JAKARTA, 6 August 2024 – PT Cisarua Mountain Dairy Tbk (Cimory) has been recognized by Forbes as one of the 200 best companies in the world with revenues under USD 1 billion (approximately IDR 16 trillion) in its 'Best Under A Billion' list for 2024.

Forbes' 'Best Under A Billion' award highlights small and medium-sized enterprises worldwide that exhibit significant growth and success in their industries. Amidst challenges such as political uncertainty and inflation impacting the Asia-Pacific region's economy, these companies demonstrate exceptional resilience and economic strength, achieving remarkable milestones in the market.

Forbes has spotlighted 21 companies in the food and beverage industry that have shown outstanding performance, with growth rates more than doubling compared to the previous year. This achievement is closely linked to the rebound in consumer spending, which has positively impacted the sector, and Cimory is among the leading companies receiving this recognition.

In the first half of 2024, Cimory achieved sales of IDR 4.42 trillion, representing a growth of approximately 17% compared to the same period last year. This sales growth is attributed to Cimory's ongoing efforts in product innovation tailored to dynamic market demands. The Company continues to adapt and meet challenges by launching new and relevant products for consumers.

Product innovation is a key strategy for Cimory in maintaining and boosting consumer interest. By understanding market needs and desires, Cimory creates products that not only meet expectations but also provide added value. The success of these innovations positively impacts brand appeal and consumer loyalty, which, in turn, supports significant revenue growth for the Company.

Cimory’s inclusion in Forbes’ 'Best Under A Billion' list serves as a testament to the Company's dedication to overcoming industry challenges and meeting market demands.

About Cimory

PT Cisarua Mountain Dairy Tbk (“Cimory”) is a leading producer of premium dairy products and premium consumer food 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 premium consumer food product portfolio includes a wide selection of ready-to-cook and ready-to-eat sausages and chicken nuggets marketed under the “Kanzler” brand.

On December 6, 2021, Cimory was officially listed as an issuer on the Main Board of the Indonesian Stock Exchange with the stock code CMRY and succeeded in obtaining IPO funds of IDR 3.66 trillion. Aligned with its vision to grow sustainably, Cimory continues to innovate in producing nutritious and quality products. the Company is committed to creating a broader social impact and taking responsibility for the environmental footprint of the Company’s operations. For more information on Cimory, please visit the website: www.cimory.com.