Cimory Declares Rp 1.19 Trillion Dividend Amid Strong Earnings Growth
Main Takeaways
|
JAKARTA, investortrust.id – Indonesian consumer goods company PT Cisarua Mountain Dairy Tbk, known as Cimory, has approved a Rp 1.19 trillion ($70.6 million) dividend payout for fiscal year 2024, equivalent to 78.33% of its annual net profit. The decision underscores Cimory’s continued earnings strength and commitment to returning value to shareholders.
According to a statement from Corporate Secretary Dinar Primasari, filed with the Indonesia Stock Exchange on Monday, April 21, 2025, the dividend will be distributed on Friday, May 9, 2025. The cum-dividend date on the regular and negotiated markets is set for Wednesday, April 30, 2025. The dividend translates to Rp 150 per share, a significant increase from the Rp 90 per share distributed for fiscal year 2023.
In 2024, Cimory recorded a 22.3% increase in net profit to Rp 1.51 trillion ($95 million), up from Rp 1.24 trillion the previous year. This boosted its earnings per share from Rp 156.49 to Rp 191.48. Over the last five years, Cimory has delivered a compound annual growth rate (CAGR) of 71% in net profit, reflecting strong performance consistency.
The company’s top-line growth also remained solid, with net revenue rising from Rp 7.77 trillion to Rp 9.02 trillion in 2024. Operating profit rose 17% year-on-year to Rp 1.67 trillion, while five-year sales CAGR stood at 48%. These figures affirm Cimory’s position as one of Indonesia’s fastest-growing food and beverage companies.
Cimory's product segmentation reveals that its food division remains the dominant contributor, accounting for 57% of total sales or Rp 5.15 trillion. This segment grew 25% last year, driven by increasing consumer demand and the introduction of new products.
The dairy segment contributed 43% or Rp 3.87 trillion in revenue, with growth supported by successful launches in 2024. Notable performers included Yogurt Stick, Squeeze Bites, and UHT milk, which resonated with Indonesia’s expanding health-conscious consumer base.
Cimory also posted a 20.6% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA), which rose from Rp 1.59 trillion to Rp 1.92 trillion. The company’s cash and cash equivalents strengthened significantly as well, rising from Rp 3.42 trillion to Rp 4.24 trillion by year-end 2024.