Jakarta, June 16, 2025 – PT Diamond Food Indonesia Tbk (“DMND” or “Diamond” or the “Company”) held an Annual General Meeting of Shareholders on June 13, 2025 (the “Meeting”). At the Meeting, the Board of Directors of DMND presented the Company’s operational and financial performance for 2024 and discussed the routine agenda. The Shareholders approved the distribution of cash dividends and changes in the composition of the Company’s management.
Overview of the Company’s Operational and Financial Performance
DMND's operational performance throughout 2024 was influenced by various global issues, such as the escalation of conflict in the Middle East, the Russia-Ukraine war, and increasing geopolitical tensions in the South China Sea. Although Indonesia's macroeconomic indicators remained generally positive, external challenges and structural weaknesses contributed to slower-than-expected economic performance. Amid global uncertainty, the Company observed a slight increase in consumer caution, with priorities shifting toward basic necessities and affordable products. As a result, most consumer goods companies in Indonesia, including DMND, experienced slower growth in 2024 compared to the previous year, although the industry still outperformed other sectors. In 2024, the Company pursued two strategic directions to drive growth: strengthening Diamond's position in a competitive market and enhancing operational efficiency. The Company’s growth outlook for the upcoming year is based on comprehensive analysis of available data, including internal research, economic indicators, emerging trends, and industry forecasts. The global economic outlook for 2025 remains largely unchanged, with the IMF projecting 3.3% growth. Domestic prospects are more promising. The Government has set a GDP growth target of 5.2% in 2025, while Bank Indonesia estimates growth between 4.7% and 5.5%, driven mainly by domestic consumption and investment. In response, the Company continues to drive innovation and digital transformation to adapt more effectively to consumer needs and market dynamics,” said Philip Min Lih Chen, President Director of DMND.
For the fiscal year ending December 31, 2024, the Company’s profit was recorded at IDR363.73 billion, representing an increase of 14% or IDR44.65 billion compared to IDR319.08 billion in 2023. Total assets stood at IDR 7.45 trillion, a 4% increase or IDR287.22 billion compared to IDR 7.17 trillion as of December 31, 2023. This increase was driven by an increase in non-current assets resulting from the acquisition of fixed assets. The Company’s total liabilities amounted to IDR1.25 trillion, a 6.4% decrease or IDR85.5 billion compared to IDR1.34 trillion as of December 31, 2023, due to a reduction in trade and non-trade payables. The Company’s total equity as of December 31, 2024, was IDR6.20 trillion, an increase of 6.4% or IDR 372.725 billion compared to IDR5.83 trillion in the period of December 31, 2023, attributed to the comprehensive income recorded in 2024.
DMND Cash Dividend Distribution
At the Meeting, shareholders approved the distribution of cash dividends totaling IDR66,278,513,000, resulting in a dividend of IDR7 per share. The remaining profit was allocated to the Company’s reserves and retained earnings to support business activities and future development.
Changes in DMND Management
In the 2025 Meeting, the Company announced changes in management composition, with Mr. Troy Parwata appointed as Director and Mrs. Istiani Tatiek Siddharta as Independent Commissioner. The Meeting also approved changes in positions: Dr. Ibrahim Hasan, formerly President Commissioner, was appointed Deputy President Commissioner, and Mr. Chen Tsen Nan, formerly Deputy President Commissioner, was appointed President Commissioner.
Following the Meeting, the Company’s Management structure is as follows:
Board of Commissioners
President Commissioner : Chen Tsen Nan
Deputy President Commissioner: Dr. Ibrahim Hasan
Independent Commissioner : Lim Beng Lin
Independent Commissioner : C. Tedjo Endriyarto
Independent Commissioner : Wu Qianfei
Independent Commissioner : Nakrin Narula
Independent Commissioner : Istini Tatiek Siddharta
Board of Directors
President Director : Philip Min Lih Chen
Director : Ir. Widianto Juwono
Director : Troy Parwata
