20241030_MAPI_Laporan Informasi dan Fakta Material_31750708_lamp1.pdf

PRESS RELEASE
For Immediate Distribu7on


MAP POSTS 16.1% NET REVENUE GROWTH IN 9M 2024

Jakarta, October 30th, 2024 – PT Mitra Adiperkasa Tbk (MAP), the leading lifestyle retailer in
Indonesia today announced its Q3 and 9M 2024 results.

For the consolidated 9M, MAP’s net revenue grew 16.1% YoY to Rp27.6 trillion. Gross profit during
the period increased to Rp11.8 trillion from Rp10.9 trillion, with GPM at 42.8%. Opera7ng profit
was Rp2.4 trillion, whereas EBITDA reached Rp4.5 trillion. For the boaom line, MAP posted a net
profit of Rp1.6 trillion.

In the third quarter, MAP reported 17.4% YoY growth in net revenue, reaching Rp9.6 trillion. Gross
profit grew to Rp4.0 trillion, while GPM was 41.9%. Opera7ng profit was Rp772 billion, while
EBITDA rose to Rp1.5 trillion. On the boaom line, MAP’s net profit for the quarter reached
Rp543 billion.

Ra7h D. Gianda, VP Investor Rela7ons, Corporate Communica7ons, and Sustainability of MAP
Group commented, “We concluded the quarter with sales growth across nearly all business
segments, highligh7ng MAP’s ability in effec7vely leveraging customer preferences. Addi7onal
gains also came from sales during the ‘Back to School’ season, which garnered posi7ve responses.
Step by step, we will con7nue on improving opera7onal efficiencies in all aspects of the business,
including beaer inventory management and back-end support.”

The focus on digital integra7on is also part of MAP’s broader strategy to drive stronger direct-to-
consumer engagement and streamline opera7ons. Therefore, sales growth from online plajorms
for the 9M period reached 23% YoY, contribu7ng to 9% of total Company’s sales. The result
reinforces the Company’s confidence in its plan to leverage the harmonious synergy between its
online and offline stores, with a fully-integrated CRM that unites MAP’s ecosystem of brands and
concepts in the evolving retail landscape.

“As we navigate through an uncertain environment, we are focused on maintaining our growth
momentum in the last quarter of the year and we con7nue to pursue prudent expansion to ensure
sustainable growth. We remain hopeful in achieving long-term results thanks to our unique
business model and the growing appe7te for our brands and products amongst the ASEAN
consumer base,” Ra7h concluded.




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