The Company operates through two segments: cultural paper and pulp, and industrial paper and tissue products. In 2019, the Company exported approximately 52.0% of its products, mainly countries in Asia, Europe, USA, Middle East, Africa and Australia and the remainders 48.0% were to meet the local market demand. INKP's integrated supply chain from forestry to finished products provides competitive cost advantages in the Southeast Asian market.
Cyborg Score Rationale
As of February 2026 Indah Kiat Pulp & Paper's TTM revenue is of $3.13 Billion USD with solid market position and recent recognition in major indices. However, in 2024 the company made a revenue of $3.19 Billion USD a decrease over the revenue in the year 2023 that were of $3.47 Billion USD. Headwinds in commodity paper markets offset operational strengths.
Top Insights
PT Indah Kiat Pulp & Paper Tbk (INKP) has been listed in the 2025 TEMPO–IDNFinancials52 Index, earning recognition in two categories, High Growth and Big Market Cap.
Recent revenue compression from $3.47B (2023) to $3.19B (2024) reflects challenging commodity pricing environment in global paper markets
The company has production facilities in three locations, such as Perawang-Riau, Tangerang, and Serang-Banten. with diversified product portfolio reducing single-product risk
PT Indah Kiat Pulp & Paper Tbk is a subsidiary of PT APP Purinusa Ekapersada. providing access to broader Asia Pulp & Paper Group resources
Named Competitors
PT Pabrik Kertas Tjiwi Kimia — Fellow APP Group subsidiary, listed on Jakarta Exchange
Lontar Papyrus Pulp & Paper — APP Group affiliate, regional pulp and paper producer
Regional Competitors — International and regional competitors in pulp, cultural, and industrial paper
Recent Developments
(September 2025) Received Top GRC Awards 2025 #Star4 for governance and risk management
(2025) Listed in TEMPO–IDNFinancials52 Index in High Growth and Big Market Cap categories
(February 2026) Stock trading at ~$0.52 with market cap of $2.87B USD
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