Medan, May 23, 2025 – PT Sumber Tani Agung Resources Tbk (STAA) has successfully held its Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS) for the 2024 Fiscal Year. Both meetings were conducted in an orderly manner, upholding the principles of good corporate governance, transparency, and accountability.
Commitment to Delivering Shareholder Value
As a reflection of its ongoing commitment to providing positive returns to shareholders, STAA has approved a cash dividend distribution of IDR 55 per share for the 2024 fiscal year. This decision reflects the company’s sound financial performance and its dedication to long-term value creation.
Strengthening Strategic Leadership
To reinforce its organizational structure and support sustainable growth, STAA officially appointed:
• Mr. Nharong Somchit as Director of the Company, and
• Mr. Julian Christopher Hill as Independent Commissioner of the Company.
These appointments are expected to enhance governance and bring fresh strategic perspectives to the company’s future direction.
Operational Capacity Expansion as a Growth Foundation
As part of its strategy to strengthen production capabilities and operational efficiency, STAA has implemented several key expansion initiatives, including:
• The addition of a 10th Palm Oil Mill (POM) unit, increasing the Group’s total processing capacity from 450 tons/hour to 495 tons/hour. This initiative aims to enhance operational efficiency and synergy across the company’s regional sites.
• The expansion of the Kernel Crushing Plant (KCP) in Tebing Tinggi from 300 tons/day to 600 tons/day, in response to increasing customer demand and to optimize the utilization of palm kernel outputs.
• The construction of a new refinery plant in Dumai, currently underway and targeted for completion in 2025. This project will significantly expand the company’s downstream processing capacity and reinforce its integrated value chain from upstream to downstream.
Through these strategic initiatives, STAA continues to build a competitive, future-oriented operational foundation aligned with its commitment to sustainable growth.
For further information:
investor.relations@sta.co.id
Tel:?+62 61 415 6262
Fax: +62 61 414 8866
