Jakarta, July 31, 2025 – Amid a 2.5% contraction in Indonesia’s domestic cement market during the first half of 2025 compared to the same period last year, PT Cemindo Gemilang Tbk performance continued to deliver growth – demonstrating its resilience and the effectiveness of its business strategies.

Sustaining Positive Momentum in a Contracting Market
The national cement sector continued to face significant challenges in the first half of 2025, including a slowdown in infrastructure activity, pressure on consumer purchasing power in the retail segment, and ongoing uncertainty from global geopolitical dynamics such as trade tensions and regional conflicts. Despite these market pressures, Cemindo sustained a solid performance, reflecting its strategic discipline and market agility.
Growth has been supported by targeted marketing strategies and strengthened distribution networks across key regions such as Java and Sumatra. The bag cement segment recorded notable growth, driven by deeper penetration into high-demand areas. Cemindo also increased its export sales through a focused approach that included developing strategic partnerships and expanding into new markets.

Financial and Operational Highlights
Consolidated revenue saw a slight decline, primarily due to softer performance from the Company’s Vietnam subsidiary and other subsidiaries affected by the market dynamics. However, the core cement business in Indonesia continued to grow, supported by increased sales volume in both domestic and export markets.
While volume growth remained positive, average selling prices continued to face pressure amid a domestic market that has yet to fully recover. Operationally, Cemindo remained focused on cost-efficiency initiatives through supply chain optimization, internal logistics infrastructure—including terminals and packing plants—and improved distribution planning.
The Company continued to realize the benefits of its strategic market and cost initiatives— along with the early-2025 loan consolidation and ongoing debt reduction—which contributed to year-on-year profitability improvement trend in the first half of 2025.

Advancing with Optimism in the Second Half of 2025
Cemindo has maintained growth despite a slowing market. This reflects the Company’s competitiveness and clear strategic direction. Macroeconomic conditions are beginning to stabilize, supported by government fiscal and monetary policies and ongoing infrastructure programs. As a result, the Company sees continued opportunities for growth. With a strong focus on operational excellence and high-potential markets, Cemindo is confident in delivering solid performance through the rest of 2025.

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