Tok! MKTR's AGMS confirmed dividend distribution of Rp18.21 billion

PT Menthobi Karyatama Raya Tbk (MKTR) Holds Annual General Meeting of Shareholders for Fiscal Year 2024, Approves Dividend Distribution

PT Menthobi Karyatama Raya Tbk (MKTR) held its Annual General Meeting of Shareholders (AGMS) for the 2024 fiscal year at the Maktour Building, Jakarta, on Wednesday, April 30, 2025.

One of the key agenda items was the shareholders’ approval of a dividend distribution totaling IDR 18.21 billion, equivalent to 35% of the company’s net profit for the 2024 fiscal year.

For reference, throughout 2024, MKTR recorded revenue growth of 41.6% to IDR 1.006 trillion, compared to IDR 710.98 billion in 2023. Operating profit also grew significantly by 70%, rising from IDR 62.679 billion in 2023 to IDR 106.386 billion in 2024.

Net profit for 2024 reached IDR 52.2 billion, marking a 1.7% increase from the previous year's net profit of IDR 51.3 billion.

MKTR’s Finance Director, Wawan Sulistyawan, stated that the company’s revenue growth in 2024 was primarily driven by a significant increase in the selling prices of Crude Palm Oil (CPO) and Palm Kernel (PK), which rose by 18.3% and 24.3%, respectively. Additionally, production volumes of CPO and PK also rose by 21% and 33.8%, respectively.

“This growth was largely due to the full-year operations of our subsidiary’s Palm Oil Mill (POM), PT Khatulistiwa Sinergi Omnidaya (KSO), which was acquired at the end of 2023,” he explained.

Previously, MKTR President Director Harry M. Nadir stated that, in addition to innovation, the company would also focus on asset optimization as a key driver for business performance growth in 2025.

One such initiative is the full operation of the Kernel Crushing Plant (KCP) facility, which is set to begin this year following its inauguration in the second half of 2024.

According to Harry, the KCP facility will process palm kernels into Crude Palm Kernel Oil (CPKO), a high-value product. The production process will run 24 hours a day and is targeted to yield 7,400 tons of CPKO in 2025.

Beyond its existing productive plantation areas managed through its subsidiary, PT Menthobi Makmur Lestari (MMaL), MKTR also sees the potential to begin planting in new areas in 2025, as part of its commitment to sustainable plantation practices.

“The Company has established a series of integrated strategies to strengthen its business fundamentals over the short, medium, and long term. Our main focus remains on asset optimization, product innovation, and sustainable agribusiness expansion to achieve consistent and competitive business growth,” Harry emphasized.

Short-term strategies for 2025 include asset optimization and production increases, starting with maximizing KCP throughput.

“In this regard, MKTR will optimize the utility of the Kernel Crushing Plant (KCP) to boost the production of Crude Palm Kernel Oil (CPKO) and palm kernel cake, thereby enhancing the margin contribution from palm oil derivative products,” he added.

Second, the acceleration of GreenGrow organic fertilizer sales. With the acquisition of the Domestic Component Level (TKDN) certification, GreenGrow is now part of the national strategic food security program, enabling it to expand market access and strengthen its position as a sustainable agricultural solution.

Third, asset operational efficiency. This will be achieved by enhancing integration across plantation operations, CPO milling, and waste management processes to support increased operating profit margins.

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