MPMX Distributes Rp451.8 Billion Dividend Amid Slowing Automotive Market

PT Mitra Pinasthika Mustika Tbk (MPMX) has approved a cash dividend of Rp451.8 billion at its 2026 Annual General Meeting (AGM) amid a slowdown in the national automotive industry last year. The company set a cash dividend of Rp170 per share, equivalent to a dividend yield of approximately 16% based on the closing share price on 25 May 2026.

Despite continued pressures on the national automotive and mobility sectors from weakening purchasing power, vehicle financing challenges, and normalised demand in certain segments, the decision was made.

For the 2025 fiscal year, MPMX reported consolidated revenue of Rp16.2 trillion with net profit of Rp462 billion. Compared to the previous year, revenue fell by approximately 1%, while net profit fell by 19%.

MPMX Group CEO Suwito Mawarwati said 2025 was a challenging period for Indonesia’s automotive industry. He added that the company needed to balance growth with business caution.

‘Am amid challenging industry conditions, we strive to maintain business quality and strengthen sustainable operations,’ Mawarwati stated.

He highlighted that the increased dividend reflects the company’s commitment to delivering sustainable value to shareholders while affirming confidence in long-term prospects.

To maintain performance, the company continues to strengthen operational discipline, cost efficiencies, risk management, and optimise its business portfolio to remain adaptable to market changes.