JPFA – MBG Program and rising poultry prices strengthen 2026F outlook

JPFA – MBG Program and rising poultry prices strengthen 2026F outlook Japfa Comfeed Indonesia (JPFA) is projected to maintain strong performance in 2026F, supported by the recent hikes in DOC and broiler prices as well as potential demand from the Makan Bergizi Gratis (MBG) program. In 3Q25, JPFA booked revenue of IDR15.62 tn (+14.6% yoy) and net profit of IDR1.18 tn (+90.6% yoy), driven by improved selling prices and stronger plant profitability. The MBG program is expected to boost demand for broiler and egg products, while JPFA’s downstream expansion strengthens consolidated performance. (Source : Kontan)