Cemindo Delivers Strong First Quarter Results, Positive Outlook for 2025
Wednesday, 30 April 2025
Jakarta, 30 April 2025 — Amid a volatile global landscape shaped by renewed trade tensions, Cemindo delivered a resilient and differentiated performance in the first quarter of 2025. While emerging markets, including Indonesia, navigated macroeconomic headwinds, the Indonesia domestic cement market grew by 1.7% compared to the same period last year. It is supported by a strong increase in bulk cement despite a contraction in bag cement demand.
Strategic Outperformance Across Market Segments
While the industry experienced uneven trends — growth in bulk cement and weakness in bag cement — Cemindo decisively outperformed the market di Indonesia. In the first three months of 2025, Cemindo’s total cement sales volume increased by 11% compared to the same period last year, with growth in both bag and bulk cement volumes significantly outpacing the market. This strong performance reflects the success of Cemindo’s sharpened commercial strategies and focused market penetration efforts in key regions such as Sumatra and Java.
Financial and Operational Highlights
Cemindo’s consolidated revenue remained stable at approximately IDR 2.0 trillion, broadly in line with the same period last year, despite prevailing pricing pressures in Indonesia cement market. Subsidiary contributions were mixed: Chinfon Vietnam recorded a slight softening due to regional market dynamics, while other Indonesian subsidiaries faced muted domestic demand.
Operationally, Cemindo strengthened its cost efficiency by optimizing logistics and distribution, leveraging its packing plants and private terminals in Sumatra to drive a more streamlined delivery network.
Earlier this year, the Company successfully consolidated its existing loans into a more efficient long-term repayment structure. With continuous debt reduction, Cemindo booked lower interest costs in the first quarter of 2025 compared to the same period in 2024, further reinforcing its financial resilience and supporting its sustainable growth initiatives.
Confident Outlook for 2025
Cemindo’s strong first-quarter results are a testament to the Company’s ability not just to ride market momentum, but to outperform with a clear and proven strategy. With a continued focus on operational excellence, deeper market penetration, and strategic agility, Cemindo is well-positioned to sustain growth and create value throughout 2025.
