Sampoerna Agro Stock Soars After Acquisition?

Sampoerna Group’s Footprint Officially Leaves IDX After Divesting SGRO

JAKARTA – Shares of palm oil issuer PT Sampoerna Agro Tbk. (SGRO) witnessed a significant uplift following the Sampoerna Group’s strategic decision to transfer its ownership to AGPA Pte. Ltd., a subsidiary of POSCO International Corporation. This move has garnered considerable attention in the market and beyond.

According to data from RTI Infokom, SGRO shares climbed an impressive 2.08% to Rp7,375 by 2:34 PM on Thursday, November 20, 2025. This latest surge contributes to an astonishing year-to-date performance, with the stock price rocketing 250.71% since the beginning of the year. The catalyst for this robust market reaction was the announcement by Sampoerna Group, through Twinwood Family Holdings Limited, regarding the sale of its entire 65.721% stake in PT Sampoerna Agro Tbk (SGRO) to AGPA Pte. Ltd. Despite this divestment, the Sampoerna Group reaffirmed its unwavering commitment to contribute to Indonesia’s economy through its existing diverse business lines, while also actively exploring new opportunities aligned with evolving business needs and developments.

Bambang Sulistyo, President Director of Sampoerna Group, expressed his profound gratitude for finding a new home for SGRO. “We are confident that the new owner will provide a nurturing environment for our employees and steer SGRO towards even greater business growth prospects in the future,” he stated in a written release issued in Jakarta on Thursday, November 20, 2025. This sentiment underscores the strategic intent behind the sale, aiming for long-term prosperity for the company and its workforce.

Bambang further highlighted the enduring strong investor interest in Indonesia’s vibrant palm oil industry. Among numerous potential buyers, POSCO International was identified as the most suitable successor to continue SGRO’s positive performance trajectory. Its extensive experience and steadfast commitment to the Indonesian palm oil sector are expected to deliver substantial added value for all stakeholders involved. He extended his appreciation to all parties who contributed to the successful completion of this significant transaction. “We thank everyone involved and POSCO International for becoming the new home for SGRO, which is poised to grow significantly going forward. This also presents a timely opportunity for us to re-focus our resources on our current core business lines and actively explore other promising sectors within Indonesia,” Bambang added, outlining the group’s forward-looking strategy.

POSCO International is a globally recognized company originating from South Korea, operating under the umbrella of POSCO Group. Its expansive business portfolio spans various critical sectors including international trade, energy, steel manufacturing, and agribusiness. In Indonesia, POSCO Group has established a strong presence through strategic involvements in several key sectors, notably PT Krakatau POSCO in Cilegon, and energy partnerships through the Pertamina Hulu Energi North East Java consortium. These existing ventures demonstrate a deep understanding and commitment to the Indonesian economic landscape.

Within the palm oil industry specifically, POSCO International has been an active player in Indonesia since 2011, primarily through PT Bio Inti Agrindo located in South Papua. This entity currently operates three sophisticated palm oil processing plants, boasting a combined annual production capacity of 210,000 tons. Further solidifying its presence, POSCO International also owns and operates a state-of-the-art palm oil refining facility in Balikpapan, East Kalimantan, capable of processing an impressive 500,000 tons per year. These assets underscore their significant operational capabilities and dedication to the sector.

SGRO itself demonstrated remarkably robust performance in the first half of 2025. The net profit attributable to the parent entity surged by an outstanding 236.06% year-on-year, while sales figures simultaneously increased by a healthy 45.18%. This exceptional growth mirrors the broader strength of the national palm oil industry, which proudly accounts for approximately 60% of global production. Furthermore, Indonesia’s crude palm oil (CPO) exports contribute nearly 50% of the world’s total, cementing the country’s pivotal role in the global market.

Bambang emphasized that the Sampoerna Group will continue to play an instrumental role in the Indonesian economy through its diverse portfolio of businesses. These include PT Bank Sahabat Sampoerna, Sampoerna Kayoe, PT Sampoerna Land, and the Putera Sampoerna Foundation, all of which represent significant contributions to various sectors and communities across the nation.

“Leveraging the immense economic growth potential that our country possesses, we remain steadfastly focused on our current strategic business lines while diligently assessing new, promising opportunities to continue our meaningful contributions to the Indonesian economy,” Bambang concluded. He also affirmed the group’s enduring commitment to advancing national education through the philanthropic entity, PT Sampoerna Foundation, envisioning it as a crucial pillar in realizing the future aspiration of “Indonesia Emas” (Golden Indonesia).

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