Indonesian Retail Sales Slump, Yet This Issuer's Profit Jumps 35.5%
Jakarta, CNBC Indonesia - Issuer PT Daya Intiguna Yasa Tbk (MDIY) recorded performance growth throughout the first quarter of 2026, surpassing the performance of the national retail industry.
Bank Indonesia (BI) reported that retail sales in Indonesia grew moderately by 3.4% year-on-year (yoy) in March 2026. Although overall retail sales remained positive, several segments recorded contractions. Referring to BI data, sales of information and communication equipment plunged 26.4% yoy, household equipment sales contracted 3.5% yoy, and clothing sales also fell 2.4% yoy.
Amid these conditions, MDIY managed to record performance that exceeded industry growth. This is evident from several key indicators, such as the number of transactions reaching 29.5 million in one quarter, reflecting 28.8% yoy growth.
“MDIY’s ability to outperform the industry is due to disciplined expansion. Affordable product prices and store accessibility across all regions of Indonesia are the main pillars supporting revenue growth in the first quarter,” revealed Alvin Timothy Murthi in research from Ajaib Sekuritas on Monday (22/6/2026).
For context, MDIY is known for selling various household products with a value-for-money proposition. As of Q1 2026, it had 1,258 stores in 432 cities out of 514 cities in Indonesia. This also contributed to MDIY’s revenue increase of 31.0% yoy to nearly Rp2.4 trillion.
Alvin added that MDIY’s expansion space remains wide open. In Q1 2026, MDIY generated cash flow from operating activities amounting to Rp1.1 trillion, up 3.5x yoy. At the same time, MDIY also implemented a deleveraging strategy by reducing its debt portion through bank loan repayments of Rp298.3 billion in Q1 2026.
“With a strong cash flow profile and a debt ratio of 0.3x equity, MDIY has great flexibility to fund capex from internal cash or loans. On the other hand, MDIY can also remain competitive in maintaining the same prices as a value proposition to sustain double-digit growth momentum,” said Alvin.
For information, MDIY also recorded a profit for the period of Rp306.5 billion throughout Q1 2026, up 35.5% yoy, in line with the company’s revenue increase.
Previously, MDIY also announced that shareholders approved a cash dividend distribution of 40% of the net profit for the 2025 financial year at the Annual General Meeting of Shareholders (RUPST) for the 2025 financial year on Thursday (11/6). This decision marks the company’s first dividend distribution since listing its shares on the Indonesia Stock Exchange.
Supported by the 2025 financial year performance, which recorded a net profit of Rp1.1 trillion with revenue reaching Rp7.9 trillion, growing 16.7% compared to the previous year, shareholders approved a cash dividend distribution of Rp17.62 per share. The approval formalised the commitment previously conveyed by management into an official shareholder decision.
“This decision marks an important milestone for MR.D.I.Y. Indonesia. The first dividend distribution since the company was listed on the stock exchange reflects the strength of the company’s business fundamentals and shareholders’ confidence in our execution capabilities and the disciplined long-term growth approach we continue to pursue,” said MR.D.I.Y. Indonesia President Director Edwin Cheah, quoted on Friday (12/6/2026).
The dividend will be paid to shareholders recorded in the Company’s Shareholder Register (DPS) as of 24 June 2026 (recording date), with the dividend payment date set for 10 July 2026.
“With the fulfilment of the mandatory reserve allocation obligation in 2025, the Company now has greater flexibility in allocating capital. This allows the Company to balance returns for shareholders with sustainable investment to support future expansion and operational priorities,” explained Edwin.