JAKARTA – PT Panca Budi Idaman Tbk (PBID) reported a 29.7% year-on-year (yoy) increase in net profit to IDR 485 billion in 2024, up from IDR 374 billion in the previous year.

According to its latest financial report, PBID's 2024 net profit performance was supported by net sales, which reached IDR 5.26 trillion. Net sales in this period grew by 11.5% from the previous year’s IDR 4.70 trillion.

On the other hand, PBID's cost of revenue only rose by 9.2% to IDR 4.19 trillion in 2024. This increase was lower than the company’s "top line" growth, leading to a 21.6% rise in gross profit, which amounted to IDR 1.05 trillion.

According to data from IDNFinancials.com, PBID had total assets of IDR 3.58 trillion as of 31 December 2024, while its total equity stood at IDR 2.52 trillion. (DH/KR)