MPMX Posts Rp 173 Billion Profit in Early 2026, Efficiency Boosts Margins

JAKARTA, KOMPAS.com – PT Mitra Pinasthika Mustika Tbk (MPMX) reported unaudited financial performance for the first quarter of 2026, with improved profitability amid revenue dynamics. The MPMX Group CFO, Beatrice Kartika, stated that challenges from the economic slowdown continue to be felt in the automotive sector up to the first quarter of this year. “We are optimistic that MPMX can continue to maintain sustainable performance resilience,” she said in a press release on Thursday (30/4/2026). In the first quarter of 2026, the company recorded net revenue of Rp 4.0 trillion, a 4% decrease year on year (YoY), reflecting adjustments in several business lines. Nevertheless, gross profit increased 3% YoY to Rp 365 billion, with the gross profit margin improving to 9.1% from 8.5% in the same period the previous year. Accordingly, net profit grew 8% YoY to Rp 173 billion, with the net profit margin rising to 4.3% from 3.8% in the corresponding period last year. By segment, the company’s performance showed varied dynamics with a focus on strengthening revenue quality and efficiency. In the two-wheeled vehicle distribution and retail segment through MPMulia, operational performance was mixed. The distribution business recorded a 5% YoY decline in motorcycle sales revenue, while after-sales revenue increased 4% YoY. In the retail business, sales revenue rose 3% YoY, although after-sales revenue experienced a slight 2% YoY decrease.