<div id="readability-page-1"><div><p>The seeds for the cash crop were sown by specifically the Dutch and the British in Southeast Asia, specifically Indonesia and Malaysia, in the late 19th century as mere ornamental plants. It wasn't long until palm oil's lucrative qualities emerged. This got the ball rolling for both nations to reap the rewards and dominate the global palm oil scene.</p><p> The significant economic benefits (and moolah) for the respective governments ensured that the palm oil industry got its time in the sun. Established in 1996, the Indonesia-based Bumitama Agri Ltd. decided to cash in on this demand. The gamble paid off, as Bumitama Agri is one of the popular palm oil producers in Indonesia today.</p><h2> Branching into numbers</h2><p> Bumitama Agri's core business segment remains Plantations and Palm Oil Mills. Its product, Crude Palm Oil (CPO), generates most of its revenue while the remaining is generated by its secondary product Palm Kernels (PK). Fun fact: Both are derived from processing Fresh Fruit Bunches (FFB). CPO accounts for approximately 84% of total sales, and PK collects the remaining 16% of sales.</p><p> The company collected 13.6 trillion Indonesian Rupiah in revenue and IDR 1.9tn in net profit, up 18% and 29% y/y respectively for the 9M 25. Now here's the not-so-good news: The company's third-quarter revenue was slightly lower. We are talking 2.8% down y/y to IDR 3.9tn. The company's net profit increased by an abysmal 0.8% on a y/y basis.</p><p> Some solace here: The higher average selling price for CPO was up by 17% y/y, while palm kernel (PK) prices spiked 75% y/y in 9M 25. Another upside: the company claims that the upcoming quarter is it's at. It's expected to peak in terms of crop cycle, which may just translate to more money.</p><h2> Reading the tea leaves</h2><p> According to analysts, Bumitama Agri 's net profit is only expected to inch up to IDR 2.9tn by 2027. That's not a huge jump from the IDR 2.7tn they're expected to make by the end of 2025. Analysts' consensus for the company is neutral. According to consensus estimate, three analysts stick to 'Hold' while two endorse buy, and one expects the stock to 'Outperform'. </p><p> As per the estimates, the company may demonstrate more greens for investors in the future. The one-year (+77.4%), three-year (+144.3%) and five-year (+186.5%) display long-term growth.</p><h2> Shallow roots</h2><p> While palm oil is praised for its versatility, the industry's environmental and social challenges cast a long shadow.</p><p>Bumitama has a ton of challenges to choose from with its massive 180,000 hectares of oil palm plantations. In fact, one could say the company's got its work cut out for it! For one there's deforestation. Palm oil cultivation has driven tropical deforestation, eventually endangering endangered species. Then there's climate change as rains and droughts spell trouble in cursive (read: production shortfalls) for the industry.</p></div></div>

布米達馬農業

<p>布米達馬農業有限公司（Bumitama Agri Ltd）作為印尼主要的棕櫚油生產商，報告第三季度收入同比下降 2.8%，降至 39 萬億印尼盾，儘管粗棕櫚油價格上漲了 17%，棕櫚仁價格上漲了 75%。淨利潤同比小幅增長 0.8%。分析師預測到 2027 年，利潤將温和增長至 29 萬億印尼盾。該公司面臨環境挑戰，包括森林砍伐和氣候變化對其 18 萬公頃種植園的影響</p>

儘管價格上漲，布米達馬農業的收入仍然下降