ACES – Net profit declined 19.92% yoy in 1H25

ACES – Net profit declined 19.92% yoy in 1H25 Aspirasi Hidup Indonesia (ACES) recorded revenue of IDR4.26 tn (+3.24% yoy) and net profit of IDR292 bn (-19.92% yoy) in 1H25. The decline in net profit was due to a 6% yoy increase in COGS and a 10% yoy rise in operating expenses, in line with ongoing store expansion. SSSG also fell by 2.9% yoy in June 2025. Going forward, ACES will focus on improving the productivity and performance of its existing stores. (Source : Kontan)