: The group holds a majority stake in Bank Central Asia (BCA), the largest private bank in Indonesia.

| | Milestone | | :--- | :--- | | 1951 | Oei Wie Gwan founded PT Djarum with the brand Djarum Gramofon (gramophone needle) in Kudus | | 1963 | The company faced its biggest crisis after the factory burned down and Oei Wie Gwan passed away | | 1970s | The second generation, Budi & Bambang Hartono, began modernizing and reorganizing the company | | 1972 | The company began expanding its market by exporting to various countries | | 1981 | The launch of Djarum Super, which became a best-selling brand | | 2001-2004 | Diversification began with majority ownership of BCA, development of Grand Indonesia, and renovation of Hotel Indonesia | | 2010 - present | Rapidly established a digital ecosystem (Blibli, Tiket.com) and expanded to healthcare |

Navigating excise tax increases by focusing on high-end, high-quality products.

He slammed his laptop shut and typed his summary for Ibu Dewi. He didn’t list EBITDA or market share. He wrote:

Because PT Djarum operates primarily as a under its direct parent, PT Dwimuria Investama Andalan (the Djarum Group), it does not release a publicly traded annual report like listed firms on the Indonesia Stock Exchange (IDX). However, by analyzing corporate data disclosures, market intelligence reports, and the annual disclosures of its public subsidiaries, we can compile a comprehensive look at the financial health, operational scaling, and strategic direction of PT Djarum. Corporate Overview and Operational Blueprint

continues to demonstrate robust resilience through a blend of heritage cigarette production and aggressive strategic diversification. While the tobacco industry faces regulatory pressures and excise tax hikes, Djarum’s status as a private giant—led by the Hartono family

: Integrating physical retail (Ranch Market) with digital logistics. 2. Financial Performance (Key Subsidiary: TOWR)

Annual Report PT Djarum: 75 Years of Tradition, Innovation, and Sustainable Growth (2026 Edition)

: Through Blibli (PT Global Digital Niaga Tbk), it has established a major omnichannel presence in e-commerce and travel.

The answer was in the cash flow statement. The steady, predictable rivers of kretek revenue—still flowing from millions of small shops across the archipelago—were being quietly dammed and diverted into fiber-optic cables, data centers, and smartphone factories. PT Djarum wasn't diversifying. It was metamorphosing .

Heading into 2026, PT Djarum is well-positioned to navigate potential economic headwinds. While competitors face pressure from rising production costs, Djarum’s diversified revenue streams—spanning banking, telecommunications, and digital services—provide a unique cushion that ensures its continued dominance in the Indonesian economy.

: As of September 2024, total assets for this subsidiary reached Rp 78.84 trillion . 3. Core Business Status (Tobacco)

[ PT Dwimuria Investama Andalan ] (Parent Conglomerate) │ ├──────────────────────────────┐ ▼ ▼ [ PT Djarum ] [ Non-Tobacco Holdings ] (Core Tobacco Manufacturing) (Fintech, Tech, Property) │ │ │ ▼ ▼ ▼ [ SKT Production ] [ SKM Production ] [ BCA, Blibli, Tiket.com ] Workforce and Production Facilities

: The group holds a majority stake in Bank Central Asia (BCA) , the largest private bank in Indonesia.