Platinum Wahab Expands into Meat Industry with Strategic Investments
Platinum Wahab Nusantara is diversifying into the meat sector, aiming for substantial revenue growth. The company plans to fund acquisitions and develop new retail concepts as part of this transformation.
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Platinum Wahab Nusantara is set to enhance its presence in the meat industry, focusing on this segment for future growth. The company will conduct a rights issue to finance the acquisition of Sumber Prima Anugrah Abadi and a partnership with Bakso Sumber Selera.
In Q1 2026, Platinum Wahab reported revenue of USD 11.2 million, with the meat division contributing positively, despite lower margins compared to its beverage operations. Additionally, Toko Daging Platinum is being launched, featuring affordable frozen meat and other products across three locations. This diversification could mitigate risks tied to the beverage sector and leverage stable demand in the meat market.
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