JAKARTA – PT Matahari Putra Prima Tbk. (MPPA), a prominent retail issuer within the Lippo Group, has officially announced the divestment of its 99.9% share ownership in PT Super Ekonomi Ritelindo (SER). These shares were acquired by PT Fortuna Optima Distribusi (FOD), a move that underscores MPPA’s strategic intent to refine its business structure and optimize its expansive portfolio.
According to Mirtha Sukanto, Corporate Secretary of MPPA, the transaction was formalized through a share purchase agreement signed on April 8, 2026. It is crucial to note that FOD itself operates as a direct subsidiary, with MPPA holding a substantial 99.9% ownership stake. This internal transfer is positioned as a pivotal step in MPPA’s long-term strategy for business restructuring and portfolio enhancement, as detailed in a public information disclosure quoted on Thursday, April 9, 2026.
While this transaction is categorized as an affiliate transaction, it is explicitly exempted from certain obligations stipulated under POJK 42/2020. This exemption is granted because the transaction occurred between the parent company and its directly owned subsidiary. Furthermore, management has affirmed that this does not constitute a conflict of interest, as there is no divergence between MPPA’s economic interests and the personal economic interests of its directors, commissioners, or major shareholders that could adversely impact the company. MPPA also assures stakeholders that the share sale will have no detrimental effects on its operational activities, legal standing, financial condition, or ongoing business continuity.
The divestment was meticulously documented in Share Transfer Deed No. 30, dated April 8, 2026, with the total transaction value recorded at Rp61.649 billion. This move aligns with broader developments within the company, as evidenced by previous reports.
Looking at its financial performance, Matahari Putra Prima Tbk. (MPPA) reported robust net sales of Rp7.25 trillion throughout 2025. This represents a 1.9% increase from the previous year’s achievement of Rp7.11 trillion. The company’s performance report indicates that this top-line growth was further bolstered by a 2.8% rise in gross profit, reaching Rp1.26 trillion. This improvement was largely attributed to an enhanced sales mix and a more effective merchandising strategy.
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Despite these positive sales figures, MPPA recorded a current year loss of Rp152.19 billion in 2025, which widened from a loss of Rp118.11 billion in 2024. MPPA CEO Adrian Suherman clarified that the company’s overall performance reflects continuous progress in strengthening its fundamentals through disciplined cost management. However, management attributes the recorded losses primarily to non-operating expenses, maintaining that the core retail operational performance continues to demonstrate strong resilience.
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As MPPA navigates into 2026, the company is poised to accelerate its customer-oriented strategies. This includes a resolute focus on ensuring the availability of fresh products and essential family needs at affordable prices. The company also plans to enhance store productivity and embark on selective expansion, particularly targeting underserved regions, through an integrated retail approach complemented by increased digital engagement.
Matahari Putra Prima Tbk. – TradingView
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