BLES Reveals Target
This article is adapted from INVESTOR.ID
Building materials producer, PT Superior Prima Sukses Tbk (BLES), is optimistic that net sales will grow by double digits in the 2025 fiscal year, in line with the readiness of its fifth plant, which is set to begin operations this coming July.
BLES Director Andrew stated that the projected growth continues the positive trend achieved in 2023.
"This year, we are confident that a double-digit increase is definitely attainable. This is supported by the start of operations at our fifth plant in Banjarnegara," Andrew said during a virtual public presentation on Monday (May 5, 2025).
As part of its expansion, BLES has allocated capital expenditure (capex) of IDR 200 billion to IDR 250 billion in 2025. The funds will be used to strengthen production capacity and improve operational efficiency.
In 2024, BLES recorded net sales of IDR 1.46 trillion, with a net profit of IDR 161 billion, growing by 6.62% year-on-year. BLES’s main products include lightweight bricks under the Blesscon and Superiore brands, as well as mortar cement sold under the Blessbond and Superiore Bond brands.
BLES Director Hendra Widodo added that the operation of the fifth plant will increase the company's total installed capacity to 5.6 million cubic meters per year. Additionally, utilization at the Mojokerto and Lamongan plants also improved following machinery capacity upgrades throughout 2024.
Prior to the construction of the Banjarnegara plant, BLES already operated four plants located in Mojokerto, Lamongan, Sragen (with two production lines), and Sidoarjo. This expansion is expected to strengthen the company's market position in the domestic building materials industry.
From a financial standpoint, in the first quarter of 2025, BLES booked net sales of IDR 314.21 billion, a 5.72% increase compared to the same period the previous year. However, net profit fell significantly by 95.74% year-on-year to IDR 1.08 billion, due to external conditions and the extended Eid holiday.
"In Q1 2025, we focused on market penetration and education. This step is part of a long-term strategy to strengthen our market share in the lightweight brick and mortar segment," BLES management explained.
As of March 31, 2025, the company's total assets stood at IDR 1.88 trillion, up 2.17% from the end of 2024, which was IDR 1.84 trillion. Supported by positive performance and a continuous expansion strategy, BLES shares have shown an upward trend since officially being listed on the Indonesia Stock Exchange on July 8, 2024.