Reported Earnings • Aug 02
Second quarter 2026 earnings released: Rp18.85 loss per share (vs Rp1.63 loss in 2Q 2025) Second quarter 2026 results: Rp18.85 loss per share (further deteriorated from Rp1.63 loss in 2Q 2025). Revenue: Rp539.8b (down 48% from 2Q 2025). Net loss: Rp12.5b (loss widened Rp11.4b from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Duyuru • May 12
PT NFC Indonesia Tbk, Annual General Meeting, Jun 17, 2026 PT NFC Indonesia Tbk, Annual General Meeting, Jun 17, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: Rp13.65 loss per share (vs Rp4.17 loss in 1Q 2025) First quarter 2026 results: Rp13.65 loss per share (further deteriorated from Rp4.17 loss in 1Q 2025). Revenue: Rp689.8b (down 37% from 1Q 2025). Net loss: Rp9.05b (loss widened 227% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: Rp8.52 (vs Rp106 loss in FY 2024) Full year 2025 results: EPS: Rp8.52 (up from Rp106 loss in FY 2024). Revenue: Rp4.07t (down 33% from FY 2024). Net income: Rp5.65b (up Rp75.9b from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 04
Third quarter 2025 earnings released: Rp1.13 loss per share (vs Rp11.46 profit in 3Q 2024) Third quarter 2025 results: Rp1.13 loss per share (down from Rp11.46 profit in 3Q 2024). Revenue: Rp934.5b (down 30% from 3Q 2024). Net loss: Rp748.6m (down 110% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Board Change • Oct 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Siska Pratiwi was the last independent director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 12
PT NFC Indonesia Tbk, Annual General Meeting, Jun 18, 2025 PT NFC Indonesia Tbk, Annual General Meeting, Jun 18, 2025. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: Rp11.46 (vs Rp134 loss in 3Q 2023) Third quarter 2024 results: EPS: Rp11.46 (up from Rp134 loss in 3Q 2023). Revenue: Rp1.34t (down 38% from 3Q 2023). Net income: Rp7.59b (up Rp96.3b from 3Q 2023). Profit margin: 0.6% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Duyuru • May 16
PT NFC Indonesia Tbk, Annual General Meeting, Jun 19, 2024 PT NFC Indonesia Tbk, Annual General Meeting, Jun 19, 2024. Reported Earnings • May 04
First quarter 2024 earnings released: Rp58.02 loss per share (vs Rp4.57 profit in 1Q 2023) First quarter 2024 results: Rp58.02 loss per share (down from Rp4.57 profit in 1Q 2023). Revenue: Rp1.93t (down 34% from 1Q 2023). Net loss: Rp38.4b (down Rp41.5b from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Apr 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp927.4b market cap, or US$57.5m). Reported Earnings • Apr 03
Full year 2023 earnings released: Rp419 loss per share (vs Rp35.47 profit in FY 2022) Full year 2023 results: Rp419 loss per share (down from Rp35.47 profit in FY 2022). Revenue: Rp9.53t (down 3.2% from FY 2022). Net loss: Rp277.2b (down Rp300.7b from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. New Risk • Mar 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.50t market cap, or US$95.8m). New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.56t (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (Rp1.56t market cap, or US$99.6m). New Risk • Dec 09
New major risk - Revenue and earnings growth Earnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 04
Second quarter 2023 earnings released: Rp0.86 loss per share (vs Rp4.89 profit in 2Q 2022) Second quarter 2023 results: Rp0.86 loss per share (down from Rp4.89 profit in 2Q 2022). Revenue: Rp2.47t (up 1.8% from 2Q 2022). Net loss: Rp570.6m (down 118% from profit in 2Q 2022). Profit margin: 0% (down from 0.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Reported Earnings • May 06
First quarter 2023 earnings released: EPS: Rp4.57 (vs Rp41.61 in 1Q 2022) First quarter 2023 results: EPS: Rp4.57 (down from Rp41.61 in 1Q 2022). Revenue: Rp2.92t (up 11% from 1Q 2022). Net income: Rp3.03b (down 89% from 1Q 2022). Profit margin: 0.1% (down from 1.0% in 1Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 30
Third quarter 2022 earnings released: EPS: Rp8.15 (vs Rp102 in 3Q 2021) Third quarter 2022 results: EPS: Rp8.15 (down from Rp102 in 3Q 2021). Revenue: Rp2.30t (flat on 3Q 2021). Net income: Rp5.40b (down 92% from 3Q 2021). Profit margin: 0.2% (down from 2.9% in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Online Retail industry in Asia. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp8,650, the stock trades at a forward P/E ratio of 70x. Average forward P/E is 19x in the Online Retail industry in Asia. Total returns to shareholders of 182% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Commissioner Siska Pratiwi was the last independent director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 29% share price gain to Rp10,850, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 21x in the Online Retail industry in Asia. Total returns to shareholders of 322% over the past three years. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: Rp4.89 (vs Rp115 in 2Q 2021) Second quarter 2022 results: EPS: Rp4.89 (down from Rp115 in 2Q 2021). Revenue: Rp2.43t (up 22% from 2Q 2021). Net income: Rp3.24b (down 96% from 2Q 2021). Profit margin: 0.1% (down from 3.8% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 16% share price gain to Rp8,150, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 20x in the Online Retail industry in Asia. Total returns to shareholders of 259% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp7,500, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 18x in the Online Retail industry in Asia. Total returns to shareholders of 192% over the past three years. Reported Earnings • Jun 03
First quarter 2022 earnings released: EPS: Rp41.61 (vs Rp32.20 in 1Q 2021) First quarter 2022 results: EPS: Rp41.61 (up from Rp32.20 in 1Q 2021). Revenue: Rp2.63t (up 24% from 1Q 2021). Net income: Rp27.6b (up 29% from 1Q 2021). Profit margin: 1.0% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 18% share price gain to Rp5,775, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 19x in the Online Retail industry in Asia. Total returns to shareholders of 119% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Siska Pratiwi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 20% share price decline to Rp5,525, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 21x in the Online Retail industry in Asia. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 25% share price gain to Rp12,425, the stock trades at a trailing P/E ratio of 74x. Average trailing P/E is 24x in the Online Retail industry in Asia. Total returns to shareholders of 345% over the past three years. Reported Earnings • Jun 29
Third quarter 2020 earnings released: EPS Rp11.63 (vs Rp22.95 in 3Q 2019) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp1.69t (down 3.7% from 3Q 2019). Net income: Rp7.61b (down 50% from 3Q 2019). Profit margin: 0.4% (down from 0.9% in 3Q 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Jan 05
New 90-day high: Rp2,420 The company is up 29% from its price of Rp1,880 on 08 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: Rp2,060 The company is up 6.0% from its price of Rp1,945 on 23 September 2020. The Indonesian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 28
New 90-day low: Rp1,550 The company is down 10.0% from its price of Rp1,730 on 27 August 2020. The Indonesian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 14% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp10.2b, down 76% from the prior year. Total revenue was Rp8.11t over the last 12 months, up 63% from the prior year. Is New 90 Day High Low • Sep 23
New 90-day high: Rp2,000 The company is up 14% from its price of Rp1,755 on 24 June 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 31% over the same period.