JAKARTA - PT Trimegah Sekuritas Indonesia Tbk (TRIM) recorded a 59.9% year-on-year (yoy) increase in net profit to IDR 259.9 billion in 2024, from IDR 162.5 billion in the previous year.

Based on its latest financial report, TRIM's net profit growth in 2024 was in line with its revenue performance, which reached IDR 907.1 billion, growing 27.3% yoy. In the previous year, the securities company only booked revenue of IDR 712.96 billion.

Philmon Samuel Tanuri, President Director of TRIM, said the performance in 2024 was the highest or All Time High (ATH) in the company's history. This growth, said Tanuri, is also inseparable from the company's various initiatives and strategies.

"TRIM is determined to continue to innovate in various aspects of its business and strengthen digitalisation to improve efficiency and service accessibility," Philmon said in his official statement, Tuesday (11/3).

Throughout 2024, investment manager activity services were still the largest contributor to TRIM's revenue, with IDR 283.01 billion. Revenue from Securities Trading Brokerage (PPE) commissions reached IDR 176.47 billion, securities underwriting services IDR 63.28 billion, financial advisory services IDR 29.09 billion, and others IDR 4.9 billion.

Especially for the PPE business, TRIM recorded a 79.8% yoy jump in revenue in 2024. This surge was supported by securities trading transaction facilities from the TRIMA+ application online trading platform. (DH/KR/LM)