PT Aspirasi Hidup Indonesia (ACES) Q4 2025 earnings summary

Executive summary

• Sales increased 0.7% year-over-year to IDR 8.6tn, driven by AZKO store expansion despite weak consumer purchasing power.

• The group operates 265 retail outlets across Indonesia, focusing on household and lifestyle products.

• Consolidated financial statements for 2025 and 2024 were audited with an unqualified opinion, highlighting right-of-use assets and lease liabilities as key audit matters.

• Continued omnichannel strategy and digital initiatives supported online sales growth to 12% of total sales.

• Expansion included 27 new AZKO stores in 15 new cities and 10 new NEKA stores targeting a different market segment.

Financial highlights

• Net sales for 2025 reached Rp8.64 trillion, up from Rp8.58 trillion in 2024.

• Net profit for FY2025 was IDR 669bn, with a net margin of 7.8%.

• Gross margin remained stable at 47%, while EBIT margin declined to 10% due to cost deleveraging.

• Cash and cash equivalents at year-end stood at IDR 2,308bn, reflecting strong liquidity.

• Total assets as of December 31, 2025 were Rp8.52 trillion, up from Rp8.19 trillion at year-end 2024.

Outlook and guidance

• Focus remains on expanding into greenfield areas, with over 40% of high-potential cities still untapped.

• Continued investment in omnichannel and digital platforms to drive engagement and sales.

• The group is evaluating the impact of new accounting standards effective from 2026 and 2027.