- ERAA’s net profit in 2024 rose by 25% compared to 2023
- Recorded net sales of IDR 15.88 trillion in Q1 2025, with net profit reaching IDR 212 billion
- Diversification in progress, with contribution from accessories and other products increasing to 15.7%
Jakarta, June 10, 2025 — PT Erajaya Swasembada Tbk (“Erajaya” or “ERAA” or “the Company”) held its Annual and Extraordinary General Meeting of Shareholders (AGMS and EGMS) today in Jakarta. One of the key resolutions passed was the approval of a cash dividend distribution to shareholders of IDR 19 per share, with a total payout of IDR 299.89 billion.
This distribution reflects the Company’s strong performance in 2024, during which ERAA recorded a net profit attributable to the owners of the parent entity of IDR 1.03 trillion—an increase of 25 percent year-on-year (YoY) compared to 2023.
“This dividend distribution reflects our continued commitment to delivering tangible returns to shareholders, while reaffirming the company’s direction to strengthen its business diversification and innovation strategies. We believe that by expanding our product portfolio and leveraging digital technology, Erajaya will remain highly relevant in meeting customer needs and achieving sustainable growth,” said Hasan Aula, Deputy President Director of PT Erajaya Swasembada Tbk.
The Company’s Extraordinary General Meeting of Shareholders also approved the extension of the transfer period for a portion of the Company’s Treasury Shares to support the Management and Employee Stock Ownership Program (“MESOP”), with a maximum of 51,540,500 shares, equivalent to 0.32% of the Company’s issued and fully paid-up capital.
Company Performance
In 2024, Erajaya successfully expanded its business portfolio into non-electronic sectors, including food and beverages (F&B), health (Wellings Pharmacy), and active lifestyle through strategic partnerships with global brands such as JD Sports, Garmin, and Urban Republic. Traffic on its e-commerce platforms also grew significantly, supported by strengthened digital capabilities, marketplaces, and increasingly integrated conversational commerce.
The Company also reaffirmed its commitment to sustainability through the Lentera Cerdas, Sehat, Kasih, dan Hijau program, which supports 10 Sustainable Development Goals (SDGs). Erajaya’s ESG Sustainalytics score was recorded at 14.7, underscoring its position as a company with strong sustainable business practices.
Erajaya posted solid performance throughout Q1 2025, with net sales of IDR 15.88 trillion and a net profit of IDR 212 billion.
The Company also recorded a shift in product line contributions. The accessories and other products segment increased its contribution from 11.4% in Q1 2024 to 15.7% in Q1 2025.
“This shift reflects the success of our diversification strategy, which not only relies on core products but also strengthens the portfolio in accessories and lifestyle products. We are increasingly optimistic about the remainder of 2025, expecting the contribution from portfolios beyond phones and tablets to grow alongside the presence of XPENG, the electric vehicle that is now available for pre-order and test drives,” added Hasan Aula. In Q1, the phone and tablet segment still dominated with a contribution of 77.7%. Nonetheless, the diversification trend shows a positive direction for the company’s long-term growth.
During this quarter, the Company also opened 34 new stores, including an increase in Erajaya Digital units from 1,663 to 1,686, Erajaya Active Lifestyle from 171 to 179, and Food & Nourishment from 35 to 37 units. The Company’s loyalty program membership also grew positively to 14 million customers by the end of March 2025.
“The achievements we reached in the first quarter of this year indicate a positive direction for Erajaya Group to accelerate growth in the future. Our focus is not only on expanding the retail network but also on innovating business models, developing new products, and leveraging digital technology to strengthen the omnichannel ecosystem. We are optimistic that with this foundation, we can strengthen our position in the ever-growing market,” said Hasan Aula.
2025 Strategic Plan: Expansion and Diversification into Tier 2 and 3 Cities
Entering 2025, Erajaya will focus on expanding into tier 2 and 3 cities outside Java Island by developing street-level stores closer to customers. The company will also enrich its brand portfolio, strengthen long-term partnerships with principals, and provide increasingly integrated cross-channel shopping experiences. This strategy is expected to optimize margins through cost efficiency and increased customer transaction value.
“We believe that the key to Erajaya Group’s future lies in the ability to adapt, innovate, and continuously expand business opportunities. Through portfolio diversification, strengthening the digital ecosystem, and integrated sustainability strategies, we hope to keep delivering added value to customers and support sustainable growth in the retail industry,” said Hasan Aula.
The Annual General Meeting of Shareholders (AGM) today also discussed several agendas, including:
- Approval of the Annual & Sustainability Report and the ratification of the Company’s Consolidated Financial Statements for the fiscal year ending December 31, 2024
- Determination of the use of net profit attributable to the owners of the Company’s parent entity for the fiscal year 2024
- Delegation of authority to the Company’s Board of Commissioners to appoint a Public Accounting Firm to audit the Company’s consolidated financial statements for the fiscal year 2025, and to set the honorarium for the Public Accounting Firm as well as other requirements
- Determination of honorarium and/or allowances for the Company’s Board of Commissioners and delegation of authority to the Board of Commissioners to set remuneration for the Company’s Board of Directors for the fiscal year 2025
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