AGMS 2025, MPMX Distributes Dividends Of IDR 525.6 Billion

Photo: Special

JAKARTA - PT Mitra Pinasthika Mustika Tbk (MPMX), a leading automotive consumer company in Indonesia has held an Annual General Meeting of Shareholders (AGMS) to report the performance of the financial year ending on December 31, 2024, at the Lippo Kuningan Building Company office, Jakarta, Wednesday, June 4.

Throughout 2024, the Company recorded solid financial performance amid macroeconomic challenges and the dynamics of the automotive industry. A disciplined business execution, supported by sustainable innovation and prudent management, encourages profitability growth and strengthens the Company's financial position.

For the financial year ending December 31, 2024, the Company recorded revenue growth of 13.8 percent YoY reached IDR 15.8 trillion, and recorded Net Profit (NPAT) of IDR 582 billion, of which this figure is 109 percent of the target set at the beginning of the year. This reflects the resilience of the Company's business model and adaptive ability to market change.

One of the agendas in the AGMS is to determine the use of the Company's Profit for the Fiscal Year which ends on December 31, 2024 and the AGMS agrees to announce an increase in dividend value as a form of ongoing commitment to shareholders.

The final dividend for the 2024 financial year is IDR 120 per share with a total amount of IDR 525,578,842,920 (five hundred twenty-five billion five hundred eight hundred eight million eight hundred forty-two thousand nine hundred twenty rupiahs). This amount is equivalent to an 11% dividend yield of the Company's share price at the time of its close on Monday (26 May 2025).

In another AGMS agenda, the AGMS approved the transfer of part of the shares of the repurchase (tresuri shares) by withdrawing it through the Company's issued and paid-up capital reduction; and approving the amendment to Article 4 paragraph (2) of the Company's Articles of Association in connection with changes in the company's issued and paid-up capital.

MPMX Group Chief Executive Officer Suwito Mawarati is grateful to be able to close 2024 with solid performance amid dynamic industrial and economic challenges.

"The trust of shareholders is the foundation of our sustainability. The decision to distribute dividends reflects our commitment to providing sustainable value to shareholders, as well as showing confidence in the Company's long-term prospects. MPMX will continue to focus on strengthening business fundamentals and is committed to maintaining growth momentum while continuing to focus on strengthening business fundamentals and committed to maintaining growth momentum while continuing to provide optimal returns, and creating sustainable growth," he said, in a written statement, Thursday, June.