Bukalapak (BUKA) Returns to Profit with IDR 3.1 Trillion Earnings in 2025
Jakarta — PT Bukalapak.com Tbk (BUKA) recorded profit attributable to parent entity owners for 2025 of IDR 3.1 trillion, reversing the IDR 1.5 trillion loss recorded in 2024.
According to information disclosed to the Indonesia Stock Exchange (IDX), the profit achievement stemmed from net revenue increasing from IDR 4.4 trillion to IDR 6.5 trillion. Alongside the revenue increase, cost of goods sold also rose from IDR 3.7 trillion to IDR 5.9 trillion.
After deducting sales and marketing expenses that fell to IDR 212.6 billion, general and administrative expenses that declined significantly to IDR 490 billion from the previous IDR 1.4 trillion, adding other operating income that increased to IDR 227 billion, and net investment gains reaching IDR 2.3 trillion compared to the previous loss of IDR 1.5 trillion, operating profit reached IDR 2.4 trillion, compared to a loss of IDR 2.5 trillion in 2024.
Subsequently, after adding financial income that decreased to IDR 818.1 billion, financial expenses that increased to IDR 9.9 billion, and share of loss from associated entities that slightly increased to IDR 59.6 billion, profit before final tax provisions and income tax reached IDR 3.1 trillion.
After deducting income tax provisions and tax expenses, Bukalapak’s net profit for 2025 reached IDR 3.14 trillion, compared to the previous loss of IDR 1.54 trillion.
Total assets increased to IDR 26.03 trillion in 2025 from IDR 24.7 trillion in 2024.
Management reported consolidated revenue growth of 46% year-on-year, rising from IDR 4.5 trillion in 2024 to IDR 6.5 trillion in 2025.
The Gaming segment, which operates gaming marketplaces such as Itemku and Lapakgaming, became the largest revenue contributor with IDR 1.5 trillion in revenue in the fourth quarter of last year, growing 8% quarter-on-quarter, driven by more effective marketing strategies and increased transaction activity at year-end.
Meanwhile, the Bukalapak Partners segment, which focuses on empowering small and medium enterprises through access to virtual products, recorded 12% quarter-on-quarter revenue growth to IDR 191 billion as demand for virtual products such as in-game currency and game top-up vouchers increased.
The Investment segment, through the B-Money platform, demonstrated strong growth momentum with 39% quarter-on-quarter revenue growth to IDR 25 billion, driven by increased transaction volumes and growing investor base.
Finally, the Retail segment remained a strategic part of the company’s digital ecosystem through an omnichannel approach offering a portfolio of local and international brands. This segment recorded IDR 74 billion in revenue in the fourth quarter, growing 12% quarter-on-quarter driven by strong year-end demand and warehouse clearance activities to optimise inventory turnover.
Responding to Bukalapak’s encouraging business growth, Bukalapak Director Victor Putra Lesmana stated that the company is now prioritising long-term business health. “2025 is an important moment for us to strengthen the company’s foundation by focusing on strategies that can deliver long-term value to our stakeholders,” he said in a written statement.