BUMN Food Id’s Rp 7.4 Trillion Debt
- Jakarta - ID Food,also known as PT Rajawali nusantara Indonesia (Persero),is addressing concerns regarding its debt,which has been a focal point for the House of Representatives Commission VI.
- according to Indriati, ID food's debt decreased from Rp 8.16 trillion in 2023 to Rp 7.8 trillion in 2024, and further to Rp 7.4 trillion by February 2025.
- Thru efforts in 2024 and up to February of this year, we managed to reduce it.
ID Food Addresses Debt Concerns, Reports Asset and Revenue Growth
Table of Contents
Company aims to reduce debt while showing positive financial trends.
Jakarta – ID Food,also known as PT Rajawali nusantara Indonesia (Persero),is addressing concerns regarding its debt,which has been a focal point for the House of Representatives Commission VI. Susana Indah kris indriati, Director of Finance and Strategy, discussed the company’s financial status.
according to Indriati, ID food’s debt decreased from Rp 8.16 trillion in 2023 to Rp 7.8 trillion in 2024, and further to Rp 7.4 trillion by February 2025.
“Debt was around Rp 8.16 trillion in 2023. Thru efforts in 2024 and up to February of this year, we managed to reduce it. From Rp 8 trillion, it went down to around Rp 7.8 trillion in 2024,” Indriati stated.
The company views resolving the debt issue as a priority. Indriati explained that the interest payments associated with the debt are impacting the company’s overall performance.
“This is our main focus, how we try to promptly lower debt to the bank, because the interest will continue to burden us,” Indriati said.
Despite the debt, ID Food reported positive financial developments in other areas. The company’s assets grew by 11% to Rp 32.3 trillion in 2024, compared to Rp 29.97 trillion in 2023. Equity also increased by 3% to Rp 16.4 trillion in 2024, up from Rp 15.8 trillion the previous year.
Revenue also saw a significant increase, reaching Rp 18.3 trillion last year, a 20% rise compared to the Rp 15.2 trillion recorded in 2023. However, net income declined to Rp 92 billion in 2024 from Rp 234 billion in 2023.
“The net income that we are booking has decreased. In 2023, we recorded Rp 234 billion, but in 2024, based on unaudited figures, it is Rp 92 billion,” Indriati explained.
Indriati attributed the decline in profits to the debt restructuring process (PKPU) experienced by its subsidiary, PT Rajawali Nusindo, which she identified as a significant contributor to ID Food’s overall performance.
ID Food’s Financial Performance: Addressing Debt and Driving Growth
analyzing Debt Reduction, Asset Growth, and Revenue Increases
Key Financial Questions and Answers
This article examines the financial performance of ID Food, also known as PT Rajawali Nusantara Indonesia (Persero). We’ll delve into its debt management strategies, asset growth, revenue generation, and the challenges the company faces.
What is ID Food’s main financial concern?
ID Food’s primary financial concern is its debt. According to Susana Indah Kris indriati, the Director of finance and Strategy, the company is prioritizing efforts to reduce its debt burden.
How has ID Food managed its debt?
ID Food has actively worked to reduce its debt.Here’s a breakdown:
- 2023 Debt: Approximately Rp 8.16 trillion
- 2024 Debt: Reduced to approximately Rp 7.8 trillion
- February 2025 Debt: Further reduced to approximately Rp 7.4 trillion
The company recognizes that high interest payments associated with the debt negatively impact its overall performance, and decreasing its debt is a key focus.
What positive financial developments has ID Food experienced?
Despite the debt challenges, ID Food has seen significant growth in other financial areas:
- Assets: Increased by 11% to Rp 32.3 trillion in 2024, compared to Rp 29.97 trillion in 2023.
- Equity: Rose by 3% to Rp 16.4 trillion in 2024, up from Rp 15.8 trillion in 2023.
- Revenue: Increased by 20% to Rp 18.3 trillion in 2024, compared to Rp 15.2 trillion in 2023.
why has ID Food’s net income decreased?
While revenue increased, net income declined due to factors including debt restructuring and interest payments:
- 2023 Net Income: Rp 234 billion
- 2024 Net Income (Unaudited): Rp 92 billion
the decline in profits is attributed to the debt restructuring process (PKPU) experienced by its subsidiary, PT Rajawali Nusindo, impacting the overall financial performance of ID Food.
Summary of ID Food’s Financial Performance (2023-2024)
| Financial Metric | 2023 (Rp Trillion) | 2024 (Rp Trillion) | Change |
|---|---|---|---|
| Debt | 8.16 | 7.8 | Decrease |
| Assets | 29.97 | 32.3 | 11% increase |
| Equity | 15.8 | 16.4 | 3% Increase |
| Revenue | 15.2 | 18.3 | 20% Increase |
| Net Income (Billion) | 234 | 92 | Decrease |
Source: Company Financial reports