Cemindo Reports Strong Operating Profit Growth Demonstrating Resilience Amid Market Headwinds
Friday, 31 October 2025
Jakarta, October 31, 2025 – Despite a 2.4% contraction in Indonesia’s cement market throughout YTD September 2025, PT Cemindo Gemilang Tbk (“Cemindo”) once again demonstrated its strong competitive position and operational discipline. The Company recorded a significantly higher consolidated operating profit compared to the same period last year — a testament to Cemindo’s effective execution and its resilience amid a challenging market environment.
Sustained Growth Through Market Volatility
During the first nine months of 2025, the domestic cement industry continued to face headwinds from slowing infrastructure projects, weaker retail demand, and persistent global uncertainty. Nevertheless, Cemindo successfully sustained its growth trajectory, supported by focused marketing execution, improved distribution efficiency, and stronger performance across its key markets in Java and Sumatra, where retail demand has remained relatively stable.
The bag cement segment delivered notable growth through deeper market penetration in high-potential regions, while the bulk cement segment maintained solid performance through strategic collaboration with private-sector construction partners. Meanwhile, Cemindo’s export business continued to strengthen, driven by expanding long-term partnerships and increasing shipment volumes across international markets.
Strong Financial and Operational Performance
Consolidated revenue for the first nine months of 2025 remained stable, with the primary contribution coming from the cement business in Indonesia. Effective execution of strategic initiatives and continued operational improvements led to a substantial increase in operating profit and supported overall growth in consolidated performance. This mainly driven by domestic sales in Indonesia that continued to outperform the overall industry contraction.
The strong results were further underpinned by ongoing supply chain optimization, higher utilization of internal logistics infrastructure such as terminals and packing plants, as well as improved distribution planning and energy efficiency. Meanwhile, several subsidiaries continued to face market pressures, including the operations in Vietnam, which were impacted by lower domestic prices. Nonetheless, sales volumes in Vietnam increased, reflecting a gradual recovery in the country’s cement sector.
Optimistic Outlook Toward Year-End
The strong performance throughout the year 2025 underscores Cemindo’s adaptability and competitiveness amid an evolving industry landscape. The Company’s consistent execution reflects the strength of its strategy across both domestic and international markets.
With improving macroeconomic stability, supportive fiscal and monetary policies, and continued infrastructure development, Cemindo sees ample opportunities for growth through the remainder of 2025. Backed by its commitment to operational excellence, cost discipline, and market expansion in high-growth regions, Cemindo remains confident in delivering stronger results toward year-end and reinforcing its long-term growth foundation.
