INDUSTRI DAN PERDAGANGAN BINTRACO DHARMA (CARS) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements for the year ended December 31, 2025, were audited and received an unqualified opinion, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

• The group operates mainly in trading, property, and services, with a significant presence in the automotive sector through its subsidiaries.

• Several subsidiaries experienced recurring losses and capital deficiencies, raising substantial doubt about their ability to continue as going concerns.

Financial highlights

• Consolidated revenue for 2025 was Rp4.73 trillion, down from Rp6.19 trillion in 2024.

• Net profit attributable to owners was Rp148.2 billion, a decrease from Rp210.4 billion in 2024.

• Total assets as of December 31, 2025, were Rp3.01 trillion, down from Rp3.50 trillion at the end of 2024.

• Total liabilities decreased to Rp1.68 trillion from Rp2.40 trillion, while total equity increased to Rp1.33 trillion from Rp1.10 trillion.

• Basic earnings per share for 2025 was Rp9.88, compared to Rp14.03 in 2024.

Outlook and guidance

• Management is focused on cost efficiency, asset recovery, and restructuring to address capital deficiencies in several subsidiaries.

• Plans include streamlining operations, seeking alternative revenue sources, and obtaining financial support from shareholders.