After 27.6% Profit Drop, PMUI Targets 10% Revenue Increase This Year

Jakarta, CNBC Indonesia - PT Prima Multi Usaha Indonesia Tbk (PMUI) is targeting a 10% revenue growth this year after recording a decline throughout 2025 from Rp3.89 trillion to Rp3.83 trillion. Meanwhile, PMUI’s net profit plummeted from Rp53.8 billion to Rp38.9 billion.

PMUI’s President Director Agus Susanto stated that management remains optimistic despite being in the process of divesting its ownership in PT Graha Prima Mentari Tbk (GRPM). According to him, GRPM’s contribution does not significantly impact the company’s finances.

“GRPM’s contribution is not very significant, so I think it won’t have any effect,” he said during a virtual press conference on Monday (11/5/2026).

Citing a disclosure from the Indonesia Stock Exchange (BEI), PMUI signed a termsheet for the acquisition of 80% of GRPM shares. The company revealed that it signed the termsheet or non-binding agreement on 12 February 2026 regarding the planned acquisition of GRPM shares.

The signing was conducted by PMUI and shareholders with PT Tunas Binatama Lestari. The company is known to operate in trading and coal mining and is part of the Rimau Group business conglomerate.

The transaction plan includes taking over 1.236 billion GRPM shares, equivalent to approximately 80% ownership. The details consist of PT Prima Multi Usaha Indonesia Tbk holding 1,091,851,700 shares or 70.67%, and Agus Susanto holding 144,148,300 shares or 9.33%.

Thus, the total shares to be transferred amount to 80% of GRPM’s total placed and paid-up capital.

Management explained that the agreement is still non-binding and is currently in the further negotiation stage.

However, the transaction’s realisation still depends on several conditions, including the conduct of due diligence, fulfilment of internal requirements by the parties, signing of the definitive agreement, and approvals from the Indonesia Stock Exchange and OJK in accordance with applicable regulations.