Astra's Net Profit Reaches Rp15.51 Trillion in the First Half of 2025, Down 2%

Astra International Tbk's financial report reveals a net profit of Rp15.51 trillion in the first six months of 2025.

This profit attributable to the parent entity's owners decreased by 2.15% year-on-year (yoy) compared to the Rp15.85 trillion earned in the same period of the previous year.

As reported by Katadata, Astra International's President Director, Djony Bunarto Tjondro, stated that the company's performance in the first half of 2025 declined compared to the same period last year, due to challenging business conditions. This was primarily caused by reduced contributions from the mining services, coal mining, and automotive businesses.

Meanwhile, other businesses within the diversified Group portfolio demonstrated overall resilient performance, with higher contributions, particularly from the Financial Services, Infrastructure, and Agribusiness segments.

"The impact of lower coal prices and a weak national automotive market may result in relatively similar Group performance for the remainder of the year," Djony said in a press release, quoted on Thursday (31/7/2025).

In the first half of 2025, the Automotive & Mobility Group division's net profit fell by 8% to Rp5.3 trillion due to weaker sales volumes amid a sluggish national automotive market. Net profit from the heavy equipment, mining, construction, and energy division, operated through PT United Tractors Tbk (UT), also decreased by 15% to Rp5 trillion.

This decline was mainly due to weaker performance in the mining services and coal mining businesses, although partially offset by positive contributions from the gold mining and heavy equipment segments. On the other hand, the Agribusiness division, operated by PT Astra Agro Lestari Tbk, reported a 40% surge in net profit to Rp559 billion.

The Infrastructure division also recorded a 38% increase in net profit to Rp636 billion, driven by increased traffic volume and toll rates. The Financial Services division reported a 6% growth in net profit to Rp4.4 trillion, fueled by increased contributions from consumer financing businesses due to a rise in the financing portfolio value.

The Information Technology division, through PT Astra Graphia Tbk, recorded a 30% growth in net profit to Rp82 billion thanks to increased revenue from information technology solutions and improved operating margins. Meanwhile, the property division reported a 17% increase in net profit to Rp110 billion, supported by newly acquired industrial warehouse assets and increased occupancy rates at Menara Astra.

Overall, the ASII-coded issuer recorded net revenue of Rp162.85 trillion in the first half of 2025, up 1.8% (yoy) from Rp159.96 trillion in the first half of 2024. From a balance sheet perspective, the net asset value per share as of June 30, 2025, increased by 2% to Rp5,385.

Net cash, excluding the Group's Financial Services subsidiaries, reached Rp12.7 trillion as of June 30, 2025, compared to Rp8 trillion as of December 31, 2024. Net debt of the Group's Financial Services subsidiaries was Rp64 trillion as of June 30, 2025, up from Rp60.2 trillion as of December 31, 2024.

"We remain optimistic about the resilience of our diversified portfolio and are committed to maintaining financial discipline and operational excellence while carefully seeking long-term growth opportunities," Djony said.

ASII's assets are now recorded at Rp487.79 trillion in June 2025, up from Rp471.35 trillion in December 2024. Liabilities amounted to Rp209.04 trillion and equity to Rp278.75 trillion in mid-2025.

(This article has been published on Katadata with the title: Astra (ASII) Performance Sluggish in Semester I 2025, Profit Down 2.15% What are the Contributing Factors?)