InfoSAWIT, JAKARTA – Despite the challenges posed by the global economy affecting the palm oil and timber sectors, PT Dharma Satya Nusantara Tbk (DSNG) successfully closed its 2024 fiscal year with positive growth. This was announced during the Annual General Meeting of Shareholders (AGMS) held at Harris Hotel & Conventions in Kelapa Gading, Jakarta, on Thursday.
The AGMS was attended by the entire Board of Directors and Board of Commissioners, both in-person and virtually. A total of 9.96 billion shares were represented at the meeting, accounting for approximately 94.03% of the company’s total issued shares. The meeting was chaired by DSNG's President Commissioner, Adi Resanata Somadi Halim.
A key decision made during the AGMS was the approval of a cash dividend distribution amounting to Rp 254 billion, equivalent to Rp 24 per share. This decision received unanimous approval from shareholders.
In his presentation, DSNG's President Director, Andrianto Oetomo, emphasized that 2024 was a challenging year. "We faced pressures from export markets, sustainability demands, domestic political dynamics, and the impacts of climate change such as El Niño. However, DSNG remains committed to maintaining business stability and delivering value to stakeholders," he stated in an official release by InfoSAWIT on Friday (June 6, 2025).
To address these challenges, DSNG has adopted a strategy divided into two approaches: Exploitation and Exploration. The Exploitation approach focuses on strengthening core business through operational efficiency, while the Exploration approach seeks new opportunities aligned with the company's sustainability vision. Ongoing initiatives include a plantation rejuvenation program and the development of biomass products from agricultural waste.
In terms of performance, DSNG reported revenues of Rp 10.12 trillion in 2024, a 6.5% increase compared to the previous year. This growth was supported by a 12.3% rise in the average selling price of Crude Palm Oil (CPO). However, CPO production volume decreased by 9% year-on-year to 602,000 tons, primarily due to the lingering effects of El Niño felt through the first quarter of 2024.
The palm oil segment remains the main contributor, accounting for 87% of the company’s total revenue. In addition to the dividend distribution, the AGMS also approved the annual report and the supervisory report from the Board of Commissioners for the fiscal year ending December 31, 2024.
With a combination of adaptive business strategies and a commitment to sustainability, DSNG is optimistic about facing the coming years, even as external pressures are expected to persist. (T2)
