MPMX Approves $451.8 Million Dividend Amidst Automotive Slowdown

PT Mitra Pinasthika Mustika Tbk (MPMX) has approved a cash dividend of Rp451.8 billion, signaling confidence in its long-term prospects despite a challenging year for Indonesia's automotive sector. The decision was made during the company's 2026 Annual General Meeting of Shareholders.

The company will distribute Rp170 per share, yielding approximately 16 percent based on the May 25, 2026 closing price. This payout comes as the national automotive and mobility industry grapples with weakened consumer purchasing power, vehicle financing difficulties, and a normalization of demand across various segments.

“

In the midst of a challenging industry, we continue to strive to maintain business quality and strengthen our business fundamentals sustainably.

In 2025, MPMX recorded consolidated revenue of Rp16.2 trillion and a net profit of Rp462 billion. While revenue saw a slight adjustment of about 1 percent compared to the previous year, net profit experienced a 19 percent decline. Group Chief Executive Officer Suwito Mawarwati acknowledged 2025 as a period of significant challenges for the domestic automotive industry.

"In the midst of a challenging industry, we continue to strive to maintain business quality and strengthen our business fundamentals sustainably," Suwito stated. He emphasized that the increased dividend distribution reflects the company's commitment to delivering sustainable value to shareholders and underscores its belief in the company's long-term outlook. MPMX plans to maintain its business performance through rigorous operational discipline, cost efficiency, risk management, and portfolio optimization to remain adaptive to market changes.

“

The increased dividend distribution reflects the company's commitment to delivering sustainable value to shareholders and demonstrates confidence in the company's long-term prospects.