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    Process industries

  3. •

    Agricultural commodities/Milling
PT Sinar Mas Agro Resources & Technology Tbk

PT Sinar Mas Agro Resources & Technology Tbk

6,800.00
IDR
-50.00
(-0.73%)
13.30TMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8,333.43
11,259.92
12,614.09
10,358.68
12,296.56
13,018.5
12,602.95
14,077.86
19,846.93
26,128.31
23,163.67
27,447.82
30,271.66
- -
Basic EPS, GAAP
310.74
514.46
-134.45
905.55
411.8
207.97
312.87
535.74
984.2
1,915.09
319.55
445.02
899.98
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1,199.66
5
10
- -
24.99
29.99
749.79
- -
344.89
309.9
369.88
199.92
30
- -
Book Value per Share
2,255.83
2,759.47
2,651.61
3,628.03
4,012.96
4,262.31
3,804.12
4,357.53
5,016.07
6,696.84
6,635.63
6,917.86
7,805.96
8,397.63
Tangible Book Value per Share
2,121.42
2,616.45
2,481.66
3,620.29
3,793.43
3,936.06
3,409.64
3,908.72
4,660.01
6,355.25
6,149.5
6,422.24
7,284.52
7,860.74
Basic Weighted Avg Shares
2,872
2,872
2,872
2,872
2,872
2,872
2,872
2,872
2,872
2,872
2,872
2,872
2,872
2,872
Sales/Revenue/Turnover
23,935,214
32,340,665
36,230,113
29,752,126
35,318,102
37,391,643
36,198,102
40,434,346
57,004,234
75,045,559
66,530,549
78,835,443
86,946,068
- -
Operating Margin (%)
8.14
6.6
2.81
4.86
4.44
4.23
2.97
5.75
6.81
8.8
2.23
2.57
4.13
- -
Depreciation Expense
90,629
111,792
128,692
132,126
133,930
151,455
154,436
258,368
505,516
248,786
223,573
256,062
260,473
- -
Net Income, GAAP
892,505
1,477,623
-386,175
2,600,909
1,182,757
597,324
898,632
1,538,742
2,826,808
5,500,519
917,807
1,278,172
2,584,906
- -
Effective Tax Rate (%)
25.86
24.8
- -
- -
1.91
14.79
22.93
26.25
21.27
19.12
17.23
19.37
21.74
- -
Profit Margin (%)
3.73
4.57
-1.07
8.74
3.35
1.6
2.48
3.81
4.96
7.33
1.38
1.62
2.97
- -
Working Capital
797,927
715,995
782,957
2,889,779
3,007,902
4,150,105
801,863
4,253,117
7,009,082
11,604,256
8,915,726
11,070,801
8,787,453
9,572,841
LT Debt
1,439,524
1,181,921
2,889,823
6,415,829
6,696,284
7,902,991
5,122,373
6,867,952
9,687,194
10,373,741
9,483,107
11,090,652
8,367,628
8,938,163
Total Equity
6,484,901
7,931,489
7,622,770
10,425,732
11,532,233
12,249,205
10,933,057
12,523,681
14,417,829
19,247,803
19,071,863
19,883,057
22,435,020
24,135,669
Return on Invested Capital (%)
11.51
11.16
- -
- -
6.66
5.41
3.32
6.28
9.39
14.68
3.34
4.38
7.16
- -
Return on Capital (%)
8.73
11.95
- -
- -
7.05
4.29
5.31
7.6
11.37
18.32
5.38
6
8.69
- -
Return on Common Equity (%)
11.58
20.52
-4.97
28.84
10.78
5.03
7.76
13.13
21
32.7
4.79
6.57
12.22
- -

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8,050,048
5,760,286
8,962,078
LT Borrowings
8,364,273
10,125,182
8,932,300
LT Finance Leases
3,355
8,474
5,863
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,872
2,872
2,872
Market Capitalization
13,700,362
14,648,186
13,298,255

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
22,097,650
22,209,810
25,767,607
Cash, Cash Equivalents & STI
2,024,738
1,915,304
1,586,141
Accounts Receivable, Net
4,645,967
5,188,238
5,532,383
Inventories
11,727,486
11,162,840
13,424,559
Total Current Liabilities
13,310,197
11,347,608
16,194,766
Payables & Accruals
- -
- -
- -
ST Debt
8,050,048
5,760,286
8,962,078
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.22%
12.96%
12.83%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-51.94%
47.29%
102.23%
Sales/Revenue/Turnover
10.53%
18.01%
10.29%
Total Cash Common Dividend
- -
- -
-84.99%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17,882,988
18,009,412
20,400,912
22,542,131
78,835,443
2025
21,158,050
22,108,083
- -
21,291,713
86,946,068
2026
20,734,239
22,995,924
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
61.93
85.46
213.35
84.27
445.02
2025
46.74
240.63
- -
343.52
899.98
2026
288.81
527.33
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
104.95
199.92
2025
0.01
0.13
- -
- -
30
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Irwan Tirtariyadi
Full Time Employees
18,295
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Sinar Mas Land Plaza Tower II Jakarta JK Indonesia 10350
IPO Date
Nov 20, 1992
Website
smart-tbk.com
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Business
PT Sinar Mas Agro Resources and Technology Tbk (PT SMART Tbk) operates as an integrated seed-to-shelf palm oil agribusiness company, cultivating and harvesting oil palm trees across approximately 137,000 hectares in Sumatra and Kalimantan, Indonesia; processing fresh fruit bunches into crude palm oil and palm kernel; refining into consumer products including cooking oil under Filma and Kunci Mas brands, margarine, shortening; and industrial products such as biodiesel, oleochemicals comprising fatty acids, glycerin, soap noodles, palm kernel oil, and cocoa butter substitutes. The company manages 16 mills, four kernel crushing plants, four refineries, two biodiesel plants, and one oleochemical plant primarily in Indonesia, with global merchandising to markets in Asia, Europe, North America, Africa, the Middle East, and the Indian subcontinent. Founded in 1962 and headquartered at Sinar Mas Land Plaza in Jakarta, Indonesia, PT SMART Tbk functions as a subsidiary of Golden Agri-Resources Ltd and underwent an initial public offering on the Indonesia Stock Exchange in 1992. In recent developments, PT SMART Tbk's parent Golden Agri-Resources (GAR) established a multi-year strategic partnership with Verborg Group in 2024 to supply over one million tonnes of tropical oils including CPO, PKO, and coconut oil; entered a lease agreement with Chane in July 2024 for 20,400 cubic meters of storage capacity at Rotterdam terminal to bolster Northwest Europe presence; opened new sales offices in Dubai and Mexico to expand into Africa, the Middle East, South Asia, and Latin America; and launched SmartTrace blockchain platform for supply chain transparency compliant with EU Deforestation-Free Regulation. Sinar Mas Agribusiness and Food, GAR's Indonesian operating entity, received the INDI 4.0 award for smart factory integration and sustainability recognition at Belawan Refinery for transitioning to palm kernel shells and biomass fuels; while its Sawit Terampil program enabled smallholder cooperatives like KJSLJ to achieve RSPO certification, with over 9,000 farmers trained.