Eagle High Plantations Sees Double-Digit Profit Growth, Eyes Quasi-Reorganization to Unlock Dividends
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JAKARTA, Investortrust.id — PT Eagle High Plantations Tbk, or BWPT, a palm oil and crude palm oil producer under Rajawali Corpora, has expressed confidence in posting double-digit revenue and profit growth through the end of 2025. The outlook is underpinned by stable but rising CPO prices and higher production volumes.
The company also expects its planned quasi-reorganization to be finalized soon. BWPT is currently working with the Financial Services Authority, or OJK, to complete the required documentation for the corporate action. Management said the move will strengthen long-term finances and open the path to dividend distribution.
In the first half of 2025, BWPT recorded revenue growth of 38% to Rp 2.77 trillion ($170 million) from Rp 2.01 trillion a year earlier. EBITDA rose 30% to Rp 870 billion, while net profit attributable to the parent surged to Rp 171.88 billion ($10.6 million) from Rp 119.70 billion.
Management noted that global CPO prices are expected to remain strong, supported by demand for food security and biofuel needs, while global supply is constrained by slow replanting programs among major producers.
“We are confident that double-digit growth in both revenue and net profit will continue in 2025 and in the years ahead,” BWPT Director Andrew Haryono said during an incidental public expose held via Zoom on Thursday, Sept 11, 2025.
BWPT Chief Financial Officer Choong Kamloong also addressed the temporary suspension of the company’s shares, saying it was triggered by a rapid increase in BWPT’s stock price in recent weeks. He attributed the rally to solid fundamentals, operational efficiency, and lower debt burdens.
Quasi-Reorganization to Eliminate Deficit
Kamloong said BWPT continues to coordinate closely with OJK to finalize the quasi-reorganization process. “We are in intensive communication with the regulator and hope approval will be granted soon,” he said.
The plan aims to eliminate BWPT’s negative retained earnings of Rp 4.06 trillion ($249 million), allowing the company to present healthier financial statements. It would also create room for dividend payouts and enhance the attractiveness of BWPT shares to investors.
The company has allocated Rp 234 billion ($14.3 million) in capital expenditure for 2025, focusing on expanding mill capacity, biogas and biomass projects, as well as new planting and replanting programs. In 2026, capex is projected to rise to Rp 342 billion ($20.9 million).
By mid-2025, BWPT managed 87,000 hectares of oil palm plantations, producing 524,709 tons of fresh fruit bunches. CPO sales reached 156,086 tons, while the company’s seven mills produced 132,588 tons of crude palm oil.
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