Indofood CBP (ICBP) Profit Falls 13% as Currency Losses Offset Operating Gains
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JAKARTA, Investortrust.id — PT Indofood CBP Sukses Makmur Tbk, or ICBP, one of Indonesia’s largest consumer goods producers, has reported a 13% decline in net profit to Rp 7.11 trillion for the first nine months of 2025, down from Rp 8.15 trillion a year earlier, as unrealized foreign exchange losses weighed on earnings.
The decline was mainly attributed to the weakening of the rupiah, which led to unrealized foreign exchange losses from financing activities.
Despite the currency impact, consolidated net sales rose 1% to Rp 56.27 trillion from Rp 55.49 trillion, while operating profit increased 6% to Rp 12.74 trillion from Rp 12 trillion. The company’s operating margin improved to 22.6% from 21.6%, reflecting stronger cost management and efficiency measures.
Meanwhile, core profit, which reflects the company’s operational performance excluding foreign exchange effects, fell 4% to Rp 7.69 trillion from Rp 8.03 trillion.
ICBP President Director and Chief Executive Officer Anthoni Salim said the company continued to face a challenging business environment in the third quarter of 2025 amid evolving market dynamics.
“In the face of these challenges, ICBP has remained agile and focused on consumers’ needs, maintaining prudence in operations,” Anthoni said in a statement on Friday, Oct 31, 2025.
“We continue to strengthen our operational excellence, optimize our portfolio, drive innovation to stay relevant with changing consumer tastes, and maintain a healthy financial position for sustainable growth.”