Key insights and market outlook
PT Aspirasi Hidup Indonesia Tbk (ACES) is expected to maintain moderate performance growth throughout 2025. The company's revenue grew only 1.69% year-on-year to Rp 6.33 trillion in Q3 2025, while net profit declined 16.21% year-on-year to Rp 481.09 billion. Analysts predict flat to low single-digit growth for the full year, with same-store sales growth (SSSG) expected to be slightly negative to stable.
PT Aspirasi Hidup Indonesia Tbk (ACES) is projected to continue its moderate performance growth throughout 2025. In Q3 2025, the company reported revenue of Rp 6.33 trillion, representing a 1.69% year-on-year increase. However, net profit declined by 16.21% year-on-year to Rp 481.09 billion.
Analysts from BRI Danareksa Sekuritas, led by Christy Halim, indicate that ACES management expects revenue growth to remain in the flat to low single-digit range for the full year 2025. Same-store sales growth (SSSG) is anticipated to be slightly negative to stable. While there are expectations of some revenue improvement in Q4 2025, the overall growth for the year is still projected to be moderate.
The retail sector, where ACES operates, faces macroeconomic challenges that impact sales performance. Despite these challenges, the company is working to maintain its growth trajectory through strategic initiatives.
The moderate growth projection for ACES in 2025 reflects both the challenges in the retail environment and the company's resilience. Investors will be watching for further updates on the company's performance as the year concludes.
Q3 2025 Financial Results
Revenue Growth Projection
SSSG Outlook