PT Formosa Ingredient Factory Tbk

PT Formosa Ingredient Factory Tbk

IIDX:BOBA
173.00
IDR
-1.00
(-0.57%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Sugiarto E. W. Yunita
Full Time Employees
81
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
Berlian 88 Biz Estate Blok C No.1 Tangerang BT Indonesia 15810
IPO Date
Nov 1, 2021
Website
formosa.id
Business
PT Formosa Ingredient Factory Tbk (BOBA.JK) manufactures and sells beverage toppings and ingredients, including tapioca pearls, jelly toppings such as brown sugar jelly, cocopandan jelly, coffee jelly, grape jelly, grass jelly, pandan jelly and premium jelly variants; popping boba under the BOOMBA brand; premium sauces, syrups including brown sugar syrup, premix powders such as waffle premix and drinking powders; and puree products, primarily under the Bobaking brand. Founded in 2016 and headquartered in Tangerang, Banten, Indonesia, at Berlian 88 Biz Estate Blok C No.1, the company supplies the food and beverage industry, serving prominent customers like McDonald's, XiBoba, Cinema XXI, Excelso, KFC and Hoka Hoka Bento through restaurants, coffee shops, chain stores, modern markets and retail channels in Indonesia as well as export markets across Asia including Japan, the Philippines, Hong Kong, Malaysia, Vietnam and South Korea. It maintains collaborations with Texture Maker Enterprise Co. Ltd from Taiwan, holds certifications including FSSC, ISO 22000:2018, BPOM and Halal, and operates a subsidiary PT Nutri Boga Sukses in trading; recent developments include a 119.4% net profit surge in H1 2024 to support sales growth, financing from PT BCA Finance in 2024 and participation in trade expos like SIAL Interfood and Trade Expo Indonesia 2024 to drive product innovations and market expansion.