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Menthobi Karyatama (MKTR) Distribute Dividend 35% of Profit 2024, Valued as follows
PT Menthobi Karyatama Raya Tbk (MKTR) will distribute dividends of approximately 35% of its 2024 net profit, amounting to IDR 18.21 billion from a profit of IDR 52.37 billion last year. The amount was approved during the Annual General Meeting of Shareholders (AGMS) for the 2024 fiscal year.
Throughout last year, the company recorded revenue growth of 41.6%, rising to IDR 1 trillion from IDR 710.98 billion in 2023. Operating profit saw a significant increase of 70%, from IDR 62.679 billion in 2023 to IDR 106.386 billion in 2024.
Menthobi Karyatama Finance Director Wawan Sulistyawan explained that the increase in revenue in 2024 was primarily driven by higher 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 increased by 21% and 33.8%, respectively.
“This was due to the full operation in 2024 of the Palm Oil Mill (PKS) owned by our subsidiary PT Khatulistiwa Sinergi Omnidaya (KSO), which was acquired at the end of 2023,” Wawan stated during a public presentation following the AGMS at Wisma Maktour, East Jakarta, on Wednesday (April 30, 2025).
Meanwhile, net profit attributable to the parent entity’s shareholders increased by 1.7% last year, reaching IDR 52.37 billion.
Since last year, the palm oil and derivative products issuer has initiated the development of a Biomass EFB (Empty Fruit Bunch) Pellet production facility, an initiative aimed at creating an environmentally friendly alternative fuel using palm oil empty fruit bunches (EFB) as raw material.
The company is currently in the initial construction phase of its new Biomass EFB Pellet production facility, which is scheduled to begin operations or commissioning by the end of 2025. This follows the establishment of a pellet mini-plant with a daily production capacity of 2 tons in 2024.
“From the limited production last year, Menthobi Karyatama was able to produce high-quality Biomass EFB Pellets with high calorific value and low levels of potassium and chlorine, making them safe for industrial fuel use, particularly for coal-fired power plants (PLTU),” Wawan explained.
The use of Biomass EFB Pellets made from the company’s EFB feedstock, particularly for PLTUs, is expected to increase the share of New and Renewable Energy (NRE). This initiative also supports PLN’s target to convert 52 coal-fired power plants to co-firing with biomass starting in 2025.
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