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DGW Group Officially Listed on the Indonesia Stock Exchange with the Ticker Code DGWG

14 Januari 2025

Jakarta, January 13, 2025 – PT Delta Giri Wacana Tbk (DGWG), an agro-input company focused on food security, with experience and expertise in meeting the agricultural supply product needs in the sectors of pesticides, fertilizers, agricultural tools, and internal distribution, has officially been listed on the Indonesia Stock Exchange (IDX). Through an initial public offering (IPO), DGWG offered 882,353,000 new shares at a price of IDR 230 per share. The shares issued come from the Company’s portfolio, representing 15 percent of the total capital placed and paid-up after the IPO.

Furthermore, the Financial Services Authority (OJK) has also designated DGWG as a sharia-compliant security based on the decision Number: KEP-67/PM.02/2024. The inclusion of DGWG's shares in the list of sharia-compliant securities was determined by the OJK after reviewing and ensuring compliance with the criteria for sharia securities based on the registration statement from PT Delta Giri Wacana Tbk.

PT Delta Giri Wacana Tbk plans to use the proceeds from the public offering for working capital investment, focused on purchasing raw materials to meet market demand. The availability and affordability of agro-input products play a crucial role in supporting the food security program currently being initiated by the government.

In 2025, the Indonesian government has set food security as one of its top priorities, allocating a budget of IDR 159 trillion. This policy demonstrates the government’s commitment to ensuring sufficient, affordable, and high-quality food availability for all citizens. This move is also expected to drive growth in the agricultural sector, strengthen rural economies, and reduce dependence on food imports.

“In line with the government’s program, DGWG is focused on meeting the demand for our agro-input products,” said David Yaory, President Director of PT Delta Giri Wacana Tbk. The role of the industry, particularly DGWG, as a strategic partner, is vital in supporting the national food security program and advancing Indonesia’s agriculture.

As of June 30, 2024, DGWG recorded revenue of IDR 1.4 trillion with a net profit of IDR 32 billion. The company is optimistic about maintaining positive growth, thanks to solid expansion and investment strategies.

“We are targeting total revenue of IDR 3.4 trillion by the end of 2024, up from IDR 3 trillion the previous year. With this achievement, we remain confident in achieving a net profit of IDR 180 billion for 2024,” explained Danny Jo Putra, Chief Financial Officer of PT Delta Giri Wacana Tbk.

With this step, DGWG is ready to strengthen its capacity and performance in supporting Indonesia's agricultural sector, while simultaneously creating added value for shareholders, consumers, and society.

With its comprehensive business model, DGWG has become a one-stop solution for the agricultural supply products needed by farmers and agricultural industry players in Indonesia. Therefore, DGWG will continue to innovate and expand its network to meet market needs and support national food security.

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