PT Bukalapak.com Tbk announced its fiscal year 2025 business performance, reporting a 46% year-on-year increase in consolidated revenue from Rp4.5 trillion in FY2024 to Rp6.5 trillion in FY2025 (13/03).

The company stated that the performance reflects solid growth acceleration across its business lines and stronger profitability.

In the fourth quarter of 2025, Bukalapak recorded revenue of Rp1.8 trillion, rising 9% quarter-on-quarter.

Gaming Segment Becomes Largest Contributor to Revenue

The gaming segment delivered the largest contribution to Bukalapak’s revenue in the fourth quarter of 2025.

This segment operates gaming marketplaces, including Itemku and Lapakgaming.

The segment generated Rp1.5 trillion in revenue during 4Q25, increasing 8% compared with the previous quarter.

The growth was driven by more effective marketing strategies and higher transaction activity toward the end of the year.

Mitra Bukalapak, Investment, and Retail Segments Record Growth

The Mitra Bukalapak segment, which focuses on empowering small and medium enterprises through access to virtual products, recorded revenue of Rp191 billion in 4Q25.

This represented a 12% quarter-on-quarter increase, supported by growing demand for virtual products such as in-game currency and gaming top-up vouchers.

Bukalapak’s investment segment through the B-Money platform also recorded growth.

The segment posted revenue of Rp25 billion in 4Q25, rising 39% quarter-on-quarter due to increased transactions and a higher number of investors.

The retail segment continued to serve as a strategic part of Bukalapak’s digital ecosystem through an omnichannel approach, offering local and international brands.

This segment recorded revenue of Rp74 billion in 4Q25, growing 12% quarter-on-quarter, supported by strong year-end demand and warehouse clearance activities to optimize inventory turnover.

Bukalapak Improves Adjusted EBITDA Position

Alongside revenue growth, Bukalapak reported a significant improvement in its adjusted EBITDA.

For FY2025, adjusted EBITDA improved from negative Rp340 billion in FY2024 to negative Rp62 billion.

In the fourth quarter of 2025, adjusted EBITDA reached negative Rp9 billion, placing the company close to a break-even level.

The company also recorded adjusted EBITDA plus net interest income of Rp747 billion in FY2025, compared with Rp692 billion in the previous year.

Strong Cash Reserves Support Business Expansion

Bukalapak reported cash, cash equivalents, and liquid investments totaling Rp17.8 trillion.

The company stated that this capital position provides flexibility to continue executing long-term growth strategies, develop product innovations, and capture opportunities in a growing market.

PHOTO: BUKALAPAK

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