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

Title
Fajar Quarterly Highlight Q1 2025
1 20 downloads
2025 March 31, 2025

    2024

    Title
    Fajar Quarterly Highlight Q1 2024
    1 93 downloads
    2024 March 31, 2024
    Fajar Quarterly Highlight Q2 2024
    1 59 downloads
    2024 June 30, 2024
    Fajar Quarterly Highlight Q3 2024
    1 44 downloads
    2024 September 30, 2024
    Fajar Quarterly Highlight Q4 2024
    1 18 downloads
    2024 December 31, 2024

      2023

      Title
      Fajar Quarterly Highlight Q1 2023
      1 60 downloads
      2023 March 31, 2023
      Fajar Quarterly Highlight Q2 2023
      1 79 downloads
      2023 June 30, 2023
      Fajar Quarterly Highlight Q3 2023
      1 60 downloads
      2023 September 30, 2023
      Fajar Quarterly Highlight Q4 2023
      1 53 downloads
      2023 December 31, 2023

        2022

        Title
        Fajar Quarterly Highlight Q1 2022
        1 61 downloads
        2022 March 31, 2022
        Fajar Quarterly Highlight Q2 2022
        1 47 downloads
        2022 June 30, 2022
        Fajar Quarterly Highlight Q3 2022
        1 47 downloads
        2022 September 30, 2022
        Fajar Quarterly Highlight Q4 2022
        1 73 downloads
        2022 December 31, 2022

          2021

          Title
          Fajar Quarterly Highlight Q1 2021
          1 134 downloads
          2021 March 31, 2021
          Fajar Quarterly Highlight Q2 2021
          1 43 downloads
          2021 June 30, 2021
          Fajar Quarterly Highlight Q3 2021
          1 61 downloads
          2021 September 30, 2021
          Fajar Quarterly Highlight Q4 2021
          1 54 downloads
          2021 December 31, 2021

            2020

            Title
            Fajar Quarterly Highlight Q1 2020
            1 42 downloads
            2020 March 31, 2020
            Fajar Quarterly Highlight Q2 2020
            1 31 downloads
            2020 June 30, 2020
            Fajar Quarterly Highlight Q3 2020
            1 34 downloads
            2020 September 30, 2020
            Fajar Quarterly Highlight Q4 2020
            1 45 downloads
            2020 December 31, 2020