CLEO Maintains IDR60 Billion Dividend

SURABAYA, Jakartaweekly.com — PT Sariguna Primatirta Tbk (IDX: CLEO), one of Indonesia’s leading bottled drinking water producers, has approved the distribution of IDR60 billion in cash dividends from its 2025 earnings despite ongoing investments to expand production capacity and strengthen its nationwide distribution network.

The decision was approved during the company’s Annual General Meeting of Shareholders (AGMS) held on June 22, reflecting management’s commitment to delivering value to shareholders while continuing to pursue long-term growth opportunities.

The dividend payout comes amid a challenging competitive environment in Indonesia’s bottled drinking water industry. Nevertheless, CLEO has continued to invest in operational expansion, product innovation, and ecosystem development to support future growth.

“Amid our ongoing expansion initiatives, the company remains committed to rewarding shareholders through dividend distribution,” said Melisa Patricia, Chief Executive Officer of CLEO.

“We believe that the expansion being undertaken today will further strengthen CLEO’s position in the industry while supporting sustainable growth in the years ahead,” she added.

Expanding Distribution and Market Reach

As of March 2026, CLEO operated through 430 distribution networks and approximately 11,000 distribution partners across Indonesia. The extensive network has become a key competitive advantage, enabling the company to improve product availability, strengthen market penetration, and serve consumers more effectively.

The company also continues to focus on product innovation to adapt to changing consumer preferences and maintain its position in the increasingly competitive bottled water market.

According to management, a strong operational foundation alone is no longer sufficient. Product relevance, accessibility, and consumer acceptance are equally important to sustaining long-term growth.

Strong Start to 2026

CLEO’s expansion efforts have already begun contributing to its financial performance.

During the first quarter of 2026, the company recorded sales of IDR774.4 billion, representing a 15.8% increase compared to the same period last year.

Net profit rose 5.2% year-on-year to IDR123 billion, supported by stronger operational efficiency and positive contributions from all business segments.

The company said the results demonstrate that investments in capacity expansion and distribution infrastructure are starting to generate measurable returns.

Targeting Double-Digit Growth

Looking ahead, CLEO is targeting double-digit growth in 2026 as benefits from its expansion strategy continue to materialize.

Management expects optimized production capacity, a nationwide distribution network, and continued innovation to support future performance. The company believes Indonesia’s bottled water market still offers significant growth opportunities, allowing CLEO to further strengthen its competitive position while maintaining sustainable profitability.

Founded in 2004, CLEO is part of the Tanobel Group and became publicly listed on the Indonesia Stock Exchange in 2017. The company is known for introducing several product innovations in Indonesia’s bottled water industry, including its BPA-free PET gallon packaging and ergonomic gallon design.