PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) remains optimistic about the growth of its export performance in 2025, despite global economic uncertainties. The company believes export sales prospects are still promising. According to President Director David Hidayat, exports contributed 12% of total sales in the first quarter of the year. To boost export performance, SIDO is implementing market development strategies that focus both on increasing sales in existing markets and expanding into new trading markets.
David added that introducing more product variants to international markets will support export growth. Meanwhile, the impact of global trade tensions on SIDO's raw material supply has been minimal, with sourcing from China and other countries remaining stable. However, SIDO's revenue fell by 25% to IDR 789.11 billion, down from IDR 1.05 trillion in the same period last year. This revenue decline also weighed on profitability, with net profit dropping 40.4% to IDR 232.94 billion in Q1 2025, compared to IDR 390.49 billion in Q1 2024.
