20240429_MAPI_Laporan Informasi dan Fakta Material_31630970_lamp2.pdf

PRESS RELEASE
For Immediate Distribu6on

MAP Posts Con*nued Growth in Q1 2024

Jakarta, 29th April 2024 – PT Mitra Adiperkasa Tbk (MAP), the leading lifestyle retailer in
Indonesia, today released its Q1 2024 results.

For the first quarter, MAP saw net revenue up by 17.8% YoY to Rp8.8 trillion from Rp7.5 trillion,
GPM was 42.6% from 44.3% in the previous year. OperaUng profit increased 7.4% YoY to Rp713
billion from Rp664 billion, while EBITDA grew 14.2% YoY from Rp1.3 trillion to Rp1.5 trillion.
On the boZom line, MAP managed to book a net profit of Rp501 billion, reflecUng a 5% growth
from Rp477 billion in Q1’23.

“Coming from a fairly high base in Q1’23 a_er the li_ing of Covid-19 restricUons, our Q1 results
conUnued to capture higher value from most segments of MAP. In March, we observed a posiUve
parUal impact of the Lebaran period which fell on April 10-11 this year," commented
RaUh D. Gianda, VP Investor RelaUons, Corporate CommunicaUons and Sustainability of MAP
Group.

During the quarter, MAP conUnued to expand its physical presence in Indonesia and overseas.
Furthermore, the Company grew its digital presence by operaUng 49 online channels by end of
March 2024, and collaborates with several third-party online marketplaces.

However, amidst the ongoing geopoliUcal tension, MAP is sUll experiencing the boycoZ impact
on some of its F&B brands. The most significant effects were felt in November of last year. While
the impact eased towards the year-end and during elecUon period in January, the issue resurfaced
post-elecUon, and its effects persist. The Company is commiZed to closely monitoring the
recovery pace for the brand.

“As we carry on navigaUng an uncertain environment, we are more mindful of the dynamic
business landscape across the countries that we are in. Nevertheless, we remain dedicated to
offering our best line-up of brands, products and services,” RaUh concluded.




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