Sustainable Business Continuity
Kabupaten Gresik, September 26, 2023 – PT Nusa Palapa Gemilang Tbk (Stock Code: “NPGF” atau “Perseroan”) would like to provide clarification on various questions regarding the Company's business continuity and future prospects. Since September 2022, the Company has begun construction of a new factory located in Panceng District, Gresik, consisting of a factory building, two sets of more efficient dry granulation machines, and other supporting facilities, with a total investment of IDR 60 billion. The construction process was completed in July 2023. The factory construction in Gresik Regency is expected to have a positive impact on the local economy by creating job opportunities for the local community.
The Company has been operating commercially and receiving fertilizer orders from several corporate customers (Business-to-Business or "B2B"). Currently, these fertilizer orders are in the final stages of production and delivery. Therefore, the Company is targeted to reach full capacity by the third quarter of this year, with a total order value of approximately IDR 30 billion. Furthermore, to ensure business continuity and revenue growth, the Company will implement various strategies, one of which is through market development. The Company believes there is still ample room for growth, particularly in the free market for both plantation and non-plantation segments, for both oil palm and horticultural crops. Going forward, the Company will, in addition to implementing a B2B business model, also develop markets with a Business-to-Consumer (B2C) business model as a manifestation of its commitment to maintaining long-term business continuity, ensuring competitiveness and adaptability to industry dynamics.
The Company has announced its Interim Consolidated Financial Statements for the six-month periods ended June 30, 2023, and June 30, 2022. As of June 30, 2023, the Company's total liabilities reached IDR 32.2 billion, an 82% decrease compared to IDR 195.7 billion reported on June 30, 2022. This significant decrease in liabilities was driven by the repayment of excessive bank debt, which had burdened the Company's net profit performance. A comparison of the Company's financial condition, based on the Debt-to-Equity Ratio (DER) of 0.17 and 0.85 as of June 30, 2023, and June 30, 2022, indicates a decrease in financial risk and an improving condition. The Company strives to continuously improve productivity and profitability by managing costs more efficiently and aligning available funds with production capacity at the new plant, ensuring that the Company does not incur an increase in its cost of capital.
About PT Nusa Palapa Gemilang Tbk
The Company has been operating since 2001 and is engaged in the production, marketing, and trading of primary macronutrient compound fertilizers. In 2023, PT Nusa Palapa Gemilang Tbk produced NPK fertilizer using the dry granulation system. NPGF was publicly listed on the Indonesia Stock Exchange on April 14, 2021.
For further information, please contact
Corporate Secretary
T +6231 8485665 | F +6231 8495095
corporatesecretary@ptnpg.com
www.ptnpg.com
This press release has been prepared by PT Nusa Palapa Gemilang Tbk. ("NPGF") and is being circulated for general information purposes only and does not constitute a recommendation regarding NPGF shares. NPGF shall not be liable for any consequences arising from reliance on the whole or any part of the contents of this press release and neither NPGF nor its affiliated Companies and their respective employees and agents accept any liability for any errors, omissions or inaccuracies that may arise.
The Company has been operating commercially and receiving fertilizer orders from several corporate customers (Business-to-Business or "B2B"). Currently, these fertilizer orders are in the final stages of production and delivery. Therefore, the Company is targeted to reach full capacity by the third quarter of this year, with a total order value of approximately IDR 30 billion. Furthermore, to ensure business continuity and revenue growth, the Company will implement various strategies, one of which is through market development. The Company believes there is still ample room for growth, particularly in the free market for both plantation and non-plantation segments, for both oil palm and horticultural crops. Going forward, the Company will, in addition to implementing a B2B business model, also develop markets with a Business-to-Consumer (B2C) business model as a manifestation of its commitment to maintaining long-term business continuity, ensuring competitiveness and adaptability to industry dynamics.
The Company has announced its Interim Consolidated Financial Statements for the six-month periods ended June 30, 2023, and June 30, 2022. As of June 30, 2023, the Company's total liabilities reached IDR 32.2 billion, an 82% decrease compared to IDR 195.7 billion reported on June 30, 2022. This significant decrease in liabilities was driven by the repayment of excessive bank debt, which had burdened the Company's net profit performance. A comparison of the Company's financial condition, based on the Debt-to-Equity Ratio (DER) of 0.17 and 0.85 as of June 30, 2023, and June 30, 2022, indicates a decrease in financial risk and an improving condition. The Company strives to continuously improve productivity and profitability by managing costs more efficiently and aligning available funds with production capacity at the new plant, ensuring that the Company does not incur an increase in its cost of capital.
About PT Nusa Palapa Gemilang Tbk
The Company has been operating since 2001 and is engaged in the production, marketing, and trading of primary macronutrient compound fertilizers. In 2023, PT Nusa Palapa Gemilang Tbk produced NPK fertilizer using the dry granulation system. NPGF was publicly listed on the Indonesia Stock Exchange on April 14, 2021.
For further information, please contact
Corporate Secretary
T +6231 8485665 | F +6231 8495095
corporatesecretary@ptnpg.com
www.ptnpg.com
This press release has been prepared by PT Nusa Palapa Gemilang Tbk. ("NPGF") and is being circulated for general information purposes only and does not constitute a recommendation regarding NPGF shares. NPGF shall not be liable for any consequences arising from reliance on the whole or any part of the contents of this press release and neither NPGF nor its affiliated Companies and their respective employees and agents accept any liability for any errors, omissions or inaccuracies that may arise.
More News
NPGF Boosts Chili Productivity to Strengthen Food Security in MagelangPT Nusa Palapa Gemilang Tbk (NPGF) is once again strengthening its field-based growth strategy by holding Farmer Field Days (FFDs), which are consistently held in various regions of Indonesia. The latest event took place on Mr. Supriyanto's chili farm in Kamongan Village, Srumbung District, Magelang, Central Java (May 5).
The event was attended by approximately 65 participants, consisting of local farmers, Women Farmers Groups (KWT), and Agricultural Extension Workers (PPL) from various areas in Srumbung District. On this occasion, NPGF not only provided education on effective chili cultivation practices but also distributed samples of superior products such as NPG 16-16-16-TE Fertilizer and NPG Booster 13-6-27-4-TE as a direct approach to farmers.
On this approximately 1,700 square meter plot, the entire chili cultivation cycle, from the vegetative to the generative phase, was carried out using NPG fertilizer.
The results were measurable. The plants had entered their 13th harvest and remained in optimal condition: no wilting symptoms were observed, the stems were strong, and fruit productivity remained high and consistent. This is an important indicator that the NPG fertilizer formulation is capable of maintaining plant stability even in less-than-ideal weather conditions.
More importantly, this performance occurred despite high rainfall, a major risk factor in chili cultivation, as it is susceptible to disease and reduced yields.
However, in this demonstration plot, the plants remained healthy with no indications of significant pest attacks such as the smut.
On this occasion, NPGF also introduced new products, MKP and KNO3, as part of a strengthened plant nutrition portfolio.
Mr. Supriyanto, the landowner, expressed his hope for the sustainability of this program:
“FFDs like this have a direct impact on us. We hope they can continue to be held regularly so that more farmers, including the KWT (Farmers Group) in this area, can reap tangible benefits and increase their agricultural yields with NPG fertilizer.”
From the extension worker's perspective, validation also comes from the field. Mr. Amrul Jihad, a field instructor who assists the villages of Ngablak, Kemiren, and Mantingan, emphasized the relevance of this activity:
“This FFD is timely because it's being held during a time of high rainfall. In conditions like these, education is crucial. Interestingly, the results in this field show that the use of NPG fertilizer can still maintain plant health without attacks from pests like caterpillars. This is concrete evidence for farmers.”
Meanwhile, Cika Deswert, Public Relations Officer for NPGF, who was also present, emphasized that this activity is part of the company's strategy to build market trust based on real performance:
"We are not solely focused on sales, but on measurable and replicable results. The FFD is a means for us to demonstrate the consistent performance of NPGF products in direct cultivation practices. With this approach, we encourage sustainable increases in farmer productivity as part of efforts to strengthen food security and support the achievement of national food self-sufficiency."
Activities such as the FFD not only strengthen the brand at the farmer level but also serve as a form of market validation that drives organic demand growth. The consistent implementation of this program plays a role in strengthening the company's revenue base, while also creating a foundation for more stable and sustainable growth.
Through a combination of product demonstrations, education, and portfolio expansion, NPGF positions itself not only as a fertilizer producer, but as a results-oriented agricultural partner...
The event was attended by approximately 65 participants, consisting of local farmers, Women Farmers Groups (KWT), and Agricultural Extension Workers (PPL) from various areas in Srumbung District. On this occasion, NPGF not only provided education on effective chili cultivation practices but also distributed samples of superior products such as NPG 16-16-16-TE Fertilizer and NPG Booster 13-6-27-4-TE as a direct approach to farmers.
On this approximately 1,700 square meter plot, the entire chili cultivation cycle, from the vegetative to the generative phase, was carried out using NPG fertilizer.
The results were measurable. The plants had entered their 13th harvest and remained in optimal condition: no wilting symptoms were observed, the stems were strong, and fruit productivity remained high and consistent. This is an important indicator that the NPG fertilizer formulation is capable of maintaining plant stability even in less-than-ideal weather conditions.
More importantly, this performance occurred despite high rainfall, a major risk factor in chili cultivation, as it is susceptible to disease and reduced yields.
However, in this demonstration plot, the plants remained healthy with no indications of significant pest attacks such as the smut.
On this occasion, NPGF also introduced new products, MKP and KNO3, as part of a strengthened plant nutrition portfolio.
Mr. Supriyanto, the landowner, expressed his hope for the sustainability of this program:
“FFDs like this have a direct impact on us. We hope they can continue to be held regularly so that more farmers, including the KWT (Farmers Group) in this area, can reap tangible benefits and increase their agricultural yields with NPG fertilizer.”
From the extension worker's perspective, validation also comes from the field. Mr. Amrul Jihad, a field instructor who assists the villages of Ngablak, Kemiren, and Mantingan, emphasized the relevance of this activity:
“This FFD is timely because it's being held during a time of high rainfall. In conditions like these, education is crucial. Interestingly, the results in this field show that the use of NPG fertilizer can still maintain plant health without attacks from pests like caterpillars. This is concrete evidence for farmers.”
Meanwhile, Cika Deswert, Public Relations Officer for NPGF, who was also present, emphasized that this activity is part of the company's strategy to build market trust based on real performance:
"We are not solely focused on sales, but on measurable and replicable results. The FFD is a means for us to demonstrate the consistent performance of NPGF products in direct cultivation practices. With this approach, we encourage sustainable increases in farmer productivity as part of efforts to strengthen food security and support the achievement of national food self-sufficiency."
Activities such as the FFD not only strengthen the brand at the farmer level but also serve as a form of market validation that drives organic demand growth. The consistent implementation of this program plays a role in strengthening the company's revenue base, while also creating a foundation for more stable and sustainable growth.
Through a combination of product demonstrations, education, and portfolio expansion, NPGF positions itself not only as a fertilizer producer, but as a results-oriented agricultural partner...
Signing IDR 217 Billion Contract, NPGF Targets Performance Growth in 2026PT Nusa Palapa Gemilang Tbk (NPGF) successfully secured a IDR 217 billion contract in the palm oil plantation segment in early 2026.
This contract marks a significant milestone for the company in strengthening sales performance and expanding market penetration in the strategic agribusiness sector.
The contract value is equivalent to approximately 97% of the company's revenue from the previous year, providing significant revenue visibility from early 2026 and supporting more measurable production and distribution planning. Products covered by this contract include NPK fertilizer and plant nutrient formulations designed to suit the land characteristics and growth phase of oil palms.
President Director of PT Nusa Palapa Gemilang Tbk, Ujang Suparman, stated that this contract reflects increased customer confidence in the quality of the company's products and services.
"NPGF's success in securing a PO contract worth IDR 217 billion in early 2026 is the result of the company's consistency in maintaining product quality, accurate distribution, and an approach focused on the needs of plantation customers," said Ujang Suparman.
He added that securing this contract also strengthens NPGF's business portfolio amidst the development of various agribusiness segments.
"This contract provides important initial capital for NPGF in maintaining growth momentum throughout 2026. With the contract base established since the beginning of the year, we are optimistic about sustainably improving operational performance,"
he continued.
In line with this achievement, the company is targeting revenue growth of around 20% in 2026 compared to the previous year. Management emphasized that this IDR 217 billion contract is not a one-off, but rather part of the ongoing sales pipeline the company is building.
This contract also complements the company's strategic steps to strengthen its working capital structure. To date, NPGF has obtained a bank credit facility of IDR 54 billion, giving the company a combination of solid demand and adequate funding capacity to execute its growth strategy.
Going forward, NPGF will continue to strengthen relationships with existing customers while opening up new contract opportunities in the plantation and other commercial agribusiness segments.
With this foundation, the company is optimistic that it can strengthen its position as a reliable fertilizer provider for the national plantation industry and support its performance growth targets throughout 2026...
This contract marks a significant milestone for the company in strengthening sales performance and expanding market penetration in the strategic agribusiness sector.
The contract value is equivalent to approximately 97% of the company's revenue from the previous year, providing significant revenue visibility from early 2026 and supporting more measurable production and distribution planning. Products covered by this contract include NPK fertilizer and plant nutrient formulations designed to suit the land characteristics and growth phase of oil palms.
President Director of PT Nusa Palapa Gemilang Tbk, Ujang Suparman, stated that this contract reflects increased customer confidence in the quality of the company's products and services.
"NPGF's success in securing a PO contract worth IDR 217 billion in early 2026 is the result of the company's consistency in maintaining product quality, accurate distribution, and an approach focused on the needs of plantation customers," said Ujang Suparman.
He added that securing this contract also strengthens NPGF's business portfolio amidst the development of various agribusiness segments.
"This contract provides important initial capital for NPGF in maintaining growth momentum throughout 2026. With the contract base established since the beginning of the year, we are optimistic about sustainably improving operational performance,"
he continued.
In line with this achievement, the company is targeting revenue growth of around 20% in 2026 compared to the previous year. Management emphasized that this IDR 217 billion contract is not a one-off, but rather part of the ongoing sales pipeline the company is building.
This contract also complements the company's strategic steps to strengthen its working capital structure. To date, NPGF has obtained a bank credit facility of IDR 54 billion, giving the company a combination of solid demand and adequate funding capacity to execute its growth strategy.
Going forward, NPGF will continue to strengthen relationships with existing customers while opening up new contract opportunities in the plantation and other commercial agribusiness segments.
With this foundation, the company is optimistic that it can strengthen its position as a reliable fertilizer provider for the national plantation industry and support its performance growth targets throughout 2026...
NPGF Performance Strengthens, Sales Grow 33.4 Percent and Production Soars 69 Percent 2025NPGF's Performance Strengthens, Sales Grow 33.4 Percent and Production Soars 69 Percent in 2025
Gresik, January 19, 2026 - PT Nusa Palapa Gemilang Tbk (NPGF) recorded strong performance throughout 2025. The company posted sales growth of 33.4 percent compared to the previous year, in line with a 69 percent year-on-year increase in production performance.
This growth reflects the company's success in optimizing production capacity and maintaining supply continuity to meet market demand.
The significant increase in production is considered a crucial factor in supporting consistent sales growth.
President Director of PT Nusa Palapa Gemilang Tbk, Ujang Suparman, stated that this achievement is the result of strengthening the company's operational fundamentals.
"We are making improvements to production planning, process efficiency, and strengthening distribution. With more ready capacity, the company can respond to market needs more quickly and stably," said Ujang Suparman.
According to him, the surge in production provides the company with greater room to maintain product availability in the market while strengthening relationships with its distribution network.
Entering 2026, management has set a strategic focus on strengthening marketing. After going through a phase of capacity expansion and operational consolidation, NPGF will direct its strategy toward increasing market penetration, strengthening its brand, and optimizing its distribution network.
"We are positioning 2026 as a marketing year. Our main focus is to maximize market potential from existing capacity, with a more structured and sustainable approach," explained Ujang.
As part of this strategy, the company will also launch new products: Mono Potassium Phosphate (MKP) and Potassium Nitrate (KNO₃). This product is expected to
complement NPGF's portfolio, particularly for the agriculture and plantation segments with more specific plant nutrient needs.
Management emphasized that future expansion will remain measured, with a focus on efficiency, product quality, and sustainable growth.
With strengthened production performance and a marketing and product innovation agenda for
2026, NPGF is optimistic about strengthening its position in the national fertilizer industry...
Gresik, January 19, 2026 - PT Nusa Palapa Gemilang Tbk (NPGF) recorded strong performance throughout 2025. The company posted sales growth of 33.4 percent compared to the previous year, in line with a 69 percent year-on-year increase in production performance.
This growth reflects the company's success in optimizing production capacity and maintaining supply continuity to meet market demand.
The significant increase in production is considered a crucial factor in supporting consistent sales growth.
President Director of PT Nusa Palapa Gemilang Tbk, Ujang Suparman, stated that this achievement is the result of strengthening the company's operational fundamentals.
"We are making improvements to production planning, process efficiency, and strengthening distribution. With more ready capacity, the company can respond to market needs more quickly and stably," said Ujang Suparman.
According to him, the surge in production provides the company with greater room to maintain product availability in the market while strengthening relationships with its distribution network.
Entering 2026, management has set a strategic focus on strengthening marketing. After going through a phase of capacity expansion and operational consolidation, NPGF will direct its strategy toward increasing market penetration, strengthening its brand, and optimizing its distribution network.
"We are positioning 2026 as a marketing year. Our main focus is to maximize market potential from existing capacity, with a more structured and sustainable approach," explained Ujang.
As part of this strategy, the company will also launch new products: Mono Potassium Phosphate (MKP) and Potassium Nitrate (KNO₃). This product is expected to
complement NPGF's portfolio, particularly for the agriculture and plantation segments with more specific plant nutrient needs.
Management emphasized that future expansion will remain measured, with a focus on efficiency, product quality, and sustainable growth.
With strengthened production performance and a marketing and product innovation agenda for
2026, NPGF is optimistic about strengthening its position in the national fertilizer industry...
PT Nusa Palapa Gemilang TbkSince its establishment in 2001 until now, the company has grown and developed very proudly.
KONTAK INFORMASI
Head Office and Factory:
Jl. Raya Daendles KM 56, Desa Banyutengah, Kecamatan Panceng, Kabupaten Gresik, Jawa Timur
Jl. Raya Daendles KM 56, Desa Banyutengah, Kecamatan Panceng, Kabupaten Gresik, Jawa Timur
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