PT Tunas Baru Lampung Tbk (TBLA) posted impressive performance during the first quarter of 2025, supported by a rise in the price of palm oil products and a significant contribution from the biodiesel segment. According to the company's quarterly report, cited by InfoSAWIT_ on Thursday (7/8/2025), TBLA showed solid growth in revenue, operating profit, and EBITDA, which increased by 27.7%, 30.2%, and 21.7% respectively, compared to the same period last year.
The increase in crude palm oil (CPO) prices during early 2025 boosted the average selling price (ASP) of downstream products, including cooking oil, biodiesel (FAME), and palm kernel oil (PKO). The ASP for cooking oil and PKO increased by 23.3% and 97.4%, respectively, while the price of biodiesel rose by 11.4% year-on-year.
TBLA also strengthened its position as a major player in the national biodiesel industry. This year, the company has secured FAME delivery contracts totaling 809 thousand kiloliters (equivalent to 686 thousand tons), a leap of 113.5% from last year's contract volume of 379 thousand KL (321 thousand tons).
The increase in production capacity is also part of TBLA's expansion strategy. With the completion of its second biodiesel plant, the company's total biodiesel production capacity now stands at 765 thousand tons per year. This infrastructure is deemed ready to support the government's plan to increase the mandatory biodiesel blend from B40 to B50 starting in 2026.
In the upstream sector, fresh fruit bunch (FFB) production and purchases rose significantly by 31.9% as the impact of El Niño subsided in the South Sumatra region. CPO production increased by 39.9% year-on-year, while biodiesel output surged by 123.1% to meet the demands of the current year's contracts. To support downstream activities, TBLA also purchased approximately 121 thousand tons of external CPO.