PT Panca Mitra Multiperdana Tbk (PMMP), a frozen shrimp processing company listed on the Indonesia Stock Exchange, is facing significant financial pressure. Based on disclosure data as of July 2026, the company—where Kaesang Pangarep is one of the shareholders—recorded total liabilities reaching IDR 2.8 trillion.
This challenging financial condition has forced PMMP's management to submit a request for restructuring loan facilities to several lender banks. Currently, the company is waiting for responses from creditors regarding the debt settlement scheme to ensure business operations continue amidst the massive liability burden.
Detailed data shows the magnitude of PMMP's debt exposure spread across various financial institutions, including Bank Permata worth equivalent to IDR 929.6 billion, PT Bank Central Asia (BCA) at IDR 705 billion, and the Indonesia Eximbank (LPEI) valued at IDR 537.4 billion. In addition, the company also has obligations to PT Bank SMBC Indonesia Tbk, PT Bank Maspion Indonesia Tbk, and PT Bank Resona Perdania totaling hundreds of billions of rupiah.
Responding to this situation, the Executive Director of the Center for Budget Analysis (CBA), Uchok Sky Khadafi, provided a critical view regarding the company's sustainability. He assessed that the large accumulated debt places PMMP in a very difficult position to recover, even raising concerns about potential bad loans in the future.
Uchok added that managerial challenges in running large-scale business entities require complete focus. According to him, intensive involvement in the political realm often becomes an obstacle for public figures in maintaining company performance, which demands deep and continuous operational attention.
