Key insights and market outlook
Sampoerna Strategic Group has divested its 65.72% stake in PT Sampoerna Agro Tbk (SGRO) to AGPA Pte. Ltd., a subsidiary of POSCO International Corporation, for Rp 9.4 trillion or Rp 7,903 per share. The transaction marks a significant change in SGRO's controlling shareholder. Despite the ownership change, SGRO's fundamentals remain strong with 236% YoY net profit growth to Rp 538 billion in H1 2025 1
Sampoerna Strategic Group, through Twinwood Family Holdings Limited, has divested its entire stake of 65.72% in PT Sampoerna Agro Tbk (SGRO) to AGPA Pte. Ltd., a subsidiary of POSCO International Corporation, in a significant transaction valued at Rp 9.4 trillion or approximately Rp 7,903 per share 1
Despite the change in controlling shareholder, SGRO has demonstrated robust financial performance. In H1 2025, the company reported 236% YoY growth in net profit to approximately Rp 538 billion, while revenue increased by 45% YoY to Rp 3.29 trillion. The company's gross margin expanded significantly from about 20% to over 32%, driven by increased production of Fresh Fruit Bunches (FFB), Crude Palm Oil (CPO), and palm kernel, as well as higher average selling prices 2
Bambang Sulistyo, President Director of Sampoerna Group, expressed confidence in POSCO International as the new owner, citing their experience and commitment to the Indonesian palm oil industry. The divestment allows Sampoerna Group to focus on their core businesses and explore other potential sectors in Indonesia 3
The acquisition by POSCO International, a Korean business group, brings new opportunities for SGRO to expand its operations. Analysts view the transaction positively, noting that SGRO enters this transition period with improved financial health, including increased cash reserves and reduced liabilities 2
Sampoerna Agro Divestment
POSCO International Acquisition
Significant Ownership Change