PT ACE Hardware Indonesia Tbk ( (ACEHF) ) has released its Q1 earnings. Here is a breakdown of the information PT ACE Hardware Indonesia Tbk presented to its investors.
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PT Aspirasi Hidup Indonesia Tbk, formerly known as PT Ace Hardware Indonesia Tbk, is a prominent retailer in Indonesia specializing in household appliances and lifestyle products, operating a vast network of retail outlets across the country. The company recently released its earnings report for the first quarter of 2025, showcasing its financial performance and strategic developments.
In the first quarter of 2025, PT Aspirasi Hidup Indonesia Tbk reported net sales of approximately IDR 2.14 trillion, marking an increase from the previous year’s IDR 1.99 trillion. Despite a rise in operating expenses, the company managed to achieve a gross profit of IDR 1.02 trillion, up from IDR 966.7 billion in the same period last year. However, the net profit for the period was IDR 138.3 billion, a decrease from IDR 203.3 billion in the first quarter of 2024, primarily due to higher financial charges and tax expenses.
The company’s total assets increased to IDR 8.44 trillion as of March 31, 2025, from IDR 8.19 trillion at the end of 2024. The equity attributable to the owners of the parent company also rose to IDR 6.62 trillion, reflecting a solid financial position. Despite the net decrease in cash and cash equivalents, the company maintains a robust liquidity position with cash and cash equivalents amounting to IDR 1.83 trillion at the end of the period.
Looking ahead, PT Aspirasi Hidup Indonesia Tbk remains focused on expanding its retail footprint and enhancing its product offerings to cater to the evolving needs of its customers. The management is optimistic about the company’s growth prospects, driven by strategic initiatives and a commitment to operational excellence.