MPMX Records Rp366 Billion Profit in First Half, Growing by 23 Per Cent

The first-half performance of 2026 demonstrates that our focus on maintaining the quality of growth is beginning to yield positive results, stated MPMX Group CFO Beatrice Kartika in a written statement in Jakarta on Saturday.

On a consolidated basis, the Company recorded net revenue of Rp7.7 trillion in the first half of 2026, a 1 per cent decrease compared to the same period the previous year. By segment, the Company’s performance showed diverse dynamics, with an emphasis on strengthening revenue quality and efficiency.

In the distribution business, motorcycle sales revenue for MPMulia fell by 3 per cent year-on-year to Rp6 trillion, while after-sales service revenue increased by 9 per cent year-on-year to Rp751 billion. Overall, net revenue for this segment remained relatively stable at Rp7.3 trillion, representing a 0.4 per cent decrease year-onting.

In the insurance segment, MPMInsurance recorded revenue of Rp434 billion, down 10 per cent year-on-year. This decline was primarily driven by reduced contributions from motor vehicle insurance and other business lines, although property insurance revenue remained relatively stable at Rp190 billion. Despite the drop in revenue, insurance service costs were reduced by 13 per cent year-on-year to Rp357 billion, which helped drive insurance service results up by 4 per cent year-on-year to Rp77 billion. Meanwhile, investment returns fell 31 per cent year-on-year to Rp18 billion due to lower income from equity instruments.

In the vehicle rental business, MPMRent’s net revenue throughout the first half of 2026 fell by 4 per cent year-on-year to Rp706 billion. This decline was influenced by a reduction in the number of vehicles rented, driver services, and used car sales volume.

In the financing segment, net revenue for JACCS MPMFinance Indonesia dropped 43 per cent year-on-year to Rp311 billion following the implementation of a more selective business strategy. Operating expenses decreased by 45 per cent year-on-year to Rp275 billion. The reduction in costs and provisioning expenses also helped narrow net losses by 58 per cent year-on-year, from Rp97 billion to Rp41 billion.