Impressive Used-Car Sales Performance, ASLC Targets Double-Digit Growth in 2026

ASLC, formally PT Autopedia Sukses Lestari Tbk, which operates in motor vehicle auctions (JBA), the used-car retail arm Caroline.id, and pawn services MotoGadai, is targeting double-digit growth in 2026. Caroline.id’s revenue contribution has been solid, giving the company strong grounds to expect the target this year. ‘Caroline.id revenue in the first quarter this year grew 51% year-on-year. Given Caroline.id’s very large contribution to total revenue, this highly impressive performance in the used-car segment provides a solid basis for our optimism about this year’s outlook,’ said Jany Candra, President Director of ASLC.

To realise the target, ASLC has allocated capital expenditure of Rp15-20 billion for expansion. This year the company plans to open 2-3 new Caroline.id branches in Jakarta or West Java. ‘For the location determination and execution of this expansion, we are still considering various factors, including the economic conditions and geopolitical developments,’ added Jany.

DIVIDEND: At the Annual General Meeting of Shareholders on Tuesday 19 May 2026 in Jakarta, ASLC’s shareholders approved a dividend of Rp1 per share, or total Rp12.7 billion. The company’s positive performance in 2025 and convincing Q1 2026 results provide a strong basis to pay a dividend. Also approved at the AGM was a buyback of up to 10% of the issued share capital to boost ASLC’s share liquidity.

In Q1 2026, ASLC reported revenue of Rp283.6 billion, up 27.5% year-on-year. Net profit was Rp7.4 billion. Caroline.id was the main revenue contributor in both 2025 and Q1 2026. In 2025 Caroline.id contributed 72.8% of ASLC’s revenue; in Q1 2026, its contribution reached 82.7%.