PT Avia Avian Tbk (AVIA) Q1 2025 earnings summary

Executive summary

• Q1 2025 consolidated sales reached IDR 2,019 billion (Rp 2,018.6 billion), up 6% year-on-year, with net profit at IDR 447 billion, nearly flat from last year despite fewer working days and soft demand.

• Gross margin was 45.8%, EBITDA margin 28.7%, and net profit margin 22.1%, reflecting stable profitability.

• Over 58,000 customers served, with a distribution network of 125 wholly-owned and 38 third-party DCs, and over 58,000 retail outlets.

• Launched three new products in wall, waterproofing, and wood care segments, focusing on innovation and sustainable growth.

• Price hikes of 2.5%-5% were implemented in February 2025 to offset FX risk.

Financial highlights

• Gross profit rose 4.5% year-on-year to IDR 925 billion, with a gross margin of 45.8% (down 0.7 percentage points).

• EBITDA reached IDR 580 billion (28.7% margin); net profit was IDR 447 billion (22.1% margin).

• EPS grew 2.0% to 7.4, with basic and diluted EPS at Rp 7.38.

• Free cash flow remained robust, with disciplined capital expenditure and strong cash generation.

• Total assets increased to Rp 11,450.1 billion, with equity at Rp 9,989.7 billion and liabilities at Rp 1,460.4 billion.

Outlook and guidance

• Full year 2025 guidance maintained, with sales value growth targeted at 6–10% and volume growth at 4–8%.

• Routine CapEx for 2025 expected to normalize to 2.5% of sales, slightly above historical levels due to tinting machine rollout.

• Plans include new product launches, expanded distribution, enhanced marketing, and a share buyback program up to IDR 1 trillion.

• Confident in achieving stronger growth as demand improves, with continued focus on sustainable growth strategies.

• No material changes to capital management objectives or processes are planned for 2025.