PT Mitra Pinasthika Mustika Tbk (MPMX) reported a net profit of Rp173 billion in Q1 2026, up 8% year-over-year despite a 4% decline in net revenue to Rp4.0 trillion. The company improved operational efficiency amid economic slowdown in the automotive sector. Group CFO Beatrice Kartika expressed optimism about sustained performance resilience.
PT Mitra Pinasthika Mustika Tbk (MPMX) released its unaudited Q1 2026 financial report, showing improved profitability despite economic challenges. Net revenue fell 4% YoY to Rp4.0 trillion, but gross profit rose 3% YoY to Rp365 billion with a margin of 9.1% from 8.5%. Operating profit increased 6% YoY to Rp193 billion, with margin improving to 4.8% from 4.3%.
MPMX Group CFO Beatrice Kartika said, "Meski demikian, fokus Perseroan dalam menjaga keseimbangan antara pertumbuhan dan kualitas, berhasil mendorong efisiensi operasional, memperkuat profitabilitas, serta menerapkan disiplin dalam pengelolaan risiko, khususnya pada segmen pembiayaan. Kami optimis MPMX dapat terus menjaga ketahanan kinerja secara berkelanjutan."
By segment, MPMulia's two-wheeler distribution and retail saw net revenue drop 3% YoY to Rp3.797 billion, but gross profit rose 2% to Rp321 billion with margin at 8.5% from 8.0%. Motorcycle distribution fell 5% YoY, offset by 3% YoY retail sales growth and 4% YoY after-sales revenue.
MPMInsurance's insurance segment recorded 17% YoY revenue decline to Rp204 billion, but insurance service results rose 10% YoY to Rp44 billion due to 22% YoY cost of revenue reduction.
