Surya Toto Books 29.76% Profit Jump, Earnings Reach Rp 257.39 Billion
Key Takeaways
|
JAKARTA, Investortrust.id — Sanitary ware manufacturer PT Surya Toto Indonesia Tbk, or TOTO, has posted robust financial performance as of Sept 30, 2025, with net profit surging 29.76% to Rp 257.39 billion, from Rp 198.35 billion a year earlier. The increase boosted earnings per share to Rp 24.94, from Rp 19.22 in the same period of 2024.
According to the company’s financial report submitted to the Indonesia Stock Exchange (BEI) on Tuesday, Oct 28, 2025, the profit growth was in line with revenue expansion, which climbed to Rp 1.82 trillion from Rp 1.71 trillion in the previous year’s comparable period.
The company’s gross profit also strengthened to Rp 474.42 billion, compared with Rp 391.76 billion in the third quarter of 2024. Operating profit rose to Rp 308.89 billion from Rp 238.13 billion, underscoring improved cost management and sales recovery in both domestic and export markets.
TOTO recorded other income of Rp 4.23 billion, alongside relatively stable operating expenses in the range of Rp 160 billion to Rp 170 billion. Financial income reached Rp 14.62 billion, while financial expenses stood at Rp 12.98 billion, maintaining a healthy net interest position.
The company also booked a profit contribution from associates of Rp 21.66 billion, higher than Rp 17.22 billion in the same period last year. Consequently, profit before income tax rose to Rp 329.90 billion, up from Rp 254.30 billion in the third quarter of 2024.
After deducting income tax expenses of Rp 72.60 billion, TOTO’s net profit came in at Rp 257.39 billion, confirming consistent growth momentum across its key business lines.
The management attributed the strong results to sustained demand for sanitary ware and bathroom fittings in both residential and commercial segments, supported by post-pandemic construction recovery and stable input costs.
Disclaimer: Data and valuation figures are sourced from InvestingPro and are accurate as of the time of publication. This analysis is for informational purposes only and does not constitute an invitation or recommendation to buy or sell securities.
Valuation
According to InvestingPro’s valuation models, Surya Toto Indonesia (TOTO) trades at Rp 288 per share, with an estimated fair value of Rp 408.13, implying an upside potential of 41.7% from the current level. The stock’s fair value range spans Rp 273 to Rp 535, with low uncertainty across 14 valuation models.
TOTO has also demonstrated solid financial health, scoring well across profitability and balance-sheet strength indicators. The company holds more cash than debt, has raised dividends for four consecutive years, and continues to trade at a low earnings multiple relative to near-term growth prospects.
These metrics suggest that TOTO remains attractively valued within Indonesia’s industrial and consumer goods sectors, with potential for re-rating if earnings momentum continues through 2026.