• Consolidated net sales increased 5% to Rp67.91 trillion  
• Income from operations increased 8% to Rp14.39 trillion
• Core profit increased 27% to Rp9.27 trillion

Jakarta, 25 March 2024 – PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) today announced its financial results for the year ended 31 December 2023. ICBP posted 5% growth in consolidated net sales to Rp67.91 trillion from Rp64.80 trillion in the previous year.

Income from operations increased 8% to Rp14.39 trillion from Rp13.38 trillion, and operating margin expanded to 21.2% from 20.6%. Without taking into account the non-recurring items and forex, core profit, which reflects the underlying operational performance of the Company grew 27% to Rp9.27 trillion from Rp7.31 trillion.

Anthoni Salim, the President Director and Chief Executive Officer of ICBP, said: “Despite global challenges and weakened purchasing power in the lower-income sector, I am pleased to report that ICBP has adeptly maneuvered through the market dynamics to secure both top line and profitability growth. Looking ahead, the Indonesian economy is expected to demonstrate resilience, where we aim to balance top-line growth with profitability, while maintaining a robust balance sheet. Moreover, we will continue to closely monitor the global macro environment and react accordingly in the implementation of our strategies”.

---End---

About PT Indofood CBP Sukses Makmur Tbk

PT Indofood CBP Sukses Makmur Tbk (“ICBP” or the “Company”) is among the most established leading players in the consumer branded products sector. We are engaged in a wide range of product categories, including noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. We also operate a packaging business that produces flexible and corrugated packaging for our products.

We provide everyday food and beverage solutions for consumers of all ages across market segments, with more than 30 leading product brands. Many of these brands enjoy significant market shares in Indonesia, backed by decades of deep consumer trust and loyalty. In particular, Indomie, our flagship brand for instant noodles, has grown to become an international brand with strong market leadership extending beyond Indonesia.

Our business operations are supported by 60 plants located in key areas across Indonesia, enabling us to stay close to our customers and ensure product freshness. We leverage on the extensive distribution network of PT Indofood Sukses Makmur Tbk to meet consumer demands across the archipelago, and to ensure product availability across all sales channels in a timely and efficient manner.

We have more than 20 instant noodles production facilities in Malaysia, Africa, the Middle East and Southeastern Europe serving the overseas markets, making ICBP one of the largest instant noodle producers in the world. In addition, we also export many of our products from Indonesia, making them present in more than 100 countries globally.

For further information, please contact:

Gideon A. Putro

Corporate Secretary

PT Indofood CBP Sukses Makmur Tbk

Tel: +6221-5795 8822 

Fax: +6221-5793 7373

Email: gideon.putro@icbp.indofood.co.id