Bukalapak Posts Rp110.65 Billion Profit in Q1 2025, Reversing Losses

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Nabilah Muhamad 05/05/2025 16:17 WIB

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Bukalapak Tbk (BUKA) reported a net profit of Rp110.65 billion in Q1 2025. This marks a turnaround from a net loss of Rp41.96 billion in Q1 of the previous year.

Bukalapak's Revenue and Profit/Loss* Q1 (2024-2025)

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Bukalapak's Revenue and Profit/Loss* Q1 (2024-2025)

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PT Bukalapak.com Tbk (BUKA) reported a net profit attributable to the parent entity of Rp110.65 billion in Q1 2025.

This profit follows a net loss of Rp41.96 billion in Q1 of the previous year.

This positive performance was driven by Bukalapak's revenue growth of 24.61% (year-on-year, yoy) to Rp1.45 trillion.

In detail, revenue from the gaming segment contributed Rp1.1 trillion, surging 205.44% yoy. This was followed by investment revenue, which increased slightly by 0.33% yoy to Rp11.67 billion.

Meanwhile, revenue from the online-to-offline (O2O) segment decreased by 60.06% yoy to Rp254.94 billion, and retail revenue was down 43.91% yoy to Rp88.71 billion.

“With the restructuring expected to be completed in the first half of this year, we are confident that the momentum from Q1 2025 will continue and enable us to achieve sustainable profitability in the coming quarters,” said Bukalapak CEO Willix Halim in a written statement on Wednesday (30/4/2025).

As of the end of March 2025, BUKA had assets worth Rp24.52 billion. This represents a decrease of 1.05% from the December 2024 position of Rp24.79 billion.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."