Key insights and market outlook
PT Sumber Alfaria Trijaya Tbk (AMRT) reported Rp 2.31 trillion net profit attributable to parent entity owners for January-September 2025, a 3.49% YoY decrease compared to Rp 2.39 trillion in the same period last year. Despite this, the company achieved 7.09% YoY revenue growth to Rp 94.47 trillion, driven by strong sales in food and non-food segments and network expansion. Analyst Abdul Azis from Kiwoom Sekuritas noted that while margins were pressured by promotional costs, gross margin remained stable at 21.5%.
PT Sumber Alfaria Trijaya Tbk (AMRT) reported a net profit attributable to parent entity owners of Rp 2.31 trillion for the first nine months of 2025, representing a 3.49% year-on-year decrease compared to Rp 2.39 trillion in the same period of 2024. Despite the decline in net profit, the company achieved significant revenue growth, with cumulative net revenue reaching Rp 94.47 trillion, a 7.09% increase from Rp 88.21 trillion in the same period last year.
The revenue growth was primarily driven by the strong performance of both food and non-food segments, coupled with the company's continued store expansion strategy. Equity Research Analyst Abdul Azis Setyo Wibowo from Kiwoom Sekuritas Indonesia noted that despite margin pressures from increased promotional expenses and operating costs, Sumber Alfaria managed to maintain a stable gross margin of 21.5%.
The company's ability to expand its store network while maintaining gross margin stability demonstrates its effective operational management. The growth in both food and non-food segments indicates a balanced business approach that is helping to drive overall revenue growth.
As the retail landscape continues to evolve, Sumber Alfaria's focus on expansion and maintaining operational efficiency will be crucial. The stable gross margin despite increased costs suggests that the company's strategic initiatives are yielding positive results, positioning it well for future growth.
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