INET's 2025 Profit Surges 1,754%, Yet Shares Plunge 45% This Year

PT Sinergi Inti Andalan Prima Tbk. (INET) recorded a net profit attributable to the owners of the parent entity for the full year 2025 of Rp 24.49 billion. This achievement surged by 1,754% from 2024, when it stood at Rp 1.33 billion.

Quoting the financial report submitted via disclosures to the Indonesia Stock Exchange (BEI), this profit figure stemmed from net revenue that rocketed from Rp 30.4 billion to Rp 91.81 billion in 2025.

Breaking it down, the company’s revenue consisted of internet services provision and construction. The firm reported revenue from internet services provision rising 197% to Rp 90.28 billion, and from construction Rp 1.54 billion. Last year, the company recorded no revenue from construction.

Alongside the increase in net revenue, the cost of revenue also rose from Rp 19.5 billion to Rp 47.9 billion in 2025. As a result, INET’s gross profit soared from Rp 10.87 billion to Rp 43.88 billion.

From the expense side, sales expenses rose slightly to Rp 1.6 billion, general and administrative expenses increased to Rp 11.29 billion, and other operating expenses rose to Rp 658 million. Consequently, INET’s operating profit jumped sharply from Rp 1.3 billion to Rp 30.3 billion.

Although INET’s financial expenses increased to Rp 550 million, financial income also rose sharply from Rp 497.4 million to Rp 1.66 billion. Thus, profit before income tax surged from Rp 1.69 billion to Rp 31.44 billion.

After deducting income tax expenses and provisions, the profit for the year running through 2025 rose from Rp 1.32 billion to Rp 24.48 billion.

Meanwhile, INET’s total assets for the full year 2025 also surged sharply to Rp 760.3 billion from 2024 assets of Rp 229.8 billion.

However, INET shares continue to face price pressure. For the year to date, INET fell 45.02%, to 260 as of 30 March 2026. On 6 January 2026, INET shares closed at 685, their all-time high.