Sido Muncul's Sales and Profits Decline in Q1 2025

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Nabilah Muhamad 06/05/2025 17:45 WIB

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PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) reported a net profit of Rp232.94 billion in the first quarter of 2025. This represents a 40.32% year-on-year (yoy) decline.

Sido Muncul's Sales and Profit* Q1 (2024-2025)

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Sido Muncul's Sales and Profits Decline in Q1 2025

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Sido Muncul's Sales and Profit* Q1 (2024-2025)

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PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) reported a net profit attributable to the parent entity of Rp232.94 billion in the first quarter of 2025.

This net profit decreased by 40.32% year-on-year (yoy) compared to the Rp390.49 billion achieved in the same period last year.

In line with this, SIDO's sales plummeted by 25.09% (yoy) to Rp789.10 billion in the first quarter of this year.

Sales from the herbal medicine and supplements segment were down 42.08% (yoy) to Rp363.07 billion, and pharmaceutical sales decreased by 22.18% (yoy) to Rp23.67 billion.

Meanwhile, food and beverage sales increased by 1.57% (yoy) to Rp402.35 billion.

In terms of expenses, Sido Muncul's cost of goods sold decreased by 12.06% (yoy) to Rp376.65 billion.

Its sales and marketing expenses in Q1 2025 reached Rp93.86 billion, general and administrative expenses were Rp42.70 billion, and other expenses amounted to Rp370 million.

As of the end of March 2025, SIDO had assets worth Rp4.09 trillion. This is a 4.01% increase from the December 2024 position of Rp3.93 trillion.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."