JAKARTA – PT AKR Corporindo Tbk (AKRA) has set a net profit target of IDR 2.4–IDR 2.6 trillion in 2025, supported by the potential for a 5%-7% increase in gross profit from the trading and distribution segment.

Previously, AKRA recorded a net profit of IDR 2.23 trillion throughout 2024, down 19.97% year-on-year (yoy). Meanwhile, revenue fell 7.9% to IDR 38.72 trillion.

However, on a quarterly basis, AKRA posted a 2% revenue increase to IDR 10 trillion in Q4 2024 compared to Q3 2024. Net profit also surged by 62% quarter-on-quarter (qoq) to IDR 756 billion.

The significant profit growth in Q4 2024 has fuelled AKRA’s optimism for this year. “With a strong financial position and healthy cash flow, we are confident in maintaining sustainable growth in 2025,” said Haryanto Adikoesoemo, President Director of AKRA, in an official statement on Wednesday (19/3).

In addition to the net profit target of IDR 2.4-2.6 trillion and gross profit growth of 5%-7% year-on-year (yoy), AKRA also aims to sell up to 100 hectares of land in JIIPE this year to attract more investors.

As JIIPE becomes more occupied, AKRA is also targeting higher revenues from the utility sector. Moreover, to achieve its 2025 targets, AKRA plans to expand its petrol station network and improve liquidity and working capital efficiency. (EF/ZH)