ASSA Sustains Revenue Growth Despite Rising Cost Pressures

JAKARTA, Jakartaweekly.com – PT Adi Sarana Armada Tbk (ASSA), a publicly listed provider of transportation, logistics, and used vehicle ecosystem services, maintained steady financial performance in the first half of 2026 despite mounting operational challenges.

The company posted revenue of Rp3.06 trillion, up 8.1 percent year-on-year, while net profit reached Rp271.24 billion, supported by resilient operations across its core business segments.

President Director Prodjo Sunarjanto said the company’s ability to preserve revenue growth reflected the strength of its business fundamentals, even as the broader economy continued to face headwinds.

ASSA also had to contend with rising fuel costs and tighter supplies of used vehicles from leasing companies, which weighed on its auction business. “Amid challenging economic conditions, we are grateful to have maintained stable revenue growth, demonstrating the resilience of our business fundamentals,” Prodjo said.

The logistics division remained ASSA’s largest revenue contributor, generating Rp1.35 trillion, an increase of 13.1 percent from a year earlier. The vehicle rental business followed with Rp1.04 trillion in revenue, growing 6.5 percent year-on-year. Meanwhile, the company’s used car platform, Caroline.id, recorded revenue of Rp565.06 billion, up 8.2 percent, reflecting sustained demand for pre-owned vehicles.

In contrast, the auction business operated by JBA Indonesia continued to face supply constraints due to limited vehicle availability from leasing companies.

Prodjo attributed the company’s resilience to operational efficiency and a diversified business portfolio, which has enabled ASSA to generate revenue from multiple customer segments and industries. To reinforce its long-term growth strategy, the company is expanding its end-to-end logistics capabilities.

One of its latest investments is Coldspace, a new cold chain logistics warehouse in Pulo Gadung with a storage capacity of up to 20,000 pallets. ASSA has also continued to enhance its digital capabilities through the development of its Transportation Management System (TMS) and Warehouse Management System (WMS), aimed at improving fleet management, warehouse efficiency, and end-to-end delivery services.

Looking ahead, ASSA expects demand in its vehicle rental business to remain stable thanks to its diversified customer base, while Caroline.id is projected to maintain healthy demand despite ongoing volatility in the auction market. Given the challenging macroeconomic environment, however, the company has adopted a more cautious outlook for the remainder of the year.

ASSA is targeting 5–10 percent revenue growth in 2026, a level management believes is both prudent and achievable amid continued economic uncertainty.