Kuya Food Express JAKARTA. PT Esta Indonesia Tbk (NEST) achieved a remarkable double-digit surge in net profit during the first quarter of 2026, spanning January to March. This impressive performance was primarily fueled by robust sales growth and a significant improvement in NEST’s gross profit margin.
According to the financial report for March 2026, NEST posted a net profit of IDR 6.12 billion. This represents a substantial 38.2% year-on-year (YoY) leap from the IDR 4.43 billion recorded in the previous year.
On the top line, NEST recorded total revenue of IDR 93.6 billion in the first three months of 2026. This figure marks an 11.8% annual increase from IDR 83.7 billion reported during the same period in 2025, underscoring consistent revenue growth.
In an official statement released on Monday, May 25, NEST management highlighted that this growth demonstrates a heightened sales momentum for its diverse product portfolio. They further elaborated that “Sales in Q1 2026 were significantly boosted by surging market demand, particularly driven by the Chinese New Year momentum in February 2026.”
Adding to its strong performance, NEST also secured a substantial order of 70 kilograms of ‘mess’ or crumb bird’s nest products from customers in Japan. This significant export demand played a crucial role in enhancing the company’s Q1 2026 sales.
Amidst this impressive double-digit revenue expansion, NEST adeptly managed its operational costs. The cost of revenue saw only a modest 2.7% year-on-year increase, reaching IDR 82.72 billion in Q1 2026. Consequently, NEST’s gross profit soared to IDR 10.9 billion in the first quarter. Notably, the company’s gross profit margin more than tripled, reaching 11.6% from a mere 3.7% in Q1 2025.
“The remarkable improvement in gross profit margin is underpinned by NEST‘s strategic focus on continuously developing high-quality new products and aggressively expanding its export markets, including key regions like Japan and Taiwan,” stated NEST’s management.
Furthermore, the commencement of operations at the new PT Tunas Esta Indonesia factory has been instrumental, boosting NEST‘s production capacity by an impressive 200%. This expansion is expected to drive a potential annual revenue increase of up to 300%.
NEST also capitalized on favorable currency movements, benefiting from a 10.7% appreciation in the CNY/IDR exchange rate over the past six months. This positive shift coincides with the improving economic conditions in China, which stands as one of NEST‘s primary and most vital markets.
Looking ahead, NEST‘s management affirmed that “the company will continue to intensely focus on research and technology development within its production lines to enhance operational efficiency. Additionally, the PT Tunas Esta Indonesia factory is slated to begin producing the specialized ‘Jidun’ type of bird’s nest product.”
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Summary
PT Esta Indonesia Tbk (NEST) reported a significant 38.2% year-on-year surge in net profit, reaching IDR 6.12 billion in the first quarter of 2026. This impressive growth was primarily driven by an 11.8% increase in total revenue to IDR 93.6 billion, fueled by strong market demand and a substantial 70-kilogram bird’s nest export order to Japan. The company also managed to more than triple its gross profit margin to 11.6% due to effective operational cost management.
NEST’s strong performance was further underpinned by its strategic focus on developing high-quality products and expanding into key export markets like Japan and Taiwan. The new PT Tunas Esta Indonesia factory boosted production capacity by 200%, with potential annual revenue growth of up to 300%. Favorable currency movements also contributed to its success, as NEST plans to continue investing in research and technology for enhanced operational efficiency.