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PT AAMI Tbk 9M24-25 Financial Statement.pdf
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PT Ashmore Asset Management Indonesia Tbk
30 April 2025
INTERIM RESULTS FOR THE PERIOD ENDING 31 MARCH 2025
PT Ashmore Asset Management Indonesia Tbk (AAMI, Ashmore Indonesia, the Company) today
announces its unaudited results for the nine-months ending 31 March 2025.
Ashmore Indonesia’s assets under management (AuM) decreased by 9% q/q to Rp24.8 trillion (US$1.5 billion) as of 31
March 2025, resulting in average AuM for the first nine months lower by 14% y/y and consequently core profit(2) declining
by 24% y/y.
Key financial highlights:
Quarter ended 31 March 2025
• Over the quarter AuM declined to Rp24.8 trillion (US$1.5 billion) from Rp27.3 trillion (US$1.7 billion) as of 31
December 2024. The movement comprises negative investment performance of Rp2.1 trillion (US$127 million) and
a net outflow of Rp0.4 trillion (US$25 million).
• Indonesian’s equity market declined over the period (Jakarta Composite index: -8%) and large cap stocks
underperformed (LQ45 index: -11%). Ashmore’s equity strategies have a bias to large cap companies and
performed broadly in line with the LQ45 index over the three months.
Nine months ended 31 March 2025
• Net revenue(1) for the nine-month period declined by 16% y/y to Rp135.6 billion, broadly in line with lower average
AuM levels compared with the prior year period.
• Ashmore’s continued cost discipline reduced operating expenses by 10% y/y, delivering EBITDA(3) of Rp60 billion
(-26% y/y) and an EBITDA margin of 44%.
• Reported net profit was down 28% y/y and core profit fell by 24% y/y, consistent with the lower EBITDA.
• AAMI maintains a strong balance sheet with cash of Rp151 billion and seed capital investments of Rp114 billion as
of 31 March 2025.
Ronaldus Gandahusada, President Director of PT Ashmore Asset Management Indonesia Tbk, commented:
“Domestic and international political events during the quarter presented a headwind for some EM economies
including Indonesia. However, we are encouraged that investor sentiment has started to improve in the current quarter
as uncertainty around the new Indonesian cabinet has reduced, and Danantara (Indonesia’s new Sovereign Wealth
Fund) and domestic institutions plan to increase domestic equity allocations. This provides a positive environment for
Ashmore to create value for its clients and shareholders.”
Notes:
(1) Net revenue is gross revenue less selling agent fees.
(2) Core profit is net profit adjusted for realised and unrealised investment gains/losses.
(3) EBITDA is operating profit excluding depreciation and amortisation.
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PT Ashmore Asset Management Indonesia Tbk
30 April 2025
LAPORAN KEUANGAN INTERIM PERIODE 31 MARCH 2025
PT Ashmore Asset Management Indonesia Tbk (AAMI, Ashmore Indonesia, Perseroan) hari ini
mengumumkan laporan keuangan (tidak diaudit) untuk periode sembilan bulan yang berakhir pada
31 Maret 2025.
Dana kelolaan (AuM) Ashmore Indonesia menurun 9% q/q menjadi Rp24,8 triliun (US$1,5 miliar) per 31 Maret 2025
yang menyebabkan rata-rata AuM selama sembilan bulan turun 14% y/y dan penurunan laba inti sebesar 24%.(2).
Ikhtisar kinerja finansial Perseroan dirangkum di bawah ini:
Triwulan periode akhir Maret 2025
• Sepanjang triwulan, AuM turun menjadi Rp24,8 triliun (US$1,5 miliar) dari Rp27,3 triliun (US$1,7 miliar) pada 31
December 2024. Penurunan ini disebabkan oleh kinerja investasi negatif sebesar Rp2,1 triliun (US$127 juta), arus
keluar bersih sebesar Rp0,4 triliun (US$25 juta).
• Pasar saham Indonesia menurun selama periode tersebut (Indeks Harga Saham Gabungan: -8%) dan saham-
saham berkapitalisasi besar (Indeks LQ45: -11%) berkinerja negatif. Strategi saham Ashmore memiliki bias
terhadap perusahaan-perusahaan berkapitalisasi besar sehingga kinerja menjadi sejalan dengan indeks LQ45.
Interim sembilan bulan periode akhir Maret 2025
• Pendapatan bersih untuk periode sembilan bulan turun 16% y/y menjadi Rp135,6 miliar yang mencerminkan
penurunan rata-rata AuM.
• Disiplin biaya terus menjadi fokus, yang mengakibatkan penurunan biaya operasional sebesar 10% y/y yang
menghasilkan penurunan EBITDA(3) sebesar 26% y/y menjadi Rp60 miliar dan margin EBITDA sebesar 44%.
• Laba bersih turun 28% y/y dan laba inti turun sebesar 24% y/y, mencerminkan penurunan EBITDA.
• AAMI mempertahankan posisi kas yang kuat dengan Rp151 miliar per 31 Maret 2025, tidak termasuk investasi
pada seed money sebesar Rp114 miliar.
Mengomentari Laporan Keuangan Perseroan, Ronaldus Gandahusada, Presiden Direktur dari PT Ashmore Asset
Management Indonesia Tbk:
”Kondisi politik domestik dan internasional pada kuartal terakhir telah menciptakan hambatan bagi ekonomi negara
berkembang termasuk Indonesia. Namun memasuki kuartal kedua, sentimen investor tampaknya telah membaik karena
ketidakpastian seputar kabinet baru telah menurun dan arahan Danantara (Dana Kekayaan Negara Indonesia) dan
rencana lembaga domestik untuk meningkatkan alokasi ke kelas ekuitas. Hal ini memberikan kondisi yang positif bagi
Ashmore untuk menciptakan nilai bagi nasabah dan pemegang sahamnya.”
Notes:
(1) Pendapatan bersih adalah pendapatan setelah dikurangi biaya agen penjual
(2) Laba inti adalah laba bersih yang telah disesuaikan dengan hasil Investasi yang telah dan belum di realisasikan
(3) EBITDA adalah laba operasional diluar depresiasi dan amortisasi
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Contacts / Kontak For further information please contact / Untuk informasi lebih lanjut mohon hubungi: PT Ashmore Asset Management Indonesia Tbk Arief Wana, Director Lydia Toisuta, Corporate Secretary cosec.indonesia@ashmoregroup.com
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