Gajah Tunggal Delivers Resilient Performance in FY2025

Jakartaweekly.com – PT Gajah Tunggal Tbk (GJTL), a leading integrated tire manufacturer in Southeast Asia, reported resilient financial performance for the full year 2025 (FY25), navigating a challenging global environment marked by cost pressures and softer export demand.

The Company recorded a net profit of IDR 1.243 trillion in FY25, up from IDR 1.187 trillion in FY24. The increase was primarily driven by lower interest expenses and foreign exchange gains, largely attributable to the translation of foreign currency-denominated assets.

However, gross profit margin declined from 21.5% in FY24 to 20.1% in FY25, reflecting higher raw material costs and the depreciation of the Indonesian Rupiah against the US Dollar, which led to increased production costs.

In line with margin pressures, operating profit and EBITDA also decreased. EBITDA stood at IDR 2.643 trillion (USD 161.2 million) in FY25, compared to IDR 2.936 trillion (USD 186.3 million) in FY24.

From a top-line perspective, net sales reached IDR 17.664 trillion in FY25, representing a decline of approximately 2.0% from IDR 18.029 trillion in FY24. This was mainly due to weaker export demand. Nonetheless, domestic sales remained solid, continuing to provide a stable foundation for the Company’s overall revenue.

Catharina Widjaja, Director and spokesperson of GJTL, said on the press statement (31/5)“The Company’s net sales decreased from IDR 18,029 billion in FY24 to IDR 17,664 billion in FY25, reflecting a modest 2.0% decline primarily due to weaker export demand. However, domestic sales remained solid and continued to be a stable driver of overall revenue.” said Catharina Widjaja, Director and spokesperson of GJTL, on the press statement (31/5).

Shares of PT Gajah Tunggal Tbk, listed on the Indonesia Stock Exchange under the ticker GJTL, were recorded at Rp 1,080.00 per (31/3), reflecting a decline of Rp 15.00 (-1.37%) month-on-month (MoM).