INDUSTRI DAN PERDAGANGAN BINTRACO DHARMA (CARS) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2025 was Rp2.40 trillion, down from Rp3.01 trillion year-over-year.

• Net profit attributable to owners for the period was Rp72.7 billion, compared to Rp77.4 billion in the prior year.

• Total assets as of June 30, 2025 were Rp3.28 trillion, a decrease from Rp3.50 trillion at December 31, 2024.

• The group continues to face challenges in several subsidiaries, with multiple entities reporting capital deficiencies.

Financial highlights

• Gross profit for H1 2025 was Rp329.3 billion, down from Rp375.1 billion year-over-year.

• Operating profit was Rp140.4 billion, compared to Rp159.5 billion in H1 2024.

• Net comprehensive income for the period was Rp82.1 billion, down from Rp93.8 billion year-over-year.

• Basic earnings per share for H1 2025 was Rp4.85, compared to Rp5.16 in H1 2024.

• Cash and cash equivalents increased to Rp436.7 billion from Rp352.2 billion at year-end 2024.

Outlook and guidance

• Management is focused on operational cost efficiency, restructuring underperforming subsidiaries, and maintaining adequate liquidity.

• Several subsidiaries have outlined plans for cost reduction, operational streamlining, and seeking shareholder support to address going concern issues.