JAKARTA — PT Mitra Pinasthika Mustika Tbk. (MPMX), an affiliate of the Saratoga Group, has officially announced a cash dividend distribution of Rp745.72 billion for the 2025 financial year, translating to Rp170 per share.
This payout was formally approved by shareholders during the Annual General Meeting of Shareholders (AGM) held on May 26, 2026. The dividend is funded through a combination of the company’s 2025 net profit and its retained earnings.
According to Corporate Secretary Timothy Immanuel Hutapea, the decision reflects the company’s commitment to delivering value to shareholders despite a challenging economic landscape. “The company will distribute a total cash dividend for the 2025 financial year of at least Rp745,725,789,470, or equivalent to Rp170 per share,” Timothy stated in an official disclosure on Thursday, May 28, 2026.
Dividend Schedule and Key Dates
For investors monitoring the dividend timeline, the cum-dividend date for the regular and negotiation markets is set for June 8, 2026, with the ex-dividend date following on June 9, 2026. For the cash market, the cum-dividend and ex-dividend dates are scheduled for June 10 and June 11, 2026, respectively. The recording date for determining eligible shareholders is June 10, 2026. MPMX expects to complete the cash dividend payments by June 25, 2026.
Management confirmed that the distribution has been coordinated with the Indonesia Stock Exchange (IDX), the Indonesian Central Securities Depository (KSEI), and the company’s securities administration bureau. Crucially, the company assured stakeholders that this payout will not hinder its operational capabilities or long-term business sustainability.
Navigating a Challenging 2025
The dividend distribution follows a year that management described as both dynamic and operationally testing. MPMX reported a net profit of Rp461.91 billion for 2025. Of the total Rp745.72 billion dividend, Rp451.89 billion is derived from the current year’s profit, with the remainder drawn from retained earnings.
Financial reports indicate that MPMX’s net profit declined 19.3% year-on-year (YoY) from Rp572.28 billion in 2024. Revenue also saw a slight contraction of 1.4% YoY, falling from Rp16.38 trillion to Rp16.15 trillion.
Group CEO Suwito Mawarwati attributed these results to broader macroeconomic pressures. “We observed market dynamics influenced by various factors, including strained consumer purchasing power, relatively high interest rates, and a moderation in domestic consumption growth,” Suwito explained on April 1, 2026. This slowdown heavily impacted sectors tied to two-wheeler vehicles and consumer financing.
Operational Resilience and Strategic Outlook
Despite these headwinds, MPMX views 2025 as a period for strategic evaluation. In the two-wheeler distribution and retail segment, MPMulia recorded revenue of Rp15.2 trillion, a 2% decline. While distribution volume reached 699,000 units, the aftermarket spare parts business saw a positive growth of 3.5% YoY.
Retail operations under MPMotor reported sales of 187,000 units, with a notable 24% YoY growth in revenue from aftermarket services and repairs. Looking ahead, the company is prioritizing operational foundations and organizational agility to better navigate the rapidly evolving automotive landscape.
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Summary
PT Mitra Pinasthika Mustika Tbk. (MPMX), a Saratoga Group affiliate, announced a cash dividend distribution of Rp745.72 billion for the 2025 financial year, equivalent to Rp170 per share. This payout was approved during the Annual General Meeting of Shareholders on May 26, 2026, funded by 2025 net profit and retained earnings. The cum-dividend date for regular and negotiation markets is June 8, 2026, with cash dividend payments expected by June 25, 2026. The company confirmed this distribution will not hinder its operational capabilities or long-term business sustainability.
This dividend follows a challenging 2025 where MPMX reported a net profit of Rp461.91 billion, a 19.3% decline year-on-year, with revenue also slightly contracting. Management attributed these results to macroeconomic pressures including strained consumer purchasing power and high interest rates. Despite these headwinds, MPMX’s aftermarket spare parts business saw positive growth, and aftermarket services and repairs recorded significant revenue growth.