PT Akulaku Finance Indonesia posted a net profit of Rp63.73 billion in 2024. This marked a 46.72% year-on-year decrease compared to Rp119 billion in 2023, based on the company’s financial statement published in Harian Bisnis Indonesia, Tuesday (15/4/2025).

The company’s net income in 2024 stood at Rp63.73 billion, a sharp decline from Rp119 billion in the previous year. The year-on-year decrease occurred despite growth in total revenue.

Revenue Rises to Rp894 Billion Driven by Consumer Financing

Akulaku Finance booked Rp894 billion in revenue in 2024, growing 14.06% from Rp784 billion in 2023. The revenue was composed of Rp718 billion from consumer financing, Rp95 billion from recovered written-off receivables, and Rp79.57 billion from other income.

Total expenses reached Rp818 billion, increasing 29.71% from Rp630 billion in 2023. The growth in expenses outpaced revenue growth, contributing to the decline in profit.

Asset and Liability Growth Reflects Business Expansion

Total assets rose to Rp2.93 trillion in 2024, a 214.9% increase from Rp931 billion in 2023. The asset composition included Rp559 billion in cash and bank balances, Rp120 billion in restricted cash, Rp2.2 trillion in net consumer financing receivables, and Rp39 billion in other receivables.

Other recorded assets were Rp1.8 billion in prepaid expenses, Rp5.8 billion in net fixed and right-of-use assets, Rp3.06 billion in deferred tax assets, and Rp163 million in miscellaneous assets.

Total liabilities increased significantly to Rp2.09 trillion, a 1,240% surge from Rp156 billion in 2023. Equity also rose 8.41% year-on-year, reaching Rp840 billion from Rp775 billion.

PHOTO: BLOOMBERG TECHNOZ

This article was created with AI assistance.