PT Aspirasi Hidup Indonesia (ACES) Q2 2025 earnings summary

Executive summary

• Operated 252 stores across 62 cities and 31 provinces in Indonesia as of June 30, 2025, with a strong omnichannel presence and focus on innovation and customer experience.

• Net sales for 1H25 reached Rp4.27 trillion, up 3.2% year-over-year, with gross profit of Rp2.02 trillion and net profit attributable to owners of Rp292.87 billion.

• Rebranded AZKO stores launched in January 2025, with rapid brand awareness growth and a seamless transition across all locations.

• Strategic initiatives include expanding into untapped regions, enhancing product portfolios, and leveraging digital platforms for growth.

Financial highlights

• 1H25 sales reached Rp4.27 trillion, up 3.2% year-over-year; 2Q25 sales were stable sequentially.

• Gross margin for 1H25 was 47.3%, down from 48.6% in 1H24, mainly due to increased sales promotions.

• EBIT for 1H25 declined 18.7% year-over-year to IDR 385 billion; net income attributable to shareholders fell 19.9% to IDR 292.87 billion.

• Net margin for 1H25 was 6.9%, down from 8% in 1H24.

• Basic EPS was Rp17.06, compared to Rp21.38 in the prior year period.

Outlook and guidance

• Focus on expanding store network, especially in underpenetrated ex-Java regions and second- and third-tier cities with higher GDP growth.

• Continued investment in omnichannel capabilities and digital transformation to drive engagement and sales.

• Management continues to focus on retail expansion and operational efficiency.

• Cash dividend of Rp33.87 per share distributed in June 2025, totaling Rp579.87 billion.