MahakaX optimises cross-business ecosystem for sustainable growth

Jakarta (ANTARA) - PT Mahaka Media Tbk, or mahakaX (IDX: ABBA), is focusing on optimising its cross-business ecosystem to achieve positive and sustainable growth. ‘With an integrated ecosystem, strong creative talent, and complementary business units, we believe mahakaX can continue to strengthen its position as a pioneer in Indonesia’s digital creative media ecosystem,’ said mahakaX President Director Adrian Syarkawi in a written statement on Wednesday in Jakarta. Adrian is the new President Director appointed at the Extraordinary General Meeting of Shareholders (RUPSLB) on Monday, 25 May 2026, replacing Ronny W. Sugiadha. The RUPSLB also approved the appointment of Aditama Wahyudi Mirza as a Company Director. The new board composition is part of the company’s strategy to strengthen performance sustainability, maintain financial discipline, and expand strategic collaborations in the digital creative media sector. Notably, mahakaX reported revenue of Rp184 billion, a 12% decline from the previous year. The company also recorded a negative EBITDA of Rp11 billion, an operating loss of Rp15 billion, and a net loss of Rp26 billion. At the Annual General Meeting of Shareholders (RUPST), the company decided not to distribute dividends for the 2025 financial year due to negative equity. Adrian stated that the next phase for the company is to ensure the sustainability of the positive foundations built over recent years. He added that the media and creative industries are becoming increasingly dynamic, requiring the company to continuously enhance adaptation capabilities, content relevance, execution quality, and ecosystem monetisation. In terms of business strategy, mahakaX will prioritise three main agendas: sustaining positive performance, strengthening governance and financial discipline, and expanding strategic collaborations in the digital creative media sector. Looking ahead, mahakaX is optimistic about maintaining long-term growth through innovation, collaboration, and measured business management.