Jakarta (ANTARA) - Automotive consumer company and transport services\nprovider PT Mitra Pinasthika Mustika Tbk (MPMX) reported its\nfirst-quarter 2026 financial results, achieving a net profit of Rp173\nbillion, representing an 8% year-on-year (YoY) growth.<\/p>\n
The Honda motorcycle and spare parts distributor also recorded a 3%\nYoY increase in gross profit to Rp365 billion. However, the company\nnoted net revenue of Rp4 trillion, down 4%, reflecting adjustments in\nseveral business lines.<\/p>\n
\u201cChallenges from the economic slowdown are still felt in the\nautomotive sector up to the first quarter of this year,\u201d said MPMX Group\nCFO Beatrice Kartika in a written statement on Thursday (30\/4).<\/p>\n
\u201cNevertheless, the Company\u2019s focus on maintaining a balance between\ngrowth and quality has driven operational efficiency, strengthened\nprofitability, and implemented discipline in risk management,\nparticularly in the financing segment. We are optimistic that MPMX can\ncontinue to maintain sustainable performance resilience,\u201d Beatrice\nstated.<\/p>\n
By segment, MPMX\u2019s performance showed diverse dynamics with an\nemphasis on strengthening revenue quality and efficiency.<\/p>\n
In the two-wheeler vehicle distribution and retail business segment,\nMPMulia recorded varied operational performance, with a decline in\nmotorcycle sales in the distribution business, offset by growth in\nretail business and stability in after-sales revenue.<\/p>\n
The distribution business recorded a 5% YoY decline in motorcycle\nsales revenue, while after-sales revenue increased by 4%. In the retail\nbusiness, sales revenue rose 3% YoY, although after-sales revenue\nexperienced a slight 2% decline.<\/p>\n
As a result, net revenue for this segment fell 3% YoY to Rp3.797\nbillion. However, gross profit increased 2% to Rp321 billion, with an\nimproved margin of 8.5% from 8%.<\/p>\n
In the vehicle rental segment, MPMRent recorded more moderate\noperational activity with revenue down 4% YoY to Rp368 billion.\nNevertheless, gross profit rose 9% YoY to Rp83 billion, with a\nsignificantly improved gross profit margin of 22.6% from 19.9% in the\nsame period last year.<\/p>\n
This improvement was driven by a reduction in cost of goods sold,\nincreased profitability in the vehicle rental business, and stronger\ncontributions from used car sales.<\/p>\n
For the financing business segment, JACCS MPMFinance Indonesia\nrecorded a 43% YoY revenue decline, in line with the company\u2019s more\nselective strategy focused on asset quality.<\/p>\n
This was followed by a 40% YoY reduction in operating expenses to\nRp160 billion, as well as lower provision expenses and asset-related\ncosts, resulting in net loss being contained to 23% YoY lower at Rp38\nbillion.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/mpmx-reports-net-profit-of-rp173-billion-in-q1-up-8-1777596792", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }