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PRESS RELEASE
MPPA DELIVERS STRONG FY 2024 RESULTS, STRENGTHENING GROWTH
MOMENTUM

Tangerang, March 26, 2025 – PT Matahari Putra Prima Tbk ("Company"/"MPPA"), concluded the fiscal
year 2024 with a solid performance, reflecting its commitment to accelerating growth through strategic
initiatives and operational excellence. Despite challenges in the retail sector, MPPA has continued to
strengthen its market position and deliver improved financial results.


                 Financials                                         FY 2024                 FY 2023                  Var
                 (IDR billion)

                 Net Sales                                                  7,118                   6,915            +2.9%

                 Gross Profit                                               1,232                   1,209            +1.9%

                 Profit (Loss) from Operation                                   34                   (111)            +145

                 Income (Loss) for the Period                                (118)                   (255)            +137

Key Financial Highlights:

     •     Net sales reached IDR 7,118 billion, reflecting 2.9% growth (4.2% SSSG), driven by store
           enhancements, improved customer experience, and effective marketing strategies.
     •     Operational efficiencies delivered IDR 121 billion in savings, underscoring MPPA’s commitment to
           cost management and productivity.
     •     Profit (Loss) from Operation rebounded to IDR 34 billion, a remarkable turnaround from previous
           year’s negative IDR 111 billion.
     •     Income (Loss) for the Period improved by IDR 137 billion, highlighting MPPA’s financial discipline
           and resilience.

Looking Ahead:

MPPA remains committed to a customer-centric strategy, ensuring fresh food and essential family needs
are accessible at affordable prices while adapting to regional consumer preferences. By leveraging
territorial insights and localized store strategies, MPPA optimizes assortments, enhances operations, and
strengthens digital engagement to deliver a more relevant and seamless shopping experience.

Further advancements in eCommerce, supply chain, and expansion strategies will enhance accessibility
and convenience, while data-driven insights will drive sharper decision-making and deeper customer
engagement. With these focused initiatives, MPPA is well-positioned to seize new opportunities,
strengthen its competitive edge, and drive sustainable growth in 2025.



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 President Director and CEO, commented, "We are pleased with our FY 2024
results, which demonstrate the impact of our discipline in execution and operational improvements.
Moving forward, MPPA will continue to drive growth and profitability by focusing on strategic expansion,
digital transformation, and customer-centric innovations. We are confident that these initiatives will
propel MPPA to greater success in the years ahead.”

MPPA's steadfast commitment to innovation, efficiency, and customer satisfaction positions the company
for long-term success in Indonesia’s dynamic retail landscape.



                                                                ***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 several 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. 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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