Blibli Achieves Positive Performance Driven by Omnichannel Optimization

Strong Financial Results in 3Q25

PT Global Digital Niaga Tbk (BELI), operating as Blibli, has demonstrated robust financial performance in the third quarter of 2025. The company's consolidated net revenue grew by 32% year-over-year to reach Rp 5.64 trillion in 3Q25. For the nine-month period ending September 2025, Blibli recorded a 26% year-over-year increase in net revenue, amounting to Rp 15.24 trillion.

Key Drivers of Performance

The significant revenue growth can be attributed to Blibli's successful implementation of omnichannel strategies. The company's take rate, which measures the effectiveness of its monetization efforts, improved substantially from 6.7% in 9M24 to 8.4% in 9M25. This enhancement was primarily driven by improved monetization in its first-party (1P) business and physical stores (Toko Fisik).

Operational Efficiency Improvements

Blibli also achieved notable improvements in operational efficiency during the period. The company's operating expense to gross merchandise value (opex-to-PV) ratio decreased from 7.4% to 7.2%, indicating better cost management. Consequently, Blibli saw a 40 basis point year-over-year improvement in EBITDA/TPV, reflecting enhanced profitability.

Management's Perspective

Blibli's CEO & Co-Founder, Kusumo Martanto, highlighted that the company's performance in 3Q25 reflects its sustained resilience and agility in a dynamic consumer landscape and challenging global economic environment. The positive results underscore the effectiveness of Blibli's business strategies and its ability to adapt to changing market conditions.