Hexindo Sets Ambitious Revenue Target for Fiscal Year

Strong Mid-Year Performance

PT Hexindo Adiperkasa Tbk (HEXA), a leading heavy equipment distributor in Indonesia, has set an ambitious revenue target of US$609.8 million for the fiscal year ending March 2026. This target is backed by an expected sale of 2,900 excavators during the period. The company's financial performance for the first six months of the fiscal year, ending September 2025, showed significant growth with net revenue increasing by 15.71% year-on-year to US$264.95 million.

Profitability on the Rise

Hexindo's net profit for the six-month period reached US$12.79 million, representing a 16.16% increase compared to the same period in the previous year. This positive performance is a strong indicator of the company's ability to achieve its full-year targets. The financial results demonstrate Hexindo's resilience and growth in the heavy equipment sector, driven by increasing demand for construction machinery.

Financial Reporting Alignment with HCM Japan

It's worth noting that Hexindo's financial reporting follows the fiscal calendar of its parent company, Hitachi Construction Machinery (HCM) Japan. The fiscal year for Hexindo therefore runs from April 2025 to March 2026. This alignment ensures consistency in financial reporting and strategic planning with its major shareholder.

Market Outlook

The heavy equipment industry in Indonesia has been showing positive trends, driven by infrastructure development projects and increased mining activities. Hexindo, as a major player in this market, is well-positioned to capitalize on these opportunities. The company's ability to maintain a strong sales performance and achieve its ambitious targets will be crucial in sustaining its market position and driving future growth.