JAKARTA – PT VKTR Teknologi Mobilitas (VKTR) posted a 39.48% increase in net profit in 2024, reaching IDR 7.56 billion, up from IDR 5.42 billion in the previous year.

According to the 2024 financial report, VKTR’s net sales amounted to IDR 1 trillion, down by approximately 5.66% from the same period the previous year, which was IDR 1.06 trillion.

VKTR’s sales contribution in 2024 came from its spare parts trading and scrap metal segment, which decreased to IDR 862.21 billion, while sales from battery-based electric motor vehicles grew, reaching IDR 144.24 billion.

In line with the revenue contraction, the cost of goods sold decreased to IDR 825.51 billion. However, VKTR's gross profit still saw a 16.51% decline to IDR 178.14 billion in 2024.

With total operating expenses rising to IDR 168.74 billion, VKTR’s operating profit dropped by 81.67% to just IDR 9 billion.

Net profit also shrank by 58.42% to IDR 12.3 billion. However, the 80.41% lower non-controlling interest allowed VKTR to record a 39.48% increase in net profit attributable to the owners of the parent entity.

According to data from IDNFinancials.com, VKTR’s total assets decreased to IDR 1.6 trillion in 2024, while its total equity rose to IDR 1.15 trillion in 2024. (DH/ZH)