2025 (Q1)
Short Management Discussion and Analysis
Key movements in Q1/25
Y-on-Y highlights, Q1-2025 against Q1-2024:
- Sales volume has slight decreased by 3%, driven by slower export sales. Domestic sales volume accounted for 79%, up from the prior year’s 74% of total sales.
- Sales revenue has decreased by 2%, primarily driven by a 3% decrease in sales volume.
- Cost of Goods Sold has increased by 0.1%, from higher energy costs.
- The value and margin of EBITDA have decreased, due to domestic market conditions.
- Loss for the period has increased, from higher interest cost.
- Total liabilities and debt have increased by 14% and 16%, respectively, due to new facility agreement.
- Debt/Equity has increased by 61%, due to lower equity which was attributed by the Loss for the period and higher debt due to new facility agreement.
Q-on-Q highlights, Q1-2025 against Q1-2024:
- Sales volume has slight decreased by 3%, driven by slower export sales. Domestic sales volume accounted for 79%, up from the prior quarter’s 74% of total sales.
- Sales revenue has slight decreased by 0.2%, primarily driven by a 3% decrease in sales volume.
- Cost of Goods Sold has decreased by 3%, from higher ending balance finished goods due to production volume increased from prior quarter.
- The value and margin of EBITDA have increased, from lower Cost of Goods Sold.
- Loss for the period has increased, from lower deferred income tax benefits compared to the prior quarter.
- Total liabilities and debt have increased by 6% and 5%, respectively, due to higher working capital requirement from the prior quarter.
- Debt/Equity has increased by 15%, due to lower equity which was attributed by the Loss for the period and higher debt due to working capital requirement.
Notes:
– On 31 March 2025, the Total Debt of IDR 7,821 billion consisted of around USD 62 million and IDR 6,789 billion.
– Cost of Debt (Pre-Tax) has slight decreased in Q1-2025 from previous quarter, from 6.4% (Q3/24), 6.7% (Q4/24), to 6.6% (Q1/25), in light of the current high interest rate.
2025
2024
Title | |||
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Fajar Quarterly Highlight Q1 2024 1 93 downloads |
2024 | March 31, 2024 | Download |
Fajar Quarterly Highlight Q2 2024 1 59 downloads |
2024 | June 30, 2024 | Download |
Fajar Quarterly Highlight Q3 2024 1 44 downloads |
2024 | September 30, 2024 | Download |
Fajar Quarterly Highlight Q4 2024 1 18 downloads |
2024 | December 31, 2024 | Download |
2023
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Fajar Quarterly Highlight Q1 2023 1 60 downloads |
2023 | March 31, 2023 | Download |
Fajar Quarterly Highlight Q2 2023 1 79 downloads |
2023 | June 30, 2023 | Download |
Fajar Quarterly Highlight Q3 2023 1 60 downloads |
2023 | September 30, 2023 | Download |
Fajar Quarterly Highlight Q4 2023 1 53 downloads |
2023 | December 31, 2023 | Download |
2022
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Fajar Quarterly Highlight Q1 2022 1 61 downloads |
2022 | March 31, 2022 | Download |
Fajar Quarterly Highlight Q2 2022 1 47 downloads |
2022 | June 30, 2022 | Download |
Fajar Quarterly Highlight Q3 2022 1 47 downloads |
2022 | September 30, 2022 | Download |
Fajar Quarterly Highlight Q4 2022 1 73 downloads |
2022 | December 31, 2022 | Download |
2021
Title | |||
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Fajar Quarterly Highlight Q1 2021 1 134 downloads |
2021 | March 31, 2021 | Download |
Fajar Quarterly Highlight Q2 2021 1 43 downloads |
2021 | June 30, 2021 | Download |
Fajar Quarterly Highlight Q3 2021 1 61 downloads |
2021 | September 30, 2021 | Download |
Fajar Quarterly Highlight Q4 2021 1 54 downloads |
2021 | December 31, 2021 | Download |
2020
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Fajar Quarterly Highlight Q1 2020 1 42 downloads |
2020 | March 31, 2020 | Download |
Fajar Quarterly Highlight Q2 2020 1 31 downloads |
2020 | June 30, 2020 | Download |
Fajar Quarterly Highlight Q3 2020 1 34 downloads |
2020 | September 30, 2020 | Download |
Fajar Quarterly Highlight Q4 2020 1 45 downloads |
2020 | December 31, 2020 | Download |