PT Midi Utama Indonesia Tbk (MIDI), the parent company of the Alfamidi minimarket chain, reported positive performance in Q1 2025.
Net profit attributable to MIDI's parent entity reached Rp190.38 billion during this period, a 20% year-on-year (yoy) increase compared to Q1 of the previous year.
This increase in MIDI's profit was driven by growth in net revenue, which rose by approximately 15% (yoy) to Rp5.52 trillion.
In Q1 2025, MIDI's revenue primarily stemmed from food sales, totaling Rp3.19 trillion, a 7% yoy increase.
Revenue from non-food product sales reached Rp1.39 trillion, showing a 20% yoy growth.
As of the end of March 2025, Alfamidi had total assets of Rp9.54 trillion. This represents a 9% increase compared to the December 2024 figure of Rp8.73 trillion.