PT Sumber Alfaria Trijaya Tbk (AMRT) Q1 2025 earnings summary

Executive summary

• Revenue grew 11.8% year-over-year to IDR 32,773 billion (Rp32.77 trillion) for YTD/Q1 March 2025, with gross profit up 12.3% and net profit attributable up 9.5%.

• EBITDA increased 10% year-over-year, and EBITDA margin improved to 7.19%.

• Online sales accounted for 8% of total revenue, growing 30% year-over-year.

• Store network expanded to 23,638 locations, with a net addition of 361 stores, focusing on Outer Islands.

• The company maintained a strong cash position with cash and equivalents at Rp7.01 trillion as of March 31, 2025.

Financial highlights

• Gross profit margin held steady at 21.88% for YTD March 2025.

• Operating income rose 29.5% year-over-year, with margin at 3.85%.

• Net profit margin was 2.98%–3.0%, up from 2.50% a year ago.

• Earnings per share increased to 23.48, up 9.5% year-over-year.

• Net cash from operating activities was Rp3.55 trillion, up from Rp795 billion in Q1 2024.

Outlook and guidance

• Expansion of distribution centers in Sumatera, Kalimantan, Java, Sulawesi, and Papua to enhance supply chain efficiency and support long-term OPEX optimization.

• Continued focus on omnichannel strategy, digital transformation, and store expansion, especially in high-growth Outer Islands.

• The company is assessing the impact of new accounting standards effective in 2025 and 2026.