Haji Isam’s JARR Secures IDR2.4tn in Biodiesel Deal with Pertamina

Key Summary:
- Revenue up +18.6% in 1H25 as the company booked more volume
- Thus, net profit surged +84% driven by higher sales & profitability
- Positive share price performance is in line with other CPO stocks
Jhonlin Agro Raya (JARR) has recorded a solid financial performance so far this year, driven by higher biodiesel sales to Pertamina Patra Niaga, which has been its main customer over the past few years.
Financial performance: JARR recorded a solid revenue of IDR 2 trillion in 1H25, up by +18.6% YoY, where most of the sales came from fatty acid methyl ester (FAME), or biodiesel, contributing 85% of the total.