over the past two years.

Key Factors Behind Financial Success

According to Jatmiko Santosa, CEO of PalmCo, the outstanding performance is a direct result of the restructuring and efficiency measures implemented by the company since its consolidation. These strategic initiatives have significantly enhanced the company's operational capabilities and financial health.

Market Impact

The substantial dividend declaration of Rp1.5 trillion demonstrates the company's commitment to returning value to its shareholders, primarily the state as the majority shareholder. This move is expected to positively impact the company's reputation and investor confidence in state-owned enterprises within the plantation sector.