- Q1 2025 (YoY) revenue grew 57%, with net profit soared 160%
- Operating cash flow grew 91% YoY to IDR 304 billion, reaffirming MR.D.I.Y. Indonesia’s solid liquidity position
- As part of its broader commitment to community impact, MR.D.I.Y. advanced its Sustainability agenda through the dedicated MR.D.I.Y. Untuk Indonesia program and participation in UN Global Compact
Photo 1: MR.D.I.Y. Indonesia’s 1,000th store opened in Bulukumba,
South Sulawesi in February 2025
Jakarta, 29 April 2025 – PT Daya Intiguna Yasa Tbk [the “Company” or “MR.D.I.Y. Indonesia”, IDX: MDIY] reported a solid financial performance in the first quarter of 2025. Revenue rose 57% year-on-year to IDR 1.8 trillion, driven by higher transaction volumes and continued rollout of new stores. Net profit surged 160% YoY to IDR 226 billion, with profit-after-tax margin improving by 5.0 pp. to 12.5%, reflecting enhanced efficiency and margin optimization. The gross profit margin also strengthened to 56%, driven by our continuous operational optimization efforts.
Despite macroeconomic headwinds, MR.D.I.Y. Indonesia maintained its resilience, delivering solid revenue and profit growth — a reflection of our strategy, solid business model, and adaptability in a dynamic retail environment. “As we enter 2025, we are energized by the strong momentum we have achieved through a disciplined execution and thoughtful expansion. As we grow our presence across Indonesia, especially in underserved areas, we remain committed to delivering greater value, accessibility, and long-term positive impact for more Indonesian families,” said Edwin Cheah, President Director of MR.D.I.Y. Indonesia.
Despite macroeconomic headwinds, MR.D.I.Y. Indonesia maintained its resilience, delivering solid revenue and profit growth — a reflection of our strategy, solid business model, and adaptability in a dynamic retail environment. “As we enter 2025, we are energized by the strong momentum we have achieved through a disciplined execution and thoughtful expansion. As we grow our presence across Indonesia, especially in underserved areas, we remain committed to delivering greater value, accessibility, and long-term positive impact for more Indonesian families,” said Edwin Cheah, President Director of MR.D.I.Y. Indonesia.
Strategic Expansion, Driven by Customer Accessibility
In February 2025, MR.D.I.Y. Indonesia reached its monumental milestone by opening its 1,000th store in Bulukumba, South Sulawesi. With a total of 63 additional stores opened in Q1 2025, MR.D.I.Y. Indonesia operated 1,021 stores across Indonesia. This keeps the Company firmly on track in achieving its full-year target of at least 270 new store openings.
The Company’s expansion remains focused on accessibility, with a strong emphasis on underserved regions—including tier 2 & 3 cities —to ensure more Indonesian families are able to access affordable and quality home improvement essentials. With a low industry penetration rate and significant white space across regions, MR.DI.Y. Indonesia sees ample room for continued expansion, reinforcing its long-term growth trajectory.
Alongside store growth, MR.D.I.Y. Indonesia continued to enhance customer engagement, leveraging key festive periods including Ramadan and Eid al-Fitr, by adapting product offering and services to evolving consumer behavior, supported by curated promotions and improved in-store experiences.
The Company’s expansion remains focused on accessibility, with a strong emphasis on underserved regions—including tier 2 & 3 cities —to ensure more Indonesian families are able to access affordable and quality home improvement essentials. With a low industry penetration rate and significant white space across regions, MR.DI.Y. Indonesia sees ample room for continued expansion, reinforcing its long-term growth trajectory.
Alongside store growth, MR.D.I.Y. Indonesia continued to enhance customer engagement, leveraging key festive periods including Ramadan and Eid al-Fitr, by adapting product offering and services to evolving consumer behavior, supported by curated promotions and improved in-store experiences.
Photo 2: Illustration of customers shopping at MR.D.I.Y. Indonesia store
Strong Fundamentals and Responsible Growth
Operationally, MR.D.I.Y. Indonesia remains on a strong footing. The Company’s operating cash flow rose 91% YoY to IDR 304 billion, reaffirming MR.D.I.Y. Indonesia’s healthy liquidity. “Our financial results reflect both the strength of our business model and the rigor of our execution. For the Q1 2025 period, the Company recorded a healthy gearing ratio of 0.4x and return on equity of 34%, highlighting effective capital management and sustained profitability. We continue to strengthen our supply chain operations and improve store-level productivity, serving as key levers that enable us to scale efficiently while maintaining a high level of service standards across our store network,” said Rika Juniaty Tanzil, MR.D.I.Y. Indonesia’s Chief Financial Officer.
MR.D.I.Y. Indonesia Q1 2025 Performance Highlights:
Operationally, MR.D.I.Y. Indonesia remains on a strong footing. The Company’s operating cash flow rose 91% YoY to IDR 304 billion, reaffirming MR.D.I.Y. Indonesia’s healthy liquidity. “Our financial results reflect both the strength of our business model and the rigor of our execution. For the Q1 2025 period, the Company recorded a healthy gearing ratio of 0.4x and return on equity of 34%, highlighting effective capital management and sustained profitability. We continue to strengthen our supply chain operations and improve store-level productivity, serving as key levers that enable us to scale efficiently while maintaining a high level of service standards across our store network,” said Rika Juniaty Tanzil, MR.D.I.Y. Indonesia’s Chief Financial Officer.
MR.D.I.Y. Indonesia Q1 2025 Performance Highlights:
* MR.D.I.Y. Indonesia has furnished results for the quarter ended 31 March 2025 (with the result for quarter ended 31 March 2024 presented as comparative). The information for the quarter ended 31 March 2025 is extracted from the unaudited and unreviewed consolidated financial statements of MR.D.I.Y. Indonesia as of and for the three months ended 31 March 2025 (with the consolidated financial information for the three months ended 31 March 2024 presented as comparative). 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.
In line with the company’s historical milestone, MR.D.I.Y. Indonesia deepens its commitment to give back to the local community through its overarching dedicated Sustainability program, MR.D.I.Y. Untuk Indonesia, which focuses on empowering its ecosystem, including children, women, local suppliers, and the environment. In conjunction with the Company’s 1,000th store opening in February, initiatives such as a beach cleanup in Bulukumba, South Sulawesi, and the MR.D.I.Y. Charity Run engaged local communities in health and sustainability efforts. Furthermore, MR.D.I.Y. Indonesia also became the first Indonesian retailer to join the United Nations (UN) Global Compact, reinforcing its pledge to ethical governance and long-term sustainability.
“As we grow, we are deeply committed to doing so responsibly. We are investing in a continued, inclusive growth that uplifts the communities we serve and contributes to a more sustainable future,” said Edwin.
“As we grow, we are deeply committed to doing so responsibly. We are investing in a continued, inclusive growth that uplifts the communities we serve and contributes to a more sustainable future,” said Edwin.
Looking Forward
With a strong track record of consistent performance—including the past 3-year CAGR of 42% in store count, 75% in revenue, and 191% in profit after tax—MR.D.I.Y. Indonesia continues to stand out in Indonesia’s home improvement retail space, both in growth and scalability.
As the Company stays on track to achieve its full-year target of opening at least 270 new stores, with 63 launched in Q1 2025, it remains equally committed to strengthening operational discipline, enhancing customer experience, and maintaining healthy margins. Backed by strong fundamentals and purposeful execution, MR.D.I.Y. Indonesia is well-positioned to drive sustainable growth and deliver long-term value in 2025 and beyond.
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With a strong track record of consistent performance—including the past 3-year CAGR of 42% in store count, 75% in revenue, and 191% in profit after tax—MR.D.I.Y. Indonesia continues to stand out in Indonesia’s home improvement retail space, both in growth and scalability.
As the Company stays on track to achieve its full-year target of opening at least 270 new stores, with 63 launched in Q1 2025, it remains equally committed to strengthening operational discipline, enhancing customer experience, and maintaining healthy margins. Backed by strong fundamentals and purposeful execution, MR.D.I.Y. Indonesia is well-positioned to drive sustainable growth and deliver long-term value in 2025 and beyond.
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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 document 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 document 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.
