ACES – Potential performance recovery this year

ACES – Potential performance recovery this year Aspirasi Hidup Indonesia (ACES) recorded positive same-store sales growth (SSSG) of 1% in January 2026, following pressure throughout 2025, particularly after the Eid period in 2Q25. ACES will continue to drive retail network expansion by targeting 60 new cities that currently do not have AZKO stores, with approximately two stores per city. The expansion is focused on tier 2 and tier 3 cities, particularly outside Java. Note that, ACES recorded revenue of IDR6.33 tn (+1.69% yoy) and net profit of IDR481.09 bn (-16.21% yoy) in 9M25. (Source : Bisnis Indonesia)