Djarum — Group Annual Report Full [best]

Reviewing the Djarum Group's performance requires looking at both the privately held PT Djarum (the core tobacco business) and its major public subsidiaries, as the group does not release a single consolidated "public" annual report for the entire conglomerate. Core Business: PT Djarum (Tobacco)

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The group's e-commerce arm, which also includes tiket.com and Ranch Market. Report Focus: djarum group annual report full

Electronics: Management and production of domestic electronic appliances. ESG & Social Impact

Banking & Financial Services

: Accounted for roughly 20% of cigarettes sold in Indonesia in 2024. PT Sarana Menara Nusantara Tbk (TOWR) 2025 Performance

2.1 The Tobacco Division: Resilience in a Regulated Market

The tobacco division remains the historical backbone of the Group. Despite increasing global regulations, high excise taxes in Indonesia, and the rise of anti-smoking campaigns, Djarum has maintained market dominance. Reviewing the Djarum Group's performance requires looking at