ACES – 9M25 net profit fell 16.2% yoy due to high operating costs

ACES – 9M25 net profit fell 16.2% yoy due to high operating costs PT Aspirasi Hidup Indonesia Tbk (ACES) booked 9M25 net profit of IDR481.1 bn (–16.2% yoy), despite a modest 1.7% yoy increase in net revenue to IDR6.33 tn. Revenue was supported by strong lifestyle products (+52.9% yoy) and stable home improvement sales (+2.4% yoy), while toys fell slightly (–1.0% yoy). Gross profit grew 0.4% yoy to IDR3.03tn, but operating expenses rose 10.3% yoy to IDR2.59 tn, driving operating profit to decline 14.8% yoy. (Source: Bisnis Indonesia)