20250326_MAPI_Laporan Informasi dan Fakta Material_31871342_lamp2.pdf

PRESS RELEASE
For Immediate Distribu7on


MAP ANNOUNCES FULL YEAR 2024 RESULTS

Jakarta, March 26th, 2025 – PT Mitra Adiperkasa Tbk (MAP), the leading lifestyle retailer in
Indonesia today announced its Q4 and Full Year 2024 results.

MAP reported a 13.6% net revenue increase to Rp37.8 trillion for full year 2024. Gross profit grew
from Rp15.1 trillion to Rp16.1 trillion, and GPM at 42.7%. Opera7ng profit was Rp3.5 trillion with
a margin of 9.1%, while EBITDA rose to Rp6.4 trillion. On the bo^om line, MAP managed to book
a net profit of Rp2.1 trillion.

For the fourth quarter, MAP saw net revenue rise by 7.3% to Rp10.2 trillion. Gross profit grew from
Rp4.2 trillion to Rp4.3 trillion, with GPM at 42.2%. Opera7ng profit came in at Rp1.1 trillion, with
a margin of 10.4% and EBITDA increased to Rp1.9 trillion. For the bo^om line, MAP’s net profit for
the quarter reached Rp529 billion.

"2024 was a year of progress as we stayed focused on our strategic priori7es. While our top-line
growth reflected a sustained demand from our customers, it was moderated by some external
factors, including the delayed launch of the iPhone 16. Despite these challenges, we concentrated
on key areas—prudent expansion, enhancing customer experiences through data analy7cs, and
strengthening brand partnerships. At the same 7me, we maintained a clear emphasis on
opera7onal efficiencies and cost management, laying the founda7on for sustainable growth and
long-term success," commented Ra7h D. Gianda, VP of Investor Rela7ons, Corporate
Communica7ons and Sustainability of MAP Group.

During the year, MAP expanded its brand poriolio, welcoming world-renowned brands such as
Kiko Milano, Shark Ninja, and Kenneth Cole. As part of its mul7channel strategy, MAP also
strengthened its digital plaiorms to drive stronger consumer engagement. These efforts resulted
in a 19% YoY increase in online sales, contribu7ng 9.2% to total revenue in FY 2024.

“Looking ahead, our sights are set on driving sustainable growth and innova7on across our
diversified retail poriolio. We are commi^ed to offering our customers the best possible line-up
of brands, products, and services. At the same 7me, we are vigilant about external market
pressures and stand ready to adapt our strategic investments to mi7gate any poten7al risks”, Ra7h
concluded.




                                                                                                 1