MPMX Records Increase in Net Profit Despite Revenue Decline
PT Mitra Pinasthika Mustika Tbk (MPMX) recorded an increase in net profit for the first quarter of 2026 despite a decline in revenue. The company withstood pressures through operational efficiencies and strengthened revenue quality.
In the January–March 2026 period, MPMX booked net revenue of Rp4.0 trillion, down 4% year-on-year. However, net profit rose 8% to Rp173 billion, with the margin improving to 4.3%.
Operating profit also grew 6% to Rp193 billion, while gross profit increased 3% to Rp365 billion. This improvement was supported by margin enhancements across various business lines.
MPMX Group CFO Beatrice Kartika stated that the economic slowdown continues to affect the automotive sector in the early part of the year. She assessed that the strategy of maintaining a balance between growth and quality has strengthened performance.
“The Company’s focus on maintaining a balance between growth and quality has successfully driven operational efficiencies and strengthened profitability,” said Beatrice on Thursday (30/4/2026).
In the motorcycle distribution and retail segment, revenue fell 3% to Rp3,797 billion. The decline in distribution sales was partly offset by growth in retail and after-sales services.
In the insurance business, revenue dropped 17% to Rp204 billion. However, insurance service results rose 10% to Rp44 billion, and investment results increased 34% to Rp12 billion.
The vehicle rental segment recorded a 4% revenue decline to Rp368 billion, but gross profit grew 9% to Rp83 billion. This increase was driven by cost efficiencies and contributions from used car sales.
In the financing business, revenue fell 43% in line with a selective strategy for credit disbursements. This step reduced net losses by 23% to Rp38 billion through lower operational expenses and provisions.
MPMX views efficiency strategies and risk management as key to maintaining performance amid industry pressures. The company is optimistic about sustaining business resilience going forward.