PT DFI Retail Nusantara Tbk, an Indonesian-based subsidiary of DFI Retail Group Holdings Limited, released its financial report for the year ended December 31, 2024, showing improved financial results. The company reported a 4% increase in net revenue year-on-year, reaching Rp 4,544 billion. The loss from continuing operations narrowed to Rp 146 billion, and the reported loss significantly reduced to Rp 6 billion. The strong performance of the Health and Beauty segment, particularly Guardian, drove the positive results, with double-digit like-for-like sales and profit growth. Despite weak home furnishings demand impacting IKEAs performance, effective cost-saving measures contributed to narrowing losses. The company also successfully divested its Hero Supermarket segment and sold non-core properties, strengthening its financial position. PT DFI Retail Nusantara Tbk expects the Health and Beauty business to maintain its momentum and remains well-positioned for sustainable growth in the medium to long term.
| Year | Net Revenue | Gross Profit | Loss from Continuing Operations | Reported Loss | Loss Per Share from Continuing Operations | Reported Profit per Share |
|---|---|---|---|---|---|---|
| 2024 | Rp 4,544 billion | Rp 1,917 billion | Rp 146 billion | Rp 6 billion | Rp (35) | Rp (1) |
| 2023 | Rp 4,387 billion | Rp 1,812 billion | Rp 431 billion | Rp 132 billion | Rp (103) | Rp (32) |
| Change | 4% | 6% | 66% reduction | 96% reduction | 66% reduction | 96% reduction |