Indofood Delivers Higher Sales and Profit for First Pacific Despite Forex Drag

First Pacific Co ( (HK:0142) ) has provided an update.

First Pacific’s Indonesian subsidiary PT Indofood Sukses Makmur Tbk reported a solid start to 2026, posting a 7% rise in consolidated net sales to Rp33.89 trillion for the quarter ended 31 March, driven by continued demand for its consumer food products. Despite a 6% decline in income from operations to Rp6.53 trillion due mainly to lower foreign exchange gains, Indofood’s income attributable to equity holders increased 9% to Rp2.96 trillion, underscoring resilient profitability and a healthy operating margin of 19.3%.

Management highlighted that Indofood has maintained its performance amid escalating geopolitical tensions, and reiterated its strategy of pursuing sustainable growth by balancing market share and profitability while preserving a strong balance sheet. The results suggest that Indofood remains well positioned in Indonesia’s consumer staples market, providing a measure of earnings stability for First Pacific’s portfolio and reassurance to investors focused on defensive, cash-generative businesses in the region.

More about First Pacific Co

First Pacific Company Limited is a Hong Kong-based investment management and holding company with interests across Asia, including food, telecommunications, infrastructure, and natural resources. Its key Indonesian subsidiary, PT Indofood Sukses Makmur Tbk, is a major consumer food producer with a strong presence in noodles, food ingredients, and related consumer staples.

Average Trading Volume: 4,789,435

Technical Sentiment Signal: Buy

Current Market Cap: HK$23.93B

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