PT Astra International Tbk (ASII) ranked first among listed companies on the Indonesia Stock Exchange (IDX) by recording revenue of IDR 330.91 trillion in 2024. This marked a 4.53% year-on-year increase from IDR 316.56 trillion.

The automotive segment contributed IDR 133.05 trillion. The heavy equipment, mining, construction, and energy segment brought in IDR 134.42 trillion. Other segments included financial services (IDR 33.10 trillion), agribusiness (IDR 21.81 trillion), infrastructure and logistics (IDR 8.33 trillion), information technology (IDR 2.81 trillion), and property (IDR 1.37 trillion).

Bank Rakyat Indonesia and Bank Mandiri Follow in Revenue Rankings

PT Bank Rakyat Indonesia Tbk (BBRI) took second place with revenue of IDR 208.07 trillion. The total includes income from interest, loan provisions, and commissions, as well as premiums and Sharia services.

PT Bank Mandiri Tbk (BMRI) followed in third with IDR 164.33 trillion in revenue. This also came from a combination of interest, Sharia-based services, loan provisions, commissions, and insurance premiums.

United Tractors and Alfamart Report Double-Digit Trillion Revenue

PT United Tractors Tbk (UNTR), a subsidiary of Astra International, placed fourth with IDR 134.42 trillion in revenue—an increase of 4.54% year-on-year. It earned IDR 58.0 trillion from mining contracting, IDR 37.3 trillion from construction machinery, IDR 26.0 trillion from thermal and metallurgical coal mining, and IDR 9.9 trillion from gold and other minerals.

PT Sumber Alfaria Trijaya Tbk (AMRT), known for operating Alfamart stores, secured fifth place. The company posted IDR 118.23 trillion in revenue, up 10.56% year-on-year.

Top-Line Growth Not Always Reflected in Profit Amid 2024 Pressures

Strong revenue growth did not always align with profit performance. Several companies faced mounting operational costs in 2024 due to high benchmark interest rates, currency depreciation, tightening global inflation, geopolitical risks, and economic slowdown pressures.

PHOTO: PEXELS/TOM FISK

This article was created with AI assistance.