INDUSTRI DAN PERDAGANGAN BINTRACO DHARMA (CARS) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached Rp1.13 trillion, a decrease from Rp1.43 trillion in Q1 2025, mainly due to lower automotive sales and aftersales revenue.

• Net profit attributable to owners for Q1 2026 was Rp49.1 billion, slightly up from Rp48.4 billion in Q1 2025.

• Total assets as of March 31, 2026, stood at Rp2.96 trillion, with equity at Rp1.38 trillion and liabilities at Rp1.58 trillion.

Financial highlights

• Gross profit for Q1 2026 was Rp168.3 billion, down from Rp185.1 billion in Q1 2025.

• Operating profit for Q1 2026 was Rp75.5 billion, compared to Rp36.8 billion in Q1 2025.

• Basic earnings per share for Q1 2026 was Rp3.28, up from Rp3.23 in Q1 2025.

• Cash and cash equivalents increased to Rp388.2 billion as of March 31, 2026, from Rp374.6 billion at year-end 2025.

Outlook and guidance

• Management continues to focus on operational efficiency and cost control amid market uncertainties.

• Several subsidiaries face going concern issues due to recurring losses and capital deficiencies, with plans for restructuring and cost reduction.