PT Malindo Feedmill Tbk. (MAIN) held Annual General Meeting of Shareholders (AGM) for Fiscal Year 2024 in Jakarta, May 22, 2025. The meeting, which was held in a hybrid manner, was attended by the Director of Malindo, notaries, public accountants, Securities Administration Bureau and shareholders. After the AGM, it was continued with an online public expose attended by journalists.

In the public expose, Rudy Hartono Husin, Director of PT Malindo Feedmill Tbk, said that the net profit in the current year 2024 was IDR 488.02 trillion, an increase of 672.5% compared to 2023, which was IDR 63.1 billion.

Meanwhile, net sales in 2024 were IDR 12.5 trillion, an increase of 3.7% or IDR 444.8 billion compared to 2023, which was IDR 12.1 trillion.

This increase was mainly driven by an increase in broiler chicken sales of 13.4% or IDR271.5 billion, an increase in day-old chick/duckling sales of 21.9% or IDR365.5 billion, processed food sales of 10.7% or IDR12.5 billion, and an increase in other sales of 28.9% or IDR114.9 billion. Malindo will also distribute dividends of IDR65 per share to shareholders or a total of IDR145 billion.

Meanwhile, Rewin Hanrahan, Director of PT Malindo Feedmill Tbk, said that Malindo is currently still working on the export market, where after exporting processed products to Japan in 2020, it will be followed by exports to Singapore in 2023 and to Oman in 2025. He is optimistic that the Middle East export market is still potential where in July Malindo will realize the next export of processed products to the United Arab Emirates.