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Tangerang Selatan, 30th April 2025
PT DFI RETAIL NUSANTARA TBK
THREE MONTHS RESULTS ENDED 31st MARCH 2025
Highlights
• Net revenue grew 13% year-on-year, primarily driven by strong Lebaran Festive results
• Profit from continuing operations reached Rp 11 billion, driven by improved profit
performance across businesses
• Health and Beauty segment continued to deliver strong growth
• Improving IKEA performance despite weak home furnishings demand
• Achieved profitability turnaround to Rp 27 billion for the first quarter of 2025
Results
Unaudited
THREE MONTHS
2025 2024* Change
Rp billion Rp billion %
Net Revenue 1,210 1,071 13
Gross Profit 554 456 21
Profit/(Loss) from Continuing Operations 11 (76) >100
Reported Profit/(Loss) 27 (1) >100
Rp Rp %
Profit/(Loss) Per Share from
Continuing Operations 3 (18) >100
Reported Profit/(Loss) Per Share 6 (0) >100
*Restatement of prior year results due to the divestment of the Hero Supermarket segment in June 2024
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PT DFI Retail Nusantara Tbk
Jl. CBD Bintaro Jaya Sektor VII Blok B7/A7, T:+6221-83788388
Pondok Jaya, Pondok Aren, Tangerang Selatan 15424 dfinusantara.co.id
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PRESIDENT DIRECTOR’S STATEMENT
Introduction
The Company reported improved financial results for the first quarter of 2025, primarily driven
by robust sales during the Lebaran Festive season and from the strong performance of Guardian
Health and Beauty. Although demand for home furnishings remains soft, IKEA achieved a
reduction in losses compared to the same period of last year due to effective cost control
measures. Overall, the Company reported a profitability turnaround to Rp 27 billion for the
first quarter of 2025.
Company Performance
Net revenue for the first quarter of 2025 grew 13% year-on-year to Rp 1,210 billion. Profit
from continuing operations reached Rp 11 billion, compared to a Rp 76 billion loss in the prior
comparable period, supported by strong profit growth of Guardian and narrowing losses at
IKEA.
Guardian delivered double-digit like-for-like sales and profit growth, attributed to higher foot
traffic in premium malls and tourist locations. The team remains focused on strengthening
Guardian’s value proposition, optimising product range and expanding its omnichannel
presence to enhance accessibility for customers.
While IKEA’s sales performance continued to be impacted by weak home furnishings demand,
effective cost-saving initiatives led to narrowing losses from the prior comparable period.
IKEA remains focused on driving sales through initiatives such as enhancing store
commerciality, optimising store layout and expanding digital footprint. Furthermore, ongoing
efforts to increase local sourcing, supported by a more effective marketing strategy, are
implemented to improve product availability and strengthen local relevancy.
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PT DFI Retail Nusantara Tbk
Jl. CBD Bintaro Jaya Sektor VII Blok B7/A7, T:+6221-83788388
Pondok Jaya, Pondok Aren, Tangerang Selatan 15424 dfinusantara.co.id
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Prospects
The Company expects the Health and Beauty business to maintain its strong growth trajectory,
while ongoing uncertainty in trading conditions remains as an overhang on the Home
Furnishings segment. Nonetheless, with a sharpened strategic focus, the Company is well
positioned for robust and sustainable growth in the medium to long term.
Hadrianus Wahyu Trikusumo
President Director
30th April 2025
For further information contact:
Hadrianus Wahyu Trikusumo, President Director
PT DFI Retail Nusantara Tbk
Tel: +62-21-8378 8388
E-mail: extcomm@dfiretailgroup.com
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PT DFI Retail Nusantara Tbk
Jl. CBD Bintaro Jaya Sektor VII Blok B7/A7, T:+6221-83788388
Pondok Jaya, Pondok Aren, Tangerang Selatan 15424 dfinusantara.co.id
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