Jakarta, June 10, 2025 — PT Erajaya Swasembada Tbk (“Erajaya” or “ERAA” or “the Company”) today held its Annual and Extraordinary General Meeting of Shareholders (AGMS & EGMS) in Jakarta. One of the key resolutions approved by shareholders was the distribution of cash dividends amounting to IDR 19 per share, with a total value of IDR 299.89 billion. The dividend distribution reflects the Company’s solid performance in 2024, during which Erajaya recorded a net profit attributable to owners of the parent entity of IDR 1.03 trillion, marking a 25% increase year-on-year (YoY) compared to 2023.
“This dividend distribution reflects our consistency in delivering tangible value to shareholders while reaffirming our direction to strengthen diversification and business innovation strategies. By expanding our product portfolio and leveraging digital technology, Erajaya will continue to remain relevant in meeting customer needs and achieving sustainable growth,” said Hasan Aula, Vice President Director of PT Erajaya Swasembada Tbk.
The Extraordinary General Meeting also approved the extension of the transfer of a portion of the Company’s treasury shares for the Management and Employee Stock Ownership Program (MESOP), covering up to 51,540,500 shares or 0.32% of the Company’s issued and fully paid capital.
Company Performance
In 2024, Erajaya successfully expanded its business portfolio beyond electronics, entering new sectors such as food and beverage (F&B), healthcare (Wellings Pharmacy), and active lifestyle through strategic partnerships with global brands such as JD Sports, Garmin, and Urban Republic. Traffic on its e-commerce platforms also grew significantly, supported by the strengthening of digital channels, marketplace integration, and conversational commerce initiatives.
The Company also reaffirmed its sustainability commitment through the Lentera programs, Cerdas (Smart), Sehat (Healthy), Kasih (Care), and Hijau (Green), which support 10 Sustainable Development Goals (SDGs). Erajaya’s ESG Sustainalytics score stood at 14.7, reinforcing its position as a company with robust sustainable business practices.
In Q1 2025, Erajaya recorded solid performance, with net sales of IDR 15.88 trillion and net profit of IDR 212 billion.
The Company also recorded a shift in product contribution, with the accessories and other products segment increasing its share from 11.4% in Q1 2024 to 15.7% in Q1 2025. “This shift demonstrates the success of our diversification strategy, which not only relies on core products but also strengthens our portfolio in accessories and lifestyle products. We are optimistic that by the end of 2025, contributions from beyond the smartphone and tablet segment will continue to grow, supported by the launch of XPENG, our electric vehicle brand, which is now available for pre-order and test drives,” added Hasan Aula. As of Q1 2025, the smartphone and tablet segment still dominates with a 77.7% contribution, but the diversification trend shows a positive trajectory for the Company’s long-term growth.
During the quarter, Erajaya also opened 34 new stores, bringing its Erajaya Digital outlets from 1,663 to 1,686 units, Erajaya Active Lifestyle from 171 to 179, and Food & Nourishment from 35 to 37 units. The Company’s loyalty program membership also grew positively, reaching 14 million members by the end of March 2025.
“Our achievements in the first quarter mark a positive trajectory for Erajaya Group to accelerate future growth. Our focus is not only on expanding our retail network, but also on innovating business models, developing new products, and utilizing digital technology to strengthen our omnichannel ecosystem. With this foundation, we are confident that we can solidify our position in an increasingly dynamic market,” said Hasan Aula.
2025 Strategic Plan: Expansion and Diversification into Tier-2 and Tier-3 Cities
In 2025, Erajaya will focus on expanding into Tier-2 and Tier-3 cities outside Java Island through the development of street-level stores that bring the brand closer to customers. The Company will also enrich its brand portfolio, strengthen long-term partnerships with principals, and enhance cross-channel shopping experiences. This strategy aims to optimize margins through cost efficiency and higher transaction values per customer.
“We believe the future of Erajaya Group lies in our ability to adapt, innovate, and continuously expand business opportunities. Through portfolio diversification, digital ecosystem strengthening, and an integrated sustainability strategy, we aim to deliver added value to customers and support sustainable retail industry growth,” Hasan added.
Today’s Annual General Meeting also discussed several agenda items, including:
- Approval of the Annual and Sustainability Reports and ratification of the Company’s Consolidated Financial Statements for the fiscal year ended December 31, 2024.
- Determination of the use of net profit attributable to the owners of the parent entity for the fiscal year 2024.
- Delegation of authority to the Board of Commissioners to appoint a Public Accounting Firm to audit the Company’s Consolidated Financial Statements for FY2025, and to determine its honorarium and other terms.
- Approval of honoraria and/or allowances for the Board of Commissioners, and delegation of authority to the Board of Commissioners to determine remuneration for the Board of Directors for FY2025.
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About Erajaya Group:
Founded in 1996, PT Erajaya Swasembada Tbk (Ticker code: ERAA.IJ) is engaged in import, distribution, and retail network development in the telecommunications device sector. In 2011, Erajaya became a public company and listed its shares on the Indonesia Stock Exchange, establishing itself as one of the largest and most trusted companies in its industry in Indonesia.
For further information, please contact:
Amelia Allen
Corporate Secretary
Tel. +62-21 690 5788
Email dl-corsec@erajaya.com
