Indonesian packaging maker IGAR posts 40% rise in nine-month net profit

PT Champion Pacific Indonesia Tbk (IGAR), an Indonesian plastic packaging producer, reported net profit of IDR 94.2bn for the nine months to 30 September 2026, up 40% from IDR 67.3bn a year earlier, on revenue of IDR 810.48bn versus IDR 707.38bn. Total liabilities rose 41.2% to IDR 161.45bn, which the company attributed to higher trade payables tied to increased inventory purchases, prompting a mandatory disclosure to the Indonesia Stock Exchange. Operating cash flow fell nearly 60% to IDR 23.05bn as inventory and receivables grew faster than sales.

Why this mattersProfit growth at the Indonesian plastic packaging maker came with operating cash flow down 60% as inventory and receivables grew faster than sales.

• Nine-month 2026 net profit reached IDR 94.24bn, up 40% from IDR 67.31bn a year earlier
• Revenue from contracts with customers rose to IDR 810.48bn from IDR 707.38bn
• Total liabilities increased 41.19% to IDR 161.45bn from IDR 114.35bn at end-2025, mainly on trade payables up IDR 38.37bn
• Operating cash flow fell 59.8% to IDR 23.05bn from IDR 57.40bn
• Inventory rose 35% to IDR 213.83bn and trade receivables rose 53% to IDR 228.72bn
• Earnings per share rose to IDR 71.00 from IDR 49.65; cash dividends of IDR 4.62bn and IDR 13.00bn were paid to parent and minority shareholders respectively

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