ERAA – Weaker earnings amid delayed iPhone 16 launch in Indonesia

ERAA – Weaker earnings amid delayed iPhone 16 launch in Indonesia Erajaya Swasembada (ERAA) reported a 20.37% yoy decline in net profit for 1Q25 become IDR203 bn (prev: IDR255 bn), following a 4.6% yoy drop in sales to IDR15.88 tn (prev: IDR16.64 tn). Management noted that retail sector performance has softened due to weakening consumer purchasing power and global economic headwinds. In addition, ERAA’s performance was affected by the delayed arrival of the iPhone 16 in Indonesia during 1Q25. The device could not be sold locally due to the absence of a Local Content Requirement (LCR) certificate, with official distribution only beginning in April 2025. (Source : Bisnis Indonesia)