PT Astra International (ASII) Q1 2025 earnings summary

Executive summary

• Net revenue for Q1 2025 rose 3% year-over-year to Rp83,361bn, while net income before fair value adjustments declined 9% to Rp7,388bn, mainly due to lower coal prices and weaker automotive sales.

• Profit for the period was Rp8.6 trillion, down from Rp9.8 trillion in Q1 2024.

• Market share in both car and motorcycle segments remained resilient despite a weaker national market; improved motorcycle performance partly offset lower car sales.

• Earnings per share were Rp182 (excluding FV adjustments), down from Rp184 in Q1 2024.

• Total assets increased to Rp494,725bn as of March 31, 2025, from Rp471,400bn at year-end 2024.

Financial highlights

• Net revenue: Rp83,361bn (+3% year-over-year); net income before FV adjustments: Rp7,388bn (-9% year-over-year).

• Gross profit was Rp17,060bn, slightly down from Rp17,600bn year-over-year.

• Operating profit fell 9% to Rp9,218bn; operating profit before tax was Rp10,600bn, down from Rp12,000bn in Q1 2024.

• Net income after FV adjustments: Rp6,932bn (-7% year-over-year).

• Net cash from operating activities was Rp13,381bn, up from Rp13,200bn in Q1 2024.

Outlook and guidance

• The group continues to focus on strengthening core pillars, expanding into new businesses, and investing in renewable energy, healthcare, and digital services.

• Management is monitoring market and operational risks, maintaining financial flexibility, and assessing the impact of new tax regulations (PMK-136) effective from 2025.