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3Q26 Top-line
3Q26 revenue rose 10.7% YoY and 1.2% QoQ to IDR5.43tn, first third-quarter QoQ rise in 10 years per company. Same-store sales growth (SSSG) was 5.2% YoY in 3Q26 (2Q26: 2.7%); 6.1% YoY incl. mobile top-up, now booked as fee income. Net store additions: 121 in 9M26 (9M25: 92).
3Q26 Bottom-line
3Q26 net profit was IDR220bn (up 9.7% YoY, down 0.4% QoQ), operating profit IDR228bn (up 14.2% YoY). 9M26 net profit rose 19.4% YoY to IDR706bn vs 27.2% YoY pre-tax growth, as effective tax rate rose to 19.8% (9M25: 14.6%, aided by IDR33.6bn tax effect of subsidiary sale).
9M26 Mix & Balance Sheet
51.0% of 9M26 revenue came from outside Java (+16.9% YoY, segment income +31.9% YoY); Greater Jakarta revenue rose 0.4% YoY, segment income fell 7.6% YoY. Net gearing was (6.6)% at Sep-26 vs (12.7)% at Dec-25 as net cash fell 44.4% YTD to IDR321bn. With leases: +7.4%.
Important Ratios
3Q26 gross margin 26.97% (+23bps YoY, +21bps QoQ), operating margin 4.19% (+13bps YoY), net margin 4.04% (down 4bps YoY). 9M26 general and administrative costs 1.95% of revenue (9M25: 2.15%). Annualised return on average equity (ROAE) 20.0% (9M25: 18.2%).
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
