Djarum Group Annual Report Full ((better))

Djarum Group is a privately held conglomerate owned by the Hartono family

The story begins not in a boardroom, but in 1951, when Oei Wie Gwan, a resourceful entrepreneur, started a small kretek cigarette business. He named it Djarum—Indonesian for "needle"—perhaps a nod to the thin, precise rolls of tobacco and clove. But the annual report’s true narrative arc begins after the 1963 fire that destroyed the original factory. From those ashes, the second generation—Michael Bambang Hartono and Robert Budi Hartono—took over. They didn’t just rebuild; they industrialised. djarum group annual report full

• The Djarum Group reported consolidated revenue of IDR 43.6 trillion (approximately USD 3.1 billion) for the fiscal year 2022.
• The company's net income for the fiscal year 2022 was IDR 6.3 trillion (approximately USD 450 million).
• The Djarum Group operates a diverse portfolio of businesses, including tobacco, hospitality, real estate, and more.
• The company's strategic priorities are focused on driving growth and innovation across its various businesses.
• The Djarum Group is committed to sustainability and has set a range of targets, including reducing its carbon footprint and increasing its use of renewable energy.

Strategic Diversification: In 2025, the group aggressively expanded into healthcare by acquiring stakes in Hermina Hospital. It also deepened its property footprint through industrial estate development. Djarum Group is a privately held conglomerate owned

• 2015: The report highlights the acquisition of tiket.com, an online travel agent. The narrative explains synergy: just as a smoker buys a pack daily, a digital consumer books flights and hotels.
• 2018: The full report celebrates the merger of Blibli with Ranch Market (a high-end grocery chain) to create omnichannel retail. You can buy a pack of Djarum Super at a Ranch Market store, or order groceries online via Blibli. The line between physical and digital blurs.
• 2021: A historic chapter. The annual report details the confidential filing for a Blibli IPO on the Indonesia Stock Exchange. It becomes one of the largest tech IPOs in Indonesian history, raising over $1.5 billion. The Hartono brothers, once just "cigarette kings," are now crowned as the godfathers of Indonesian tech.

Djarum Group is a private, family-owned Indonesian conglomerate controlled by the Hartono family The Djarum Group reported consolidated revenue of IDR 43

5. ESG (environmental, social, governance)

• Environmental: plantation practices, deforestation risk, emissions, waste management
• Social: workforce, community programs, PB Djarum youth sports development, health impacts of tobacco
• Governance: family ownership governance, board independence, compliance programs