Djarum Group Annual Report Full [hot] Jun 2026

| Section | Content Found | Strategic Insight | | :--- | :--- | :--- | | | Clove procurement costs, excise tax impact, export figures | Predicts inflation pressure on BCA's consumer loan portfolio. | | Consolidated Revenue | Rp 120+ Trillion (~$8B USD) estimate | Ranking: #2 in Indonesia behind Astra Group. | | Investments | Holdings in GOTO (Gojek Tokopedia), Solari (ATC) | Reveals digital economy bet vs. traditional retail. | | Property Assets | Grand Indonesia, Hotel Indonesia, PFN (TVRI) | Shows transition from manufacturing to rent-seeking. |

The Djarum Group, one of Indonesia's largest and most diversified conglomerates, has demonstrated robust financial health and a clear strategic pivot toward digital transformation and non-tobacco sectors in its recent performance cycles (2024–2025). As a private entity owned by the Hartono family, the group does not release a single public "annual report," but its major subsidiaries and recent corporate actions reveal a story of "global thinking with optimum performance."

One of Indonesia's top three producers, holding nearly 20% of the domestic market. Through its majority stake in BCA. Digital/E-commerce: Through the "Blibli" ecosystem. Consumer Goods & Electronics:

: The e-commerce arm (including Tiket.com ) is publicly listed as of late 2022.

High-profile developments including Grand Indonesia (a 30-year BOT contract), Hotel Indonesia Kempinski, and international assets like the Como 1907 football club in Italy.

For serious investors, ignoring the parent company is a fatal mistake. The Hartono brothers do not make moves on a whim. Every divestment, every bond issuance, and every new board member listed in those dusty PDFs telegraphs the future of Indonesian capital.

PT Djarum, the original cigarette manufacturing entity, remains strictly private