Overview Key strengths Key risks Second-largest poultry producer and breeder in Indonesia's market. Liquidity position could weaken further toward the March 2026 maturity date of U.S. dollar notes. Vast distribution system with vertical integration that is difficult to replicate. Volatile profitability due to supply-demand and currency fluctuations. High focus on poultry products, and geographic concentration in Indonesia. The company has secured a committed five-year bank loan of Indonesian rupiah (IDR) 3 trillion from Bank Central Asia Tbk. PT. The loan has an availability period. It is for general corporate purposes and the company can use it for refinancing US$350 million notes maturing in March 2026, potentially covering about 52% of the outstanding notes. Japfa Comfeed continues to explore refinancing options
