23 February 2026
XA Update Report | PT Charoen Pokphand Indonesia Tbk. (CPIN) — Poultry Prices Begin to Hatch Recovery
CPIN delivered a stronger 3Q25 performance after softer conditions in 2Q25. Revenue increased +5% YoY (+14% QoQ) to IDR 17.54 tn, supported by a rebound in broiler prices, which rose +7.9% QoQ to IDR 22,685/kg (vs. IDR 21,021/kg in 2Q25). As a result, 9M25 revenue edged up +1.8% YoY to IDR 50.6 tn, reaching 72% of our FY25F forecast.

