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PRESS RELEASE
MPPA ACHIEVES STEADY GROWTH IN FIRST QUARTER 2025

Tangerang, April 30, 2025 – PT Matahari Putra Prima Tbk (“Company”/”MPPA”), recorded steady
performance in the first quarter of 2025, supported by continued progress in strategic initiatives and
strong festive season momentum. During this period, MPPA remained focused on delivering excellent
customer service and maintaining product availability across all stores.


                   Financials (IDR billion)                           1Q 2025               1Q 2024                    Var
                   Net Sales                                              2,108                 1,975                +6.7%

                   Gross Profit                                             324                   319                +1.7%
                   Profit from Operation                                      10                      4                +6
                   Income (Loss) for the Period                             (22)                  (30)                 +8


Key Financial Highlights:

     •     Net Sales grew by 6.7% (6.5% SSSG) to IDR 2,108 billion, driven by strong momentum during the
           Ramadan season, which led to increased customer traffic.
     •     Gross Profit increased by 1.7% to IDR 324 billion, supported by higher sales volume.
     •     Profit from Operation more than doubled to IDR 10 billion compared to IDR 4 billion, reflecting
           improved operational efficiency.
     •     Income (Loss) for the Period narrowed to -IDR22 billion from -IDR30 billion, driven by disciplined
           cost control and stronger top-line performance.

As part of its customer-centric initiatives, MPPA presented the “Ramadan Menyala” program, offering
attractive promotions and enhancing the overall shopping experience during the Ramadan season. MPPA
also expressed gratitude through the “Hypermart Berbagi” initiative, reaching orphans in 10 cities. These
initiatives align with the Responsibility in Social Welfare pillar of the MPPA MORE sustainability program,
reflecting the Company’s continued efforts to stay connected with local communities and shoppers in
meaningful and impactful ways.

Looking Ahead

Despite ongoing macroeconomic headwinds, including global trade policy shifts affecting commodity
prices and consumer purchasing power, MPPA remains committed to providing accessible, high-quality
products that support the daily needs of Indonesian households. Additionally, a refreshed look and
enhanced shopping experience are being introduced gradually, reflecting MPPA’s focus on bringing
customers closer and inspiring their daily shopping journey.
PT Matahari Putra Prima Tbk
Gajah Mada Plaza Lt. SG. Jl · Gajah Mada No. 19-26 Petojo Utara · Gambir – Jakarta Pusat 10130 · Indonesia

Kantor Pusat Operasional
Hypermart Cyberpark, UG Floor · Jl. Sultan Falatehan · Lippo Karawaci Utara – Tangerang · Banten 15138 · Indonesia
Tel. +62 21 5081 3000 · Fax +62 21 8061 5757 · www.mppa.co.id
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Adrian Suherman, MPPA’s CEO, commented, “We are encouraged by the steady growth in this quarter,
which reflects our team's strong execution and customer-first mindset. As the retail landscape continues
to evolve, we are confident that our focused strategic initiatives will drive stronger performance in the
coming quarters.”

MPPA remains focused on accelerating its strategic priorities to achieve sustainable growth. These include
optimizing store performance, advancing digital capabilities, and enhancing merchandise offerings to
better serve Indonesian consumers.



                                                                                  ***OOO***




For more information, contact:
PT Matahari Putra Prima Tbk.
Email: corporate.communication@hypermart.co.id
Website: http://mppa.co.id

------------------------------------
This press release has been prepared by PT Matahari Putra Prima Tbk (MPPA) and is circulated for general information purposes only. It is not intended for any specific person
or purpose and does not constitute a recommendation regarding the safety of MPPA. No warranty (express or implied) is made as to the accuracy or completeness of the
information. All opinions and estimates included in this release constitute our judgment as of this date and are subject to change without prior notice.

MPPA disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance on the whole or any part of the
contents of this press release and neither MPPA nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, or
otherwise, in this press release, and for any inaccuracies or omissions that may occur.

Forward-looking statements
Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as "will", "expects" and "anticipates" and similar
words. By their nature, forward-looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described
in this release. Factors that could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the state of the property
industry in Indonesia; prevailing market conditions; increases in the regulatory burden in Indonesia, including environmental regulations and compliance costs; foreign exchange
rate fluctuations; interest rate trends, cost of capital and availability of capital; anticipated demand and pricing for our developments and related capital expenditures and sale
investments; construction costs; availability of real estate properties; competition from other companies and venues; shifts in customer demand; changes in operating costs,
including employee wages, benefits and training; changes in government and public policy; our ability to become and remain competitive; our financial condition, business strategy
and management's plans and objectives for future operations; future receivables generation; and environmental compliance and remediation. If any one or more of such
uncertainties or risks, among others, materialize; actual results could differ materially from those estimated, anticipated or projected. In particular, but not limited to, capital costs
could increase, projects could be delayed and anticipated increases in production, capacity or performance may not be fully implemented. Although we believe that our
management's expectations reflected in such forward-looking statements are reasonable based on the information available to us, no assurance can be given that such
expectations will prove to be correct. You should not place undue reliance on such statements. In any event, these statements speak only as of the date hereof, and we undertake
no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.




PT Matahari Putra Prima Tbk
Gajah Mada Plaza Lt. SG. Jl · Gajah Mada No. 19-26 Petojo Utara · Gambir – Jakarta Pusat 10130 · Indonesia

Kantor Pusat Operasional
Hypermart Cyberpark, UG Floor · Jl. Sultan Falatehan · Lippo Karawaci Utara – Tangerang · Banten 15138 · Indonesia
Tel. +62 21 5081 3000 · Fax +62 21 8061 5757 · www.mppa.co.id

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