PT Bank BTPN Syariah (BTPS) Q1 2025 earnings summary

Executive summary

• Net income for Q1 2025 reached Rp 310.8 billion, up 17.7% year-over-year from Rp 264.0 billion in Q1 2024.

• Total assets stood at Rp 21.7 trillion as of 31 March 2025, stable compared to Rp 21.7 trillion at year-end 2024.

• The bank maintained a strong capital adequacy ratio (CAR) of 53.54%, well above the regulatory minimum.

• The Board of Directors confirmed full responsibility for the accuracy and completeness of the financial statements.

Financial highlights

• Operating income for Q1 2025 was Rp 396.3 billion, up from Rp 334.6 billion in Q1 2024.

• Earnings per share (EPS) rose to Rp 40 from Rp 34 year-over-year.

• Gross margin from murabahah receivables remained strong, with average margin rates of 25–30%.

• Non-performing financing (NPF) for murabahah receivables was 3.56% gross and 0.03% net as of 31 March 2025.

• Allowance for impairment losses on murabahah receivables covered 448.38% of the regulatory minimum.

Outlook and guidance

• The Annual General Meeting approved a cash dividend of Rp 34.5 per share, totaling Rp 265.8 billion, and set aside Rp 20 billion for general reserves.

• Remaining 2024 net profit of Rp 775.5 billion will be retained to support business activities.