- Business
- PT Salim Ivomas Pratama Tbk (SIMP.JK) operates as a diversified, vertically integrated agribusiness company in Indonesia, engaging in the full supply chain of palm oil products from research and development, seed breeding, cultivation, and processing to refining, branding, and marketing; it produces and sells cooking oils, margarine, and shortening under brands including Bimoli, Bimoli Spesial, Delima, Happy, Palmia, Amanda, Simas, Malinda, and Mahakam, alongside crude palm oil, fresh fruit bunches, palm kernel, and derivatives from rubber, sugarcane, cocoa, coconut, and tea plantations. The company conducts operations through two primary segments, Plantations and Edible Oils & Fats, with additional activities in oil palm seed breeding, technical services, transportation, bulking stations, trading, artificial macronutrient fertilizers, agricultural technology investments, and house prefabrication; it serves domestic and international markets in China, Singapore, Timor Leste, Nigeria, Haiti, the Philippines, Germany, Myanmar, and other regions. Founded in 1992 and headquartered at Sudirman Plaza, Indofood Tower, Jakarta, Indonesia, PT Salim Ivomas Pratama Tbk functions as a subsidiary of PT Indofood Agri Resources Ltd within the Indofood Group. In recent developments, the company reported a 76% net profit increase to IDR 1.41 trillion for the nine months ended September 2025, driven by strong domestic sales growth amid revenue of IDR 14.92 trillion; it also announced funding of IDR 806.897 billion to subsidiary PT Mentari Subur Abadi and released financial results for the first half of 2025 and fiscal year 2024, alongside its listed subsidiary PT PP London Sumatra Indonesia Tbk.