Flooring Guide by Cinvex — JAKARTA — Distribution firm PT Prima Multi Usaha Indonesia Tbk. (PMUI) is targeting a 10% revenue growth for 2026, even as it moves forward with the divestment of its stake in PT Graha Prima Mentari Tbk. (GRPM).
Looking toward 2026, management anticipates a 10% increase in sales. Furthermore, net profit is projected to rebound to the Rp40 billion level following the consolidation of its business units.
Agus Susanto, President Director of PMUI, stated that GRPM’s contribution to the company is currently minimal. Consequently, he remains confident that the divestment will not have a significant impact on the company’s daily operations or overall performance.
“GRPM’s contribution is not particularly significant, so I do not believe it will have any major repercussions,” Susanto noted during the Public Expose held on Monday, May 11, 2026.
Previously, on February 12, 2026, PMUI signed a non-binding term sheet regarding the acquisition of GRPM shares by PT Tunas Binatama Lestari, an entity under the Rimau Group. Under this agreement, PMUI plans to divest 70.67% of its shares in GRPM.
Susanto explained that this move is a strategic shift toward business diversification. Currently, PMUI is evaluating potential expansion into the hospitality sector through a new subsidiary. “We have a hotel subsidiary, and we are currently in the process of conducting studies and developing a long-term strategy,” he added.
This diversification strategy is designed to strengthen the company’s position amidst the evolving distribution landscape. Despite these new ventures, PMUI remains committed to its core business: telecommunications distribution, which continues to be its primary revenue driver.
PMUI currently serves as a key distributor for products from PT XLSMART Telecom Sejahtera Tbk. (EXCL), a joint entity formed by XL Axiata and Smartfren. “We are focused on maintaining growth in telecommunications distribution. The integration of XLSmart will have a positive impact on the company,” Susanto affirmed.
To boost revenue, the company also plans to expand its distribution footprint into regions that remain underserved. Currently, PMUI operates 93 locations stretching from Aceh to Central Sulawesi.
Performance data highlights the firm’s resilience. In the first quarter of 2026, PMUI recorded revenue of Rp1.18 trillion, a 23.11% increase from the Rp963.03 billion reported in the same period the previous year. Net profit also saw a substantial rise of 80.70%, reaching Rp9.55 billion compared to Rp5.28 billion in Q1 2025.
The revenue breakdown for Q1 2026 includes Rp836.62 billion from telecommunications products, Rp118.14 billion from personal care products, Rp180.77 billion from food and beverages, and Rp50.08 billion from services and commissions.
For the full year 2025, PMUI recorded revenues of Rp3.83 trillion, a slight dip from Rp3.89 trillion in 2024. Consequently, net profit for the year was adjusted to Rp38.9 billion, down from the previous year’s figure of Rp53.8 billion.
Summary
PT Prima Multi Usaha Indonesia Tbk. (PMUI) is targeting a 10% revenue growth for 2026 and expects net profits to reach Rp40 billion. This target remains firm despite the company’s planned divestment of its 70.67% stake in PT Graha Prima Mentari Tbk. (GRPM) to PT Tunas Binatama Lestari. Management asserts that GRPM’s minimal contribution means the sale will not significantly impact daily operations or overall performance.
The company is shifting its strategic focus toward business diversification, including potential expansion into the hospitality sector through a new subsidiary. Despite these new ventures, PMUI remains committed to its core telecommunications distribution business while aiming to grow its footprint in underserved regions. The firm’s resilience is supported by a strong first quarter in 2026, which saw a 23.11% revenue increase and an 80.70% rise in net profit compared to the previous year.