ERAA Records a 25% Increase in Net Profit

Jakarta, March 26, 2025 – PT Erajaya Swasembada, Tbk. (ticker code: ERAA) announced its financial report for the fiscal year 2024 (FY24), achieving positive results with an 8.5% YoY increase in net sales, which drove a 25.0% increase in net profit attributable to the owners of the parent entity, reaching IDR 1,032 billion compared to 2023.

The key highlights of financial and business performance are as follows:

Net sales recorded at IDR 65.3 trillion, an increase of 8.5% from the previous year's IDR 60.1 trillion.
In line with sales growth, gross profit increased by 12.8% to IDR 7.2 trillion, with a gross profit margin of 11.2%.
Net profit attributable to the owners of the parent entity grew by 25.0% to IDR 1,032 billion.

Hasan Aula, Vice President Director of PT Erajaya Swasembada Tbk, stated, "We have successfully maintained the positive momentum achieved in previous periods, driven by our strategic focus on expanding the company's brand portfolio. Additionally, we have proactively leveraged seasonal opportunities, such as the Christmas and year-end holidays, to offer products that align with consumer needs."

The cellular phones & tablet segment remains the most significant contributor to net sales, accounting for 80.3% of total revenue. As part of its vertical expansion beyond handsets, the company also recorded substantial growth in the accessories and other segments, which grew by 23.0% and contributed 13.1% to net sales.

Furthermore, in 2024, the company, through its subsidiaries, successfully added several strategic new brands to its business portfolio, including Curry Up and Bacha Coffee in the Erajaya Food & Nourishment segment, XPENG, marking the company's expansion into the smart EV industry, and Under Armour, a sports apparel retail brand under the Erajaya Active Lifestyle vertical.

In 2024, the company also successfully opened 278 new stores, bringing the total retail network to 2,194 stores across Indonesia, Malaysia, and Singapore by the end of December 2024. This expansion is supported by 77 company-owned distribution centers, which have supplied products to over 54,000 third-party retail outlets.

In the future, the company will remain focused on expanding its retail business through a broader retail network expansion and adding new retail brands that complement its business portfolio. The company plans to open approximately 300 new stores in 2025, with flexible adjustments based on macroeconomic conditions and the availability of strategic store locations.

For further information, please contact:

PT Erajaya Swasembada Tbk

Erajaya Plaza

Jl. Bandengan Selatan No. 20

Pekojan-Tambora, Jakarta Barat 11240

Amelia Allen

Corporate Secretary

Tel. +62-21 690 5788

Email [email protected]

Djunadi Satrio

Corporate Communication

Tel. +62-21 690 5788

Email:d[email protected]; [email protected]