April 28, 2025
Jakarta, April 28, 2025. PT Indonesia Kendaraan Terminal Tbk (IDX: IPCC) has successfully recorded positive and solid performance growth in its Financial Performance Report for the First Quarter of 2025 which has been submitted to the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX) today. IPCC was able to record net profit growth of IDR 51.17 billion in Q1 2025 or grew 33.3% year on year (yoy) in March 2025 amidst a decline in wholesale sales figures of 5.1% based on Gaikindo data with a total of 70,892 units. This is in line with the Company's roadmap in 2025, namely integrating services through connectivity and is inseparable from the Company's efforts in running a sustainable business. IPCC always pays attention to aspects of environmental empowerment as a form of appreciation to the entire community around the work environment through various Social and Environmental Responsibility (TJSL) programs during Quarter 1 (one) of 2025.
In terms of revenue, IPCC managed to record an increase in the first quarter, which rose 15.73% (yoy) to Rp203.27 billion from the previous Rp175.64 billion. This achievement was supported by an increase in revenue per largest segment, namely CBU, which increased by 14.78% compared to the same period last year, where the proportion of international was 18.3% and domestic (3.6%). Overall, the contribution of revenue per service is divided into international 80% and domestic 20%, where the distribution of revenue per cargo is 75% CBU, 10% Truck/Bus, 8% Heavy Equipment, 5% General Cargo/Spareparts and 1% other cargo. Specifically for the CBU cargo type, IPCC managed to record positive performance through optimization of operational performance with the implementation of the PTOS-C system at the International Terminal and Domestic Terminal at the Jakarta Branch, implementation of the financial system (PRAYA) and implementation of changes in new business patterns in the commercial sector in full, thereby encouraging revenue optimization. Various business strategies that have been implemented have also produced proud results such as PDC (Pre Delivery Center), Port Stock, and VPC (Vehicle Processing Center) services.
Based on the financial balance sheet, IPCC's performance shows a healthy condition and has solid fundamentals with an increase in assets from IDR 1.84 trillion or around 3.11% from the end of 2024 to IDR 1.89 trillion in the first quarter of 2025 which is supported by an increase in the company's current assets of 7.56% from IDR 905.74 billion at the end of December 2024 to IDR 974.29 billion at the end of March 2025 which is in line with revenue growth. Meanwhile, income from other sectors is also no less productive, both from various businesses and land, building, water, and electricity businesses, which also provide maximum contributions to the Company. IPCC President Director Sugeng Mulyadi said that the increase in Indonesia's overall export value by 6.93% and imports by 5.34% according to BPS data for the Q1 2025 period is also one of the indicators of the Company's increasing financial performance.
Sugeng said that the increasing profit was due to the Company implementing efficiency in every budget usage and focusing on direct income without sacrificing health and safety aspects in operational activities. This is proof that the Company's efficient management in all lines with increased digitalization and transformation that has been carried out will ultimately provide maximum benefits. Meanwhile, in terms of EPS, it also increased from IDR 21.11 in the first quarter of the previous year to IDR 28.14 in the same period this year. In terms of profitability ratio, it also showed good performance. Along with the increase in Profit for the Current Year above, IPCC's Net Profit Margin in the first quarter of this year soared to 25.2% from the same period last year of 21.9% and was followed by EBITDA Margin which also increased to 43.4%.
In order to face the challenges and expect optimistic automotive business conditions to increase in April to December 2025, IPCC focuses on developing sustainable business strategies and continues to strive to expand the management of vehicle terminals in the central and eastern parts of Indonesia, including the Surabaya and Lembar Terminals (Lombok) which are expected to create connectivity between terminals which can ultimately reduce logistics costs with an efficient and integrated process. In the remaining 9 (nine) months of this year, with the increasing number of electric vehicle brands entering Indonesia and the ongoing construction of an industrial base for vehicles and an EV (Electric Vehicle) ecosystem, it is expected to be able to contribute more than 70,000 units. This is certainly a breath of fresh air for investors where there is certainty about IPCC's future performance projections, where in the first quarter of the year, IPCC's stock performance continued to increase by 7.74% from the opening price at the beginning of the year, concluded Sugeng.
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