# PT Malindo Feedmill Tbk (MAIN)

> MAIN · IDX · Consumer staples, animal feed and poultry · Indonesia · SAK · Fiscal year ends December
>
> Latest report: FY2025, the fiscal year ended 31 December 2025, its statements approved by the board on 31 March 2026. Snapshot FY2025_36f44c87.

Page: https://annalist.io/company/malindo-feedmill/

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, fiscal year | Rp12.69tn | 12692871511000 | IDR | +1.5% year on year | FY2025 | 2025-12-31 | Annual report 2025-12 |
| Profit before tax, fiscal year | Rp501bn | 501297014000 | IDR | −21.4% year on year | FY2025 | 2025-12-31 | Annual report 2025-12 |
| Net income, fiscal year | Rp394bn | 393615777000 | IDR | −19.3% year on year | FY2025 | 2025-12-31 | Annual report 2025-12 |
| Diluted EPS, fiscal year | Rp176.00 | 176 | IDR/shares | −19.3% year on year | FY2025 | 2025-12-31 | Annual report 2025-12 |
| Pre-tax margin, fiscal year | 3.9% | 3.9494 | % | −1.2pp year on year | FY2025 | 2025-12-31 | Annual report 2025-12 |
| Return on equity, fiscal year | 14.3% | 14.2725 | % | −6.2pp year on year | FY2025 | 2025-12-31 | Annual report 2025-12 |

- Pre-tax margin: Income before income taxes / revenue.
- Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the fiscal year ended 31 December 2025 was Rp12.69 trillion, 1.5% higher than in the previous fiscal year. [Weakened in FY2025] Sources: Annual report 2025-12.
- Net income attributable to the company for fiscal 2025 was Rp393.6 billion, 19.3% lower than in the previous fiscal year. [New in FY2025] Sources: Annual report 2025-12.
- Return on equity for fiscal 2025 was 14.3%, against 20.4% a year earlier. [New in FY2025] Sources: Annual report 2025-12, Annual report 2024-12.
- Free cash flow for fiscal 2025 was Rp331.4 billion, and operating cash flow was 1.8 times net income attributable to the company. [Weakened in FY2025] Sources: Annual report 2025-12.
- Net debt was Rp1.27 trillion at 31 December 2025. [Weakened in FY2025] Sources: Annual report 2025-12.
- Cash, short-term investments and operating cash flow for fiscal 2025 equalled 0.8 times the sum of debt due within 12 months, capital expenditure and dividends. [New in FY2025] Sources: Annual report 2025-12.
- Operating cash flow for fiscal 2025 exceeded net income attributable to the company by an amount equal to 5.8% of average total assets. [Weakened in FY2025] Sources: Annual report 2025-12.
- The Altman Z'' score for fiscal 2025 was 4.44, above the safe threshold of 2.60. [Weakened in FY2025] Sources: Annual report 2025-12.
- The Beneish M-score for fiscal 2025 was minus 2.72, below the model threshold of minus 1.78. [Weakened in FY2025] Sources: Annual report 2025-12.
- The Piotroski F-score for fiscal 2025 was 6 of 9. The 3 signals not met were return on assets higher than a year earlier, current ratio higher than a year earlier and margin higher than a year earlier. [New in FY2025] Sources: Annual report 2024-12, Annual report 2025-12.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2025 | 2025-12-31 | Revenue | Rp12.69tn | 12692871511000 | IDR | Annual report 2025-12 |
| FY2025 | 2025-12-31 | Profit attributable to owners of the parent | Rp394bn | 393615777000 | IDR | Annual report 2025-12 |
| FY2024 | 2024-12-31 | Revenue | Rp12.50tn | 12502826561000 | IDR | Annual report 2025-12 |
| FY2024 | 2024-12-31 | Profit attributable to owners of the parent | Rp488bn | 488029417000 | IDR | Annual report 2025-12 |
| FY2023 | 2023-12-31 | Revenue | Rp12.06tn | 12058023085000 | IDR | Annual report 2024-12 |
| FY2023 | 2023-12-31 | Profit attributable to owners of the parent | Rp63.4bn | 63373085000 | IDR | Annual report 2024-12 |
| FY2022 | 2022-12-31 | Revenue | Rp11.10tn | 11101647275000 | IDR | Annual report 2023-12 |
| FY2022 | 2022-12-31 | Profit attributable to owners of the parent | Rp26.2bn | 26239995000 | IDR | Annual report 2023-12 |
| FY2021 | 2021-12-31 | Revenue | Rp9.13tn | 9130618395000 | IDR | Annual report 2022-12 |
| FY2021 | 2021-12-31 | Profit attributable to owners of the parent | Rp60.4bn | 60376085000 | IDR | Annual report 2022-12 |

## Source Documents

- Annual report 2025-12: Annual report for the year to 31 December 2025, 31 Mar 2026, the date on which the board approved the statements (https://www.malindofeedmill.com/wp-content/uploads/2026/03/FS-Malindo-Consolidation-Audited-25.pdf)
- Annual report 2024-12: Annual report for the year to 31 December 2024, 28 Mar 2025, the date on which the board approved the statements (https://www.malindofeedmill.com/wp-content/uploads/2025/04/FS-Malindo-Consolidation-Audited-24.pdf)
- Annual report 2023-12: Annual report for the year to 31 December 2023, 28 Mar 2024, the date on which the board approved the statements (https://www.malindofeedmill.com/wp-content/uploads/2024/07/FS-Malindo-Consolidation-Audited-23.pdf)
- Annual report 2022-12: Annual report for the year to 31 December 2022, 31 Mar 2023, the date on which the board approved the statements (https://www.malindofeedmill.com/wp-content/uploads/2024/07/FS-Malindo-Consolidation-Audited-22.pdf)

## Reliability

- 484 checks compare these figures with other official figures; 0 failed.
- 0 values are withheld because the filings do not prove them; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/malindo-feedmill/snapshots.json

## Cite

Annalist, PT Malindo Feedmill Tbk, snapshot malindo-feedmill/FY2025_36f44c87; <item>, <period>; source <document>. Link the page https://annalist.io/company/malindo-feedmill/ and the source document of the figure.

A figure of a statement has an address of its own, which opens the page at that figure with its source documents: https://annalist.io/company/malindo-feedmill/?fig=<statement>/<period>/<item>, for example https://annalist.io/company/malindo-feedmill/?fig=pl_annual/FY2025/revenue

## Full Data

- [Every statement, ratio and document of this snapshot (JSON)](https://annalist.io/api/v1/companies/malindo-feedmill/snapshots/FY2025_36f44c87/info.json)
- [Latest snapshot, at an address that does not change (JSON)](https://annalist.io/api/v1/companies/malindo-feedmill/latest.json)
- [Income statement, annual (CSV)](https://annalist.io/api/v1/companies/malindo-feedmill/snapshots/FY2025_36f44c87/pl_annual.csv)
- [Balance sheet, year end (CSV)](https://annalist.io/api/v1/companies/malindo-feedmill/snapshots/FY2025_36f44c87/balance_sheet.csv)
- [Cash flow, annual (CSV)](https://annalist.io/api/v1/companies/malindo-feedmill/snapshots/FY2025_36f44c87/cf_annual.csv)
- [Ratios, annual (JSON)](https://annalist.io/api/v1/companies/malindo-feedmill/snapshots/FY2025_36f44c87/ratios/annual.json)
- [Key findings with their history (JSON)](https://annalist.io/api/v1/companies/malindo-feedmill/findings.json)
- [New reports and findings (Atom feed)](https://annalist.io/company/malindo-feedmill/feed.xml)
- [Excel workbook](https://annalist.io/company/malindo-feedmill/malindo-feedmill.xlsx)
- [Buyout model on these figures](https://annalist.io/deal-lab/buyout/malindo-feedmill/)
- [Lenders, customers, suppliers and owners (brief in Markdown)](https://annalist.io/atlas/malindo-feedmill/brief.md)
- [Lenders, customers, suppliers and owners (JSON)](https://annalist.io/api/v1/atlas/malindo-feedmill.json)

## Peers

- [PT Japfa Comfeed Indonesia Tbk](https://annalist.io/company/japfa/brief.md)
- [Altria Group, Inc.](https://annalist.io/company/altria/brief.md)
- [Archer-Daniels-Midland Company](https://annalist.io/company/archer-daniels-midland/brief.md)
- [Side by side](https://annalist.io/compare/?c=malindo-feedmill,japfa,altria,archer-daniels-midland)

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Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.