Executive Summary

Key insights and market outlook

The Indonesian multifinance industry recorded a Rp16.14 trillion profit by September 2025, representing a 10.54% month-to-month growth ¹

⁵. This performance was primarily driven by improved credit quality and internal efficiency measures ¹. The industry's non-performing financing (NPF) gross ratio stood at 2.47%, while the net NPF was 0.84% ². Experts suggest that while the profit growth is positive, consumer purchasing power remains under pressure ¹.

Full Analysis

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Deep Dive Analysis

Indonesia's Multifinance Industry Achieves Rp16.14 Trillion Profit by September 2025

Strong Growth in Multifinance Sector

The Indonesian multifinance industry has demonstrated robust performance, with profits reaching Rp16.14 trillion by September 2025 ¹

²⁵. This represents a significant 10.54% month-to-month increase from the previous month ¹⁵. The growth is attributed to improved credit quality and efficiency measures implemented by multifinance companies ¹.

Key Financial Highlights

Total industry profit: Rp16.14 trillion (up 10.54% MtM)
Gross NPF ratio: 2.47%
Net NPF ratio: 0.84%
Gearing ratio: 2.17 times ²
Source 2
https://finansial.bisnis.com/read/20251110/89/1927491/industri-multifinance-cetak-laba-rp1614-triliun-per-september-2025

Industry Performance Analysis

The multifinance industry's profit growth has been consistent throughout 2025. By June 2025, the industry had recorded a net profit of Rp11.01 trillion, showing a 0.81% year-on-year increase ²

. The September 2025 performance was supported by various factors including increased financing income and strategic portfolio management ²⁵.

Sector-wise Performance

The overall financing disbursed by the multifinance sector reached Rp507.14 trillion by September 2025, growing 1.07% year-on-year ²

. Working capital financing showed significant growth at 10.61% YoY, indicating a shift in industry focus ².

Expert Insights

Industry expert Jodjana Jody noted that while the profit growth is positive, it doesn't necessarily indicate a consumption recovery. He emphasized that the growth is largely due to improved credit quality and internal efficiencies rather than increased lending ¹

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Outlook

The Financial Services Authority (OJK) expects the multifinance sector to maintain positive growth momentum, supported by year-end promotions and consumption patterns ²

. However, experts warn that consumer purchasing power remains under pressure, which could impact future growth ¹.

References