- Revenue grew 73.9% YoY, with net profit surging 205.6% YoY
- The Company added 270 new stores across Indonesia in 2024, expanding its reach and leading in store count within its industry
- At least 40% of Company’s FY2025 annual profits will be allocated as dividends.
Jakarta, March 25, 2025 - PT Daya Intiguna Yasa, Tbk [the “Company” or “MR.D.I.Y. Indonesia”, IDX: MDIY] ended 2024 with strong financial performance, delivering net profit growth of 205.6% YoY to IDR 1.1 trillion, outpacing revenue growth of 73.9% YoY to IDR 6.8 trillion. This strong profit growth reflects the Company’s ability to expand efficiently while continuing to improve margins and to strengthen operational effectiveness.
Amid a dynamic industry landscape, the Company’s strong performance is built on a solid business foundation. “This success reflects an expansion strategy that is not only growth-driven but also focused on long-term sustainability. By maintaining operational excellence and prioritizing customer experience, MR.D.I.Y. Indonesia is well-positioned to further strengthen its leadership in Indonesia’s home improvement retail industry,” said Edwin Cheah, President Director of MR.D.I.Y. Indonesia.
Expansion and Market Leadership
With its extensive store network, MR.D.I.Y. Indonesia far surpasses its peers, solidifying its position as the market leader in Indonesia’s home improvement retail industry.
Financial Strength and Continued Investment
In addition to business growth and operational efficiencies, MR.D.I.Y. Indonesia’s strong financial position provides a solid foundation for continued strategic expansion in 2025. “Efficient operational management remains our top priority. Throughout 2024, the Company generated IDR 1.3 trillion of cash from operating activities, up 62.1%, alongside a healthy gearing ratio of 0.5x, reflecting a strong financial structure to support long-term growth,” said Rika Juniaty Tanzil, MR.D.I.Y. Indonesia’s Chief Financial Officer.
MR.D.I.Y. Indonesia achieved a compound annual growth rate (CAGR) of 97% in revenue (2021 - 2024) and 191% (2022 - 2024) in net profit, proving its highly scalable and efficient business model.
Outlook for 2025 and Beyond
Furthermore, the Company is committed to delivering long-term value to its stakeholders. The Company will allocate at least 40% of annual net profit of FY2025 as dividends, as stated in its IPO prospectus, subject to shareholder approval and financial conditions.
"As we continue to grow in Indonesia, our strong financial position, innovative customer-centric approach, and operational efficiency will ensure that MR.D.I.Y. Indonesia remains on the right track for sustainable growth and long-term business resilience," Edwin concluded.
MR.D.I.Y. Indonesia Performance Highlights:
1MR.D.I.Y. Indonesia has furnished results for the year ended December 31, 2024. The information for the year ended December 31, 2024 is extracted from the consolidated financial statements of MR.D.I.Y. Indonesia as of and for the year ended December 31, 2024 (with the consolidated financial information as of and for the year ended December 31, 2023 presented as comparative) that has been audited by the Public Accountant in accordance with the auditing standards established by Indonesian Financial Accounting Standards with an unmodified opinion dated March 24, 2025. It is important to note that MR.D.I.Y. Indonesia completed the acquisition of PT Mitra Indoguna Yasa (“MIY”) and its subsidiary in Q2 2024, and the reported consolidated financial results incorporate the impact of this acquisition accordingly.
About MR.D.I.Y.
MR.D.I.Y. is the largest home improvement retailer in Southeast Asia, with over 4,000 stores across Asia and Europe, including Malaysia, Thailand, Indonesia, Singapore, Brunei, the Philippines, Cambodia, Vietnam, India, Turkiye, Spain, and Poland. MR.D.I.Y. is dedicated to making a positive difference for valued customers by offering a convenient shopping experience in all its stores nationwide. All MR.D.I.Y. stores are managed directly by the company and collaborate with mall owners and other property owners. MR.D.I.Y. stores offer approximately 18,000 product varieties across 10 major categories, including household appliances, furnishing, electrical, stationery & sports equipment, hardwares, jewelry & cosmetics and complementary categories such as toys, car accessories, and computer & handphone accessories. The Company strives to always put customers first by operating an innovative business that is flexible when it comes to providing a wide variety of products, good quality, and value-for-money, holding true to Company’s motto: "ALWAYS LOW PRICES"
Forward-looking statement
This document may contain forward-looking information or forward-looking statements including, but not limited to discussions of strategy, future plans and indicative financial performance (collectively, “forward-looking information”). All information contained in this document that is not clearly historical in nature or that necessarily depends on future or subsequent events is forward-looking information prepared as of the date of this document is based upon the opinions and estimates of management as well as the information available to management as of the date of this document. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "expect", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, expressions and phrases, including negative and grammatical variations thereof, or statements that certain events or conditions "may,” or "will" happen, or by discussion of strategy.
Forward-looking information is based on a variety of current internal expectations, estimates, projections, assumptions, and beliefs that, while deemed reasonable by management, are subject to significant business, economic, competitive landscape, and other uncertainties and contingencies. This information does not serve as a guarantee of future performance which involves both known and unknown risks, uncertainties, conditions and other factors (including the risk factors outlined in the Company’s IPO Prospectus pertaining the Company’s consolidated financial statements and Management’s Discussion & Analysis), which could result in actual outcomes, performance, or achievements differing materially from those expressed or implied by the forward-looking information. Any estimates, business or investment strategies, or views expressed in this Annual Report are based on current market conditions and/or data provided by unaffiliated third-party sources, and may change without prior notice. If any information in this Annual Report was obtained from third-party sources, the Company has not independently verified it, and there is a risk that the assumptions and conclusions drawn based on such information may not be accurate or complete. Unless required by law, the Company is under no obligation to update or revise any forward-looking information due to new information, events, or otherwise. Readers are advised not to place undue reliance on this forward-looking information, which should not be seen as the sole basis for making any investment decisions.
Kontak Media:
Feby Budi Dayono
Sr. Manager Corporate Communications
MR.D.I.Y. Indonesia
feby.dayono@mrdiy.com
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Eliza Viyantina
Artemis Indonesia
eliza.viyantina@artemishub.id
