For nearly three decades, Bumitama has built a solid foundation of success through its time-tested motto, “Excellence Through Discipline.” This guiding principle, deeply rooted in the values of the Lim family and institutionalised across generations, has shaped a corporate culture of integrity, innovation, and operational excellence. It underpins the Group’s relentless pursuit of continuous improvement and resilience amid evolving complexities in the palm oil industry—from climate change to global economic uncertainties. This philosophy empowers Bumitama’s thousands-strong workforce to synergize and deliver optimum agronomic achievements, driving sustainable growth while maintaining agility in seizing opportunities and reinforcing its role as a high-performing and responsible producer in the sector.

As of the end of 2024, Bumitama managed a total planted area of 187,021 hectares across Central Kalimantan (56%), West Kalimantan (43%), and Riau (1%), with a weighted average age of 13.8 years. These areas are considered good agricultural zones. A balanced blend of rainfall and periods of dryness within the right range of temperatures confers these estates with a conducive climate, favorable for oil palms. Leveraging a highly-adaptive agronomic practices that harness biological, chemical, climatic, and mechanical aspects from a holistic vantage point—Bumitama has successfully navigated through extreme weather conditions in past years with relatively resilient performance. In 2024, the Group produced a total of 3.36 million MT of FFB from its nucleus and plasma estates, maintaining a solid 10-year Compound Annual Growth Rate (CAGR) of 5.3%. Following muted production due to lagged negative effect from weather disruptions during the first nine months of 2024, a vigorous rebound in the fourth quarter resulted in a 27% quarterly spike in output, with peak monthly yield hitting 1.9 MT per hectare in November.

Together with the two newly commissioned mills in 2024, Bumitama operates 17 palm oil mills located strategically across its estates, with a total processing capacity of 1,165 tonnes per hour—translating to an annual throughput of nearly 7 million MT of FFB. The integration of plantation and mill infrastructure enables rapid evacuation and immediate processing of harvested fruit, helping to maintain product freshness and quality. In 2024, despite processing 35% FFB from third-party sources, which generally have lower oil content, Bumitama maintained Oil Extraction Rate (OER) of 22.0%, resulting in a resilient CPO yield of 4.1 tonnes per hectare. Strategic proximity to ports further optimises delivery efficiency and reduces emissions from transportation. In total, the Group shipped 1.18 million MT of CPO and 244 thousand MT of palm kernel (PK) to refineries across Indonesia, showcasing a well managed supply chain and logistics capabilities.

Bumitama’s financial strength is a testament to its strategic foresight, rigorous execution, and cost discipline. In 2024, the Group achieved record-high revenues of IDR 16.73 trillion by spotting opportunities in increasing its CPO sales effectively in response to market trends. At the same time, costs were kept in check through centralised procurement, extensive mechanisation, and enhanced supply chain efficiency. The Group’s balance sheet continued to expand, closing the year with total assets of IDR 20.97 trillion, of which 78.6% comprising equity. Net gearing ratio was successfully reduced for the fifth year running, to 0.09x. Over a 10-year period, revenue grew more than three-fold, reflecting 13% CAGR, while net profit posted a sustained CAGR of 14%.

In addition to the elevated palm oil price in the past five years, vigilance in spotting opportunities, flexibility in marshalling resources, and a disciplined, well-timed execution have enabled Bumitama to record robust financial performance which paved the way to stronger balance sheet, significant deleveraging, and improved cashflow. Hence, in early 2025, Bumitama officially upgrades its dividend policy, raising its the ceiling to 60% payout ratio while also establishing a floor of 40%. Total annual dividend distribution for the most recent year reached 6.64 Singapore cents, resulting in above average yield of more than 8% which is among the highest in SGX.

Upgrading the dividend policy reflects management’s confidence in the company’s future cashflow and financial stability which is also recognised through the reaffirmation of its AA2/Stable rating from RAM Ratings for its Sukuk 2014/2029, inclusion in the Fortune Southeast Asia 500, and top sectoral accolades from The Edge Singapore Billion Dollar Club Awards 2024 for “Highest Growth in Profit After Tax Over Three Years” and “Overall Sector Winner.” This marked Bumitama’s rise from the Centurion Club to the prestigious Billion Dollar Club.

Bumitama upholds strong corporate governance through a framework built on regulatory compliance, board accountability, and proactive risk management. The Group has obtained certifications from RSPO and ISPO, and continually integrates global best practices into its ESG strategy. Governance excellence has been consistently recognised, with Asiamoney naming Bumitama “Best Overall for Corporate Governance,” “Best for Disclosure & Transparency,” and “Best for Responsibilities of Management and the Board.” This reflects the Group’s efforts to foster a culture of integrity, drive ethical business conduct, and maintain full alignment with stakeholder expectations, both locally and internationally.

Sustainability is deeply embedded in Bumitama’s operational DNA. The Group’s approach integrates conservation, climate mitigation, and community development. Its flagship initiative, the Bumitama Biodiversity and Community Project (BBCP) in West Kalimantan, now in its eighth year, continues to safeguard forest ecosystems which spans some 8,300 hectares, while enhancing local livelihoods. The Sekolah Desa Berdaya program is another key initiative that links skill development of smallholder farmers and rural communities to sustainable sourcing networks, supporting economic resilience and inclusive development. In addition, Bumitama has implemented GHG emissions reduction strategies with 30% reduction target by 2030, robust traceability systems for third-party FFB, and strict adherence to RSPO and ISPO certification standards. These commitments exemplify Bumitama’s vision to grow responsibly while protecting biodiversity and upholding environmental integrity.

The empowerment of smallholder farmers is central to Bumitama’s inclusive growth model. As of 2024, the Group managed 62,613 hectares of plasma estates, accounting for 33.5% of its total planted area—well above the government-mandated minimum of 20%. Over the past decade, these estates have expanded steadily at a CAGR of 5.2%, reflecting the Group’s long-term commitment to inclusive and sustainable palm oil production. In 2024, plasma and independent smallholders contributed 22.4% of total FFB processed. By aligning smallholders with its core operations and sustainability framework, Bumitama fosters resilient rural economies, enhances supply chain traceability, and drives continuous improvement in agricultural practices and livelihoods.