PT Nusa Palapa Gemilang Tbk (NPGF) Reports Financial Performance for the Third Quarter of 2024
Surabaya, October 30, 2024 – PT Nusa Palapa Gemilang Tbk (“NPGF”), a publicly listed company specializing in agricultural chemicals and fertilizers, announced its financial performance report for the third quarter of 2024 on October 29, 2024. This report reflects the Company’s efforts to maintain business stability amid market challenges while reinforcing its commitment to sustainable growth.
Key Financial Achievements
In the third quarter of 2024, NPGF recorded several significant financial achievements, including:
• Revenue Growth: As of the end of September 2024, the Company recorded revenue of IDR 100.77 billion, marking a substantial increase of IDR 81.17 billion compared to the revenue of IDR 19.60 billion at the end of September 2023. This achievement was primarily driven by increased demand for the Company’s flagship products, such as NPK granular fertilizers, NPK briquettes, and micronutrient fertilizers.
• Operating Profit: The Company’s operating profit as of the end of September 2024 reached IDR 8.36 billion, reflecting a significant growth of 145.28% or IDR 26.82 billion compared to the same period last year, when the Company recorded an operating loss of IDR 18.46 billion.
• EBITDA: The Company recorded an EBITDA of IDR 10.40 billion, marking a growth of 94.32% compared to EBITDA in the second quarter of 2024. This achievement reflects a solid financial position supporting the Company’s long-term growth initiatives.
• Net Profit: The Company successfully recorded a net profit of IDR 3.37 billion, representing a significant increase of 2.17 times compared to the net profit in the second quarter of 2024, which was IDR 1.06 billion.
Growth Supporting Factors
The Company has successfully strengthened its market position through various strategies, including:
• Market Diversification: NPGF has expanded its market reach, targeting not only the corporate segment but also the retail segment, aiming to reach a broader customer base and increase product accessibility. The Company is now actively entering the retail market, offering products tailored to the needs of individual farmers and end consumers, thereby enhancing its position within the agriculture industry as a whole.
• Operational Efficiency: The implementation of new technology and supply chain optimization has become a key factor in reducing production costs, contributing to increased operating profit.
• Commitment to Sustainability: NPGF is also committed to adopting sustainable practices.
Projection and Strategic Plan
The Company's fiscal target for 2024 is to increase revenue by 187% compared to the previous year. As we approach the final quarter of 2024, NPGF remains optimistic about further enhancing performance by focusing on market expansion and strengthening relationships with key customers. The Company plans to increase production capacity at several main facilities and expand its distribution network across Indonesia.
About PT Nusa Palapa Gemilang Tbk
The Company has been operating since 2001, specializing in the production, marketing, and trading of compound fertilizers with primary macro-nutrient content. In 2023, PT Nusa Palapa Gemilang Tbk began producing NPK fertilizers using the dry granulation system. NPGF was listed as a public company on the Indonesia Stock Exchange on April 14, 2021. With years of experience and a dedication to innovation, the Company remains committed to delivering the best products and services to its customers.
For further information, please contact:
Corporate Secretary
T +6231 8485665 | F +6231 8495095
corporatesecretary@ptnpg.com
www.ptnpg.com
This press release was prepared by PT Nusa Palapa Gemilang Tbk. ("NPGF") and is intended purely for general informational purposes. It does not imply a recommendation for NPGF shares. NPGF assumes no responsibility for any repercussions resulting from reliance on all or any part of the contents of this press release. Neither NPGF, its affiliates, nor their respective employees and agents assume responsibility for any errors, omissions, or inaccuracies that may occur.
Key Financial Achievements
In the third quarter of 2024, NPGF recorded several significant financial achievements, including:
• Revenue Growth: As of the end of September 2024, the Company recorded revenue of IDR 100.77 billion, marking a substantial increase of IDR 81.17 billion compared to the revenue of IDR 19.60 billion at the end of September 2023. This achievement was primarily driven by increased demand for the Company’s flagship products, such as NPK granular fertilizers, NPK briquettes, and micronutrient fertilizers.
• Operating Profit: The Company’s operating profit as of the end of September 2024 reached IDR 8.36 billion, reflecting a significant growth of 145.28% or IDR 26.82 billion compared to the same period last year, when the Company recorded an operating loss of IDR 18.46 billion.
• EBITDA: The Company recorded an EBITDA of IDR 10.40 billion, marking a growth of 94.32% compared to EBITDA in the second quarter of 2024. This achievement reflects a solid financial position supporting the Company’s long-term growth initiatives.
• Net Profit: The Company successfully recorded a net profit of IDR 3.37 billion, representing a significant increase of 2.17 times compared to the net profit in the second quarter of 2024, which was IDR 1.06 billion.
Growth Supporting Factors
The Company has successfully strengthened its market position through various strategies, including:
• Market Diversification: NPGF has expanded its market reach, targeting not only the corporate segment but also the retail segment, aiming to reach a broader customer base and increase product accessibility. The Company is now actively entering the retail market, offering products tailored to the needs of individual farmers and end consumers, thereby enhancing its position within the agriculture industry as a whole.
• Operational Efficiency: The implementation of new technology and supply chain optimization has become a key factor in reducing production costs, contributing to increased operating profit.
• Commitment to Sustainability: NPGF is also committed to adopting sustainable practices.
Projection and Strategic Plan
The Company's fiscal target for 2024 is to increase revenue by 187% compared to the previous year. As we approach the final quarter of 2024, NPGF remains optimistic about further enhancing performance by focusing on market expansion and strengthening relationships with key customers. The Company plans to increase production capacity at several main facilities and expand its distribution network across Indonesia.
About PT Nusa Palapa Gemilang Tbk
The Company has been operating since 2001, specializing in the production, marketing, and trading of compound fertilizers with primary macro-nutrient content. In 2023, PT Nusa Palapa Gemilang Tbk began producing NPK fertilizers using the dry granulation system. NPGF was listed as a public company on the Indonesia Stock Exchange on April 14, 2021. With years of experience and a dedication to innovation, the Company remains committed to delivering the best products and services to its customers.
For further information, please contact:
Corporate Secretary
T +6231 8485665 | F +6231 8495095
corporatesecretary@ptnpg.com
www.ptnpg.com
This press release was prepared by PT Nusa Palapa Gemilang Tbk. ("NPGF") and is intended purely for general informational purposes. It does not imply a recommendation for NPGF shares. NPGF assumes no responsibility for any repercussions resulting from reliance on all or any part of the contents of this press release. Neither NPGF, its affiliates, nor their respective employees and agents assume responsibility for any errors, omissions, or inaccuracies that may occur.
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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