PT Sumber Alfaria Trijaya Tbk (AMRT) Q4 2024 earnings summary

Executive summary

• Net revenue grew 10.5% year-over-year to IDR 118,227 billion in FY 2024.

• Net profit attributable to owners declined 7.5% year-over-year to IDR 3,148 billion, with reported net income at IDR 3,220 billion.

• Store network expanded to 23,277 locations, including 14,652 company-owned and 5,468 franchised minimarkets.

• Online sales (Alfagift) grew over 45% year-over-year, now ~7% of total revenue.

• The Group maintained a strong financial position with total assets of IDR 38,798 billion and total equity of IDR 17,695 billion as of December 31, 2024.

Financial highlights

• Gross profit increased 10% year-over-year to IDR 25,365 billion, with gross margin slightly declining to 21.5%.

• EBITDA rose to IDR 8,267 billion, with an EBITDA margin of 6.99%.

• Operating income fell 7.9% year-over-year to IDR 4,079 billion.

• Earnings per share dropped to 68.76–75.81.

• Cash and cash equivalents at year-end were IDR 4,845 billion, up from IDR 4,074 billion.

Outlook and guidance

• 2025 promotional strategy will be more data-driven to maximize efficiency and address consumer selectivity.

• Continued focus on expanding store presence, especially in Outer Islands.