Malindo’s net sales reach USD 768m in 2024
Indonesia's Malindo Feedmill has reported USD 768 million in net sales for 2024, a 3.7% increase from 2023.
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Indonesia (Indonesian)
Indonesia’s Malindo Feedmill has reported USD 768 million in net sales for 2024, a 3.7% increase from 2023.
Management of the poultry integrator said the increase was mainly driven by higher sales of:
- Broilers
- DOC and DOD
- Chicken-based processed foods
The company’s gross profit in 2024 increased 63.9% to USD 98 million from the previous year. Meanwhile, profit for the year of 2024 was USD 30 million, a jump of 672.5% from the previous year.
In Q1 2025, however, Malindo booked a net sales of USD 195 million or a 2.3% drop. As such, its net profit during the period also dropped to USD 3.86 million. The company attributed this drop to price fluctuation of DOC and broilers during the period.
Challenges and business strategies
Malindo’s management revealed challenges they are facing for their operations this year:
- Global economic crisis which affects consumer’s purchasing power.
- Selling price stability of DOC and broilers.
- Availability and price stability of feed ingredients.
To overcome the challenges, the company has decided to implement the following strategies:
- Improving production efficiency and saving in each production line and operation.
- Better purchasing management of feed ingredients and adjusting complete feed prices.
- Supporting the government’s efforts in stabilizing the supply and demand of poultry products.
- Increasing sales from export.
Note: currency conversion used – USD 1 = IDR 16.283,20
