Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — FY2025 Earnings Presentation
22 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, 2026
Slide 1: Mitra Adiperkasa Audited Result FY/4Q 2025
Mitra Adiperkasa AUDITED RESULT FY/4Q 2025 fk
Slide 2: Table of Contents
TABLE OF CONTENTS 01. Indonesia Macroeconomic Indicators 02. Overview of MAP Group 03. FY/4Q 2025 Financial Highlights 04. Appendix 2
Slide 3: Indonesia macroeconomic developments: GDP growth
We monitor macroeconomic developments closely to ensure we remain responsive to changing conditions. Indonesia GDP growth (%YoY) INFLATION Quarter Q1 Q2 Q3 Q4 2019 5.1 5.1 5.0 5.0 2020 3.0 -5.3 -3.5 -2.2 2021 -0.7 7.1 3.5 5.0 2022 5.0 5.4 5.7 5.0 2023 5.0 5.2 4.9 5.0 2024 5.1 5.1 5.0 5.0 2025 4.87 5
Slide 4: Overview of Group
OVERVIEW OF GROUP Over 4,023 150 + Retail Stores 80 + 51 online stores + Presence in 3rd party online stores World Class Brands Cities* 7 Countries Indonesia Vietnam Philippines Singapore 33,111 Thailand Malaysia Cambodia Employees * Excluding regional countries 4
Slide 5: Morning -
Morning 3 - 38 Power dressing Travelling \, Ree Passion for in-style _ sports
Slide 6: Brand portfolio by store category
Department Food & Others Stores Specialty Stores Beverage Active Fashion & Beauty Tech Sports Zara Gianvito Rossi Sephora Digimap Starbucks Coffee Kinokuniya SOGO Sports Station Skechers 2XU BOSS Golf Massimo Dutti Forever New Sulwhasoo Subway Alun Alun Indonesia SEIBU New Balance Crocs PXG Digiplus
Slide 7: Retail Footprint FY 2025
RETAIL FOOTPRINT FY 2025 Category No. Stores Space (sqm) Consolidated 4,023 1,242,613 Department Store 69 338,618 Specialty Store 3,081 680,085 Active 2,239 472,961 Fashion & Beauty 614 184,095 Digital 228 23,029 F&B 867 215,779 Others 6 8,131 7
Slide 8: Financial Highlights FY/4Q 2025
FINANCIAL HIGHLIGHTS FY/4Q 2025 8
Slide 9: Financial highlights FY and 4Q 2025
*) After PSAK 73/ IFRS 16 FY FY 4Q 4Q in IDR Billion % Growth % Growth 2025 2024 2025 2024 Net Sales 43,083 37,836 13.9% 13,046 10,220 27.7% Gross Profit 17,954 16,140 11.2% 5,297 4,316 22.7% % Margin 41.7% 42.7% 40.6% 42.2% EBIT 3,990 3,450 15.6% 1,505 1,062 41.7% % Margin 9.3% 9.1% 11.5% 10.4% EBI
Slide 10: Net Sales
(IDR bn, %) % GROWTH FY 25 FY 24 FY 23 FY 22 FY 21 YoY 13.9% 13.6% 23.7% 46.2% 24.1% 43,083 NET SALES 37,836 33,319 26,937 18,424 FY 25 FY 24 FY 23 FY 22 FY 21 10
Slide 11: Aging inventory and inventory days
(Days, IDR bn, %) AGING INVENTORY FY 25 FY 24 FY 23 FY 22 FY 21 FY 20 > 6 MONTHS 29% 26% 23% 25% 43% 38% 152 136 126 126 125 102 INVENTORY DAYS 11
Slide 12: Balance sheet
(IDR bn) As of As of As of As of As of As of ASSETS LIABILITIES & EQUITY 31 DEC '25 31 DEC '24 31 DEC '23 31 DEC '25 31 DEC '24 31 DEC '23 CASH & EQUIVALENTS 5,042 4,040 3,675 BANK LOAN 2,898 2,329 2,885 ACCOUNT 1,157 1,086 1,145 BONDS PAYABLE - 430 430 RECEIVABLES INVENTORIES 9,342 8,290 8,088 ACCO
Slide 13: Stores by country as of December 2025
as of December 2025 INDONESIA PHILIPPINES VIETNAM • 3,543 stores • 261 stores • 40 stores • 150+ exclusive brands • 23 exclusive brands • 12 exclusive brands THAILAND MALAYSIA SINGAPORE CAMBODIA • 55 stores • 85 stores • 27 stores • 12 stores • 11 exclusive brands • 8 exclusive brands • 10 exclusive
Slide 14: Sales by region as of December 2025
as of December 2025 Sulawesi 2% Others Sumatera 3% 6% Overseas 17% Bali 6% Jawa 19% Jakarta 47% 14
Slide 15: Online Retail Stores
ONLINE RETAIL STORES ACTIVE FASHION DIGITAL 3rd Party Marketplaces SPORTS STATION NEW BALANCE ID ZARA ID DIGIMAP ID SHOPEE PLANET SPORTS.ASIA NEW BALANCE TH ZARA VN DIGIMAP PH LAZADA FOOT LOCKER ID ALDO ID ZARA Cambodia DIGIBOX VN TOKOPEDIA FOOT LOCKER MY ALDO MY PULL & BEAR DIGIBOX Cambodia ZALORA
Slide 16: Contribution by channel and segment
(IDR bn, %) CONTRIBUTION BY CHANNEL ONLINE SALES CONTRIBUTION 2025 2024 2023 2022 2021 Own Platforms, 51% CONTRIBUTION 9.8% 9.2% 8.8% 9.0% 13.0% 4,203 3rd Party Marketplaces, 49% 3,482 2,933 2,419 2,388 CONTRIBUTION BY SEGMENT Digimap Foodhall 21% 1% F&B 5% 2025 2024 2023 2022 2021 Dept Store 10% FY
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Slide 18: Operational Expenditure
OPERATIONAL EXPENDITURE *) After PSAK 73/ IFRS 16 in % of sales FY 25 FY 24 4Q 25 4Q 24 FY 23 NET SALES 43,083 37,836 13,046 10,220 33,319 LABOR 10.2% 10.7% 8.4% 9.5% 11.3% RENTAL 4.1% 4.4% 3.3% 3.2% 4.3% DEPRECIATION & AMORT. 7.6% 7.8% 6.5% 7.8% 7.7% UTILITIES 1.1% 1.2% 1.1% 1.1% 1.2% A&P 1.8% 1.7%
Slide 19: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN FY 25 FY 24 4Q 25 4Q 24 Net Revenue 36,846 31,631 11,392 8,634 % Growth 16.5% 20.6% 31.9% 10.9% EBIT 3,753 3,120 1,428 921 % Ebit Margin 10.2% 9.9% 12.5% 10.7% FASHION ACTIVE TECH ZARA 20 Stores SPORTS STATION 400 Stores DIGIMAP 222 Stores MARKS &
Slide 20: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 FOOD & BEVERAGE In IDR BN FY 25 FY 24 4Q 25 4Q 24 STARBUCKS COFFEE 597 Stores Net Revenue 3,236 3,228 882 807 SUBWAY 118 Stores % Growth 0.2% -19.3% 9.3% -13.0% PIZZA MARZANO 23 Stores COLD STONE 15 Stores EBIT (137) (95) (13) (12) KRISPY KREME 44 Stores % E
Slide 21: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN FY 25 FY 24 4Q 25 4Q 24 Net Revenue 2,742 2,694 712 706 % Growth 1.8% 5.8% 0.8% 6.4% EBIT 377 415 90 151 % Ebit Margin 13.7% 15.4% 12.6% 21.4% DEPARTMENT STORE SOGO 18 Stores SEIBU 1 Stores GALERIES LAFAYETTE 1 Stores THE FOODHALL 49 Stores TOTAL
Slide 22: Thank You
THANK YOU INVESTOR RELATIONS CONTACT DETAILS: " This presentation material contains the latest financial information, business strategies and the prospective financial information Ratih Darmawan Gianda of the Company. The business strategies are subject to changes due to uncertainties that could aff