Flooring Guide by Cinvex – , SURABAYA – PT Suparma Tbk (SPMA), a prominent paper manufacturer, made two pivotal strategic decisions during its Extraordinary General Meeting of Shareholders (EGMS) held on Thursday, October 30, 2025. The company announced its approval for a substantial stock dividend distribution of 946.23 million shares, alongside the ambitious addition of three new business lines, all strategically focused on championing the circular economy.
SPMA Director Hendro Luhur detailed that the stock dividend distribution ratio has been set at 100:30, meaning shareholders will receive 30 dividend shares for every 100 shares they currently hold. The par value per share was established at Rp400, referencing its nominal price, especially since the last closing price of Rp380 per share was below this designated value.
“The total stock dividend slated for distribution reaches 946.23 million shares, originating from the capitalization of retained earnings from the 2024 fiscal year. The official record date for shareholders eligible to receive these dividends is November 11, 2025, with the actual distribution scheduled for November 21, 2025,” Luhur affirmed from Surabaya.
: Window Dressing Drives Year-End IHSG Strengthening
Suparma Tbk. – TradingView
Beyond the dividend, the EGMS also sanctioned a significant expansion into three new business sectors. These ventures are meticulously designed to align with the company’s core operations while simultaneously boosting its efforts in production waste utilization. The approved business lines include the manufacturing and sale of concrete blocks, utilizing fly ash and bottom ash (FABA) waste generated from internal power plants; entry into the basic chemical industry for the production of sodium hydroxide (NaOH); and the innovative processing of waste into alternative fuels, commonly known as refused-derived fuel (RDF).
“The cumulative investment for these three new strategic business activities totals Rp143 billion, and notably, this entire sum will be financed using the company’s internal cash reserves, entirely without recourse to external loans,” Hendro elaborated. He further itemized the investment allocation, with the largest portion, Rp81 billion, dedicated to the basic chemical industry. This is followed by Rp58 billion for RDF development, and Rp4 billion for the concrete block production initiative.
: Astra Otoparts (AUTO) Boosts Electric Vehicle Component Business
Shifting focus to its financial performance, PT Suparma Tbk reported net sales of Rp1.9 trillion as of September 30, 2025. This figure represents a 1.4 percent increase compared to the corresponding period in the prior year and accounts for 71.1 percent of its ambitious 2025 sales target of Rp2.8 trillion. The uplift in sales was primarily driven by a 2.9 percent rise in paper sales volume, reaching a total of 168,988 metric tons.
However, the net profit for the period experienced a sharp decline of 40.4 percent, dropping to Rp68.4 billion. This significant reduction was predominantly triggered by foreign exchange losses amounting to Rp19.6 billion, a stark reversal from the Rp11.1 billion foreign exchange gain recorded in the first nine months of 2024. “The currency loss was directly attributable to the Rupiah’s depreciation, moving from Rp15,138 per US$1 in September 2024 to Rp16,680 per US$1 in September 2025,” he concluded, highlighting the substantial impact of currency fluctuations.
: Pelayaran Jaya Hidup Baru (PJHB) IPO Next Week, Offering Price Rp330
Summary
PT Suparma Tbk (SPMA) recently made two pivotal strategic decisions during its Extraordinary General Meeting of Shareholders. The company approved a substantial stock dividend distribution of 946.23 million shares, with a 100:30 ratio, funded from 2024 retained earnings. Simultaneously, SPMA sanctioned the addition of three new business lines focused on the circular economy: manufacturing concrete blocks from FABA waste, producing sodium hydroxide, and processing waste into refused-derived fuel (RDF). These new ventures will require a total investment of Rp143 billion, financed entirely by internal cash reserves.
As of September 30, 2025, SPMA reported net sales of Rp1.9 trillion, marking a 1.4 percent increase year-on-year, driven by a rise in paper sales volume. Despite this sales growth, net profit for the period sharply declined by 40.4 percent to Rp68.4 billion. This significant reduction was primarily caused by Rp19.6 billion in foreign exchange losses, largely due to the depreciation of the Rupiah against the US dollar.