Jakarta, March 25, 2022 – PT Cisarua Mountain Dairy Tbk (“Cimory” or the “Company”) (IDX: CMRY) managed to achieve a net profit growth for the year of 346% to Rp 790 billion in 2021 from Rp 177 billion in 2020. Revenue from net sales also increased by 120% to Rp 4,096 billion compared to the same period in the previous year.

The significant growth in net profit was supported by an increase in sales contribution from the Dairy and Consumer Foods segments. The Dairy segment recorded a 120% increase in sales to Rp 2,651 billion. Meanwhile, the Consumer Foods segment recorded a sales growth of 119% to Rp 1,445 billion.

President Director of Cimory, Farell Sutantio said, "Cimory had an extraordinary growth of net sales and net profit in 2021, reflecting the result of our focus on product innovation and creating new markets in the protein-based food categories. In 2022, we will continuously strive to launch innovative food products, expand distribution channels as well as invest in cold chain logistics. We strongly believe that the market for innovative, high quality and nutritious food products in Indonesia will only grow stronger in the future,” explained Farell in Jakarta (25/03).

The Company's total assets recorded an increase of around 416% to Rp 5,604 billion compared to 2020 which reached Rp 1,087 billion. This was split into current assets of Rp 4,832 billion and non-current assets of Rp 771 billion.

Meanwhile, total liabilities in 2021 amounted to Rp 907 billion of which current liabilities was Rp 845 billion and non-current liabilities was Rp 62 billion.

Overall, the Total Equity of the company grew to Rp 4,697 billion in 2021 from Rp 734 billion in 2020.

In terms of cash flow, the Company managed to increase its net operating cash flows to Rp 726 billion in 2021 from Rp 199 billion in 2020. The significant increase in cash flows was mainly due to an increased cash received from customers which grew by 119% to Rp 3,782 billion in 2021 from Rp 1,724 billion in the previous year.

With an overall cash and cash equivalent of Rp 3,662 billion in 2021, the Company is in a solid financial position to support the Company’s future expansion plans.

“We're very pleased with the exceptional financial performance in the context of what we have been dealing with over the past year especially around COVID-19,” noted Bharat Joshi, Chief Financial Officer Cimory.

From the social aspect, Cimory has the Miss Cimory program which aims to help Indonesian women, especially housewives, to become financially independent so that they can increase their income and quality of life. To date, there are more than 4,000 women who have joined the Miss Cimory program and 130 Cimory Centers spread across the islands of Java, Bali and Sumatra. We put a great interest not only on Cimory's business growth but also making a positive contribution to social development in Indonesia,” said Farell.

About PT Cisarua Mountain Dairy Tbk

PT Cisarua Mountain Dairy Tbk (“Cimory”) is a leading producer of premium dairy products and premium consumer foods in Indonesia. Founded in 1992, Cimory has a reputation for product innovation.

The company’s premium dairy product portfolio includes yogurt and milk products, which are marketed under the “Cimory” brand. The company’s premium Consumer food products focus mainly on ready-to-eat and ready-to-cook sausages and chicken nuggets marketed under “Kanzler” brand.

On December 6, 2021, Cimory was officially listed as an issuer on the Main Board of the Indonesia Stock Exchange with the stock code CMRY. In the corporate action of the initial public offering, Cimory succeeded in obtaining IPO funds of Rp. 3.66 trillion.

For further information, please contact:

Bharat Shah Joshi
Chief Financial Officer & Investor Relations
PT Cisarua Mountain Dairy Tbk
Email: investor.relations@cimory.com
Telepon: +62 21 5874630
Website: www.cimory.com

Dinar Primasari
Corporate Secretary Manager
PT Cisarua Mountain Dairy Tbk
Email: corsec@cimory.com
Telepon: +62 21 5874630
Website: www.cimory.com