MPMX Raises Cash Dividend Amid Automotive Industry Challenges

Jakarta (ANTARA) - Automotive consumer company and transport services provider PT Mitra Pinasthika Mustika Tbk (MPMX) has increased its cash dividend to Rp170 per share from Rp120 despite the automotive industry facing pressure due to weakened consumer purchasing power and slower vehicle financing.

Group Chief Executive Officer Suwito Mawarwati explained that the total dividend distributed amounted to Rp451.8 billion, equivalent to a dividend yield of 16% based on the share closing price on 25 May 2026.

“Amid challenging industry conditions, we continue to strive to maintain business quality and strengthen sustainable business fundamentals,” Suwito Mawarwati said in a written statement on Thursday.

During the 2026 Annual General Meeting of Shareholders (AGM) held at Lippo Kuningan Building in Jakarta on Tuesday, 26 May, the company also reported its fiscal year performance ending 31 December 2025.

For the past year, the Honda motorcycle distributor recorded consolidated revenue of Rp16.2 trillion with a net profit of Rp462 billion.

The company noted that industry pressures were influenced by weakened consumer purchasing power, vehicle financing constraints, and demand normalisation across several business segments throughout the year.

Despite this, MPMX maintained its business performance through a more selective, disciplined, and adaptive approach to market changes.

“Last year was a dynamic period for the automotive and national mobility industry, teaching the importance of balancing growth, caution, and adaptability to market changes,” Suwito Mawarwati concluded.