Kotabaru, South Kalimantan (ANTARA) - The Indonesia Cement Association (ICA) data shows PT Indocement Tunggal Prakarsa Tbk's overall domestic market share has improved from 29,5 percent in Q1 2024 to 30.1 percent in Q1 2025, with Java at 37.9 percent and 21.9 percent for outside Java.
Corporate Secretary of PT Indocement Tunggal Prakarsa Tbk Dani Handajani said the company posted a total sales volume (cement and clinker) of 4,364 thousand tons in Q1 2025, -184 thousand tons or -4,0 percent lower than the same period last year.
"Especially due to the shift of Eid celebration for two weeks, resulting in more holidays and number of days when truck deliveries cannot be made in Q1 2025," he noted in a press release as reported on Wednesday.
Related news: Indocement records 20,496 thousand ton cement and clinker sale in 2024
The company's net revenue of Rp3.975 billion, decreased by -2,6 percent followed by a decrease in cost of revenue to -Rp2.856 billion, down by -1.6 percent.
Both are in line with decline in sales volume which resulted in gross profit margin of 28.2 percent for Q1 2025.
Operating expenses downed by -3,3 percent to -IDR847.3 billion, and other operating expense – Net also decreased by 284.6 percent to -Rp18.9 billion due to foreign exchange losses in Q1 2025 compared to Q1 2024.
This resulted in an operating profit margin of 6.4 percent and EBITDA of 15.,9 percent in Q1 2025.
Cement demand increased after the fasting month, although there was a contraction in bagged and bulk cement demand in Q1 2025.
Bagged cement demand has been better than bulk cement since the beginning of the year. The composition of bulk cement in Q1 2025 fell below 30 percent due to slower demand in the new capital city project and recent infrastructure budget cuts.
Therefore, bagged cement products are likely to support cement demand growth this year.
Related news: Indocement controls 29.7 percent Indonesia's cement market
