InfoSAWIT, JAKARTA — PT Sawit Sumbermas Sarana Tbk (SSMS) has finalized a major acquisition long in the making. On 24 November 2025, the company completed its purchase of 98,328 shares of PT Sawit Mandiri Lestari (SML) from parent company PT Citra Borneo Indah (CBI) for Rp 1.6 trillion—one of SSMS’ largest deals in recent years.

SSMS President Director Jap Hartono said the transaction falls under affiliated-party rules since CBI holds 62.30% of SSMS shares. “This acquisition aligns with SSMS’ expansion and sustainability strategies and is supported by healthy fundamentals and strong expansion plans,” he said.

The purchase was financed through syndicated banking loans under a credit agreement signed on 18 November 2025. SSMS secured up to Rp 5.2 trillion from a consortium led by Bank Rakyat Indonesia (BRI).

The funds will be used for refinancing, plantation development, infrastructure investment, sustainability programs, and working capital—beyond the acquisition of SML.

SSMS’ confidence also stems from improving financial performance. As of 30 September 2025, net profit reached Rp 1 trillion—up from Rp 609.3 billion in 2024. Earnings per share rose to Rp 105.40, reflecting strong efficiency and operations.

The company has also strengthened its organization, including appointing a Chief Sustainability Officer (CSO) to reinforce ESG integration.

The acquisition solidifies SSMS’ upstream supply chain in Central Kalimantan, its primary operational hub. “This corporate action strengthens SSMS’ supply chain and operational efficiency in line with our long-term expansion strategy,” Jap said. (T2)