Panca Mitra Multiperdana

What Panca Mitra Multiperdana does

PT Panca Mitra Multiperdana Tbk (IDX: PMMP) is a publicly listed Indonesian shrimp processing and export company headquartered in Surabaya, founded in 2004. The company processes and sells shrimp products to B2B customers in the food distribution and seafood industry, operating a direct enterprise sales motion with no disclosed product-level differentiation. Historically operating multiple processing plants, the company has consolidated operations to a single facility due to severe financial difficulties. Total headcount is reported in the 1,001-5,000 range, but the workforce has been actively contracting since 2024 via layoffs and resignations.

The company is financed through multiple Indonesian banks, including Bank Permata, Eximbank, Bank Central Asia, Bank Maspion Indonesia, and Bank Resona Perdania, with aggregate bank loans of approximately US$160.1 million. Notable ownership includes a 7.27% stake held by Kaesang Pangarep, son of former Indonesian President Joko Widodo, through the investment vehicle PT Harapan Bangsa Kita. The company is publicly traded on the Indonesia Stock Exchange under ticker PMMP but reports no controlling parent entity.

The business is in acute financial distress. Total liabilities (approximately US$259.8 million) exceed total assets (approximately US$208.3 million), resulting in a negative equity position. Revenue collapsed from approximately IDR 187.9 trillion in 2023 to IDR 71.8 trillion in 2024 (a decline of roughly 62%), with gross profit, EBITDA, and operating income all deeply negative in 2024 and net income swinging to a loss of approximately IDR 122.9 trillion from a small profit in 2023. The company is seeking an additional US$15 million in working capital funding, has consolidated to a single processing plant, and has conducted material workforce reductions, indicating an ongoing operational and balance sheet restructuring rather than any growth posture.

Name

Panca Mitra Multiperdana

Legal name

PT Panca Mitra Multiperdana Tbk

Website

https://pancamitra.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT Panca Mitra Multiperdana Tbk is an Indonesian publicly-listed shrimp processor that processes and sells shrimp products to B2B food distribution customers. Operating from Surabaya, the company has consolidated to a single processing plant amid severe financial distress.

Ownership category

akta.pro rank

Product category

Seafood Processing

NAICS

Seafood Product Preparation and Packaging (31171)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Food And Kindred Products (2000)

akta.pro industry

PRIMARYAFANADAC

Shellfish Processing (Shrimp, Crab, Lobster, Mollusks)

Agriculture & Food Production/Meat, Poultry & Seafood Processing/Seafood Processing (Finfish & Shellfish; Wild-Caught & Aquaculture)

SECONDARYAFANAJAI

Specialty Seafood Co-Products Processing (Roe, Milt, Heads, Frames, Shellfish Meat Recovery)

Agriculture & Food Production/Meat, Poultry & Seafood Processing/Co-Product & Specialty Processing (Offal, Organ Meats, Specialty Cuts)

Keywords

• Shrimp processing
• Seafood processing
• Frozen shrimp products
• Aquaculture processing
• Shrimp export

Headquarters

HQ city

Surabaya

HQ country

Indonesia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Shrimp Processing and Sales: PT Panca Mitra Multiperdana processes and sells shrimp products. The company generates revenue through the processing and sale of processed shrimp to customers.

Go-to-market motion1 record

Distribution channels1 record

Core offering

PT Panca Mitra Multiperdana Tbk is a processor and exporter of shrimp, operating processing facilities for shrimp processing and packaging. The company sells processed shrimp products to B2B customers in the food distribution and seafood industry. Operations have been consolidated to a single processing plant due to severe financial difficulties.

Product overview

PT Panca Mitra Multiperdana Tbk (PMMP) is a shrimp processing company that operates processing facilities. No specific named products, modules, or product portfolio details are available in the source data. The company has reduced its operations to a single processing plant due to financial constraints.

Differentiator

Problem solved

Functional benefit

Products and services

• Processed Shrimp Products

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves5 records

Expansion highlights2 records

Regional players

• PT Dharma Samudera Fishing Industries: Indonesian seafood processor and exporter serving similar B2B distribution customers; comparable as a domestic Indonesian shrimp/seafood peer operating in the same competitive set as PMMP.

Broad incumbents

• Thai Union Group: Global seafood processor and exporter with significant shrimp exposure; comparable to PMMP as a scaled B2B shrimp/fish processor targeting international food distribution customers.
• PT Japfa Comfeed Indonesia: Large Indonesian-listed animal protein and aquaculture producer with shrimp farming exposure; comparable as a vertically integrated Indonesian aquaculture/seafood player serving overlapping B2B channels.
• Charoen Pokphand Foods (CPF): Thai-listed global aquaculture and seafood giant with vertically integrated shrimp operations; comparable as a much larger incumbent in the same shrimp processing and export category PMMP operates in.
• Mowi ASA: Global seafood leader (salmon-focused but expanding into shrimp/value-added processing); comparable as a large-scale publicly listed seafood processor serving global B2B customers.

Direct peers

• Avanti Feeds: Indian-listed shrimp feed manufacturer and processor with integrated export operations; comparable to PMMP in shrimp value chain positioning, export orientation, and small-to-mid cap public profile.
• Clearwater Seafoods: Shellfish-focused seafood processor and exporter (crab, lobster, clams, scallops); comparable to PMMP as a specialty shellfish processor selling to international food distribution customers.
• PT Central Proteina Prima (CPRO): Indonesian publicly-listed seafood processor and shrimp aquaculture operator; directly comparable to PMMP on shrimp processing, export channels, B2B food distribution customers, and Indonesia-listed capital structure.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Panca Mitra Multiperdana