Adira Finance Records Net Profit of Rp 1.94 Trillion in 2023

February 13, 2024, 04.10 PM  | Reporter: Ferry Saputra
Adira Finance Records Net Profit of Rp 1.94 Trillion in 2023

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ISSUER - JAKARTA. PT Adira Dinamika Multi Finance Tbk (Adira Finance) recorded a net profit of IDR 1.94 trillion in 2023. 

Adira Finance's Chief Financial Officer Sylvanus Gani said the profit in 2023 increased compared to the previous year.

"It increased by 21% annually or Year on Year (YOY), compared to the previous year's IDR 1.60 trillion," he revealed in a press conference in Central Jakarta, Tuesday (13/2).

Gani explained, this profit growth was mainly driven by an increase in total revenue by 14% YoY to IDR 9.5 trillion in 2023. 
He explained that the main driver of profit growth also came from the increase in Adira Finance's assets. The managed assets increased by 25% to IDR 55 trillion in 2023.

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He said the company's assets continued to decline during the Covid-19 pandemic. After that, in 2023, Adira Finance was able to reverse the asset composition as before the Covid-19 pandemic.

"We hope that the growth momentum can continue. If assets increase, of course, revenue increases," said Gani.

Meanwhile, Gani said the company managed to increase financing distribution, especially for multipurpose loans. 

Therefore, throughout 2023, Adira Finance's new financing was recorded to have increased by 31% YoY to IDR 41.6 trillion. Adira Finance targets new financing this year in 2024 to grow around 12%-14% from last year's achievement.

Gani conveyed that the company's managed financing receivables, including joint financing, grew by 25% to IDR 55.7 trillion in 2023. 

Editor: Syamsul Azhar
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