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October 2026
Largest Public Companies in Indonesia
Benchmark revenue and EBITDA valuation multiples for public comps like
Bank Central Asia, Bank Rakyat Indonesia, DCI Indonesia, Bayan Resources and Bank Mandiri.
 | PT Bank Central Asia Tbk is an Indonesia-based banking service provider operating as a Sharia bank. The bank provides various financial solutions to its customers through its inter-branch links, ATM network, and electronic banking services. It offers loans, deposit accounts, mutual fund investments, fixed income products, and credit facilities, among other banking products and services. Its segments are Loans, which derives maximum revenue, Treasury, and Others. The customer base mainly includes individuals, small and medium businesses, and corporations. Its business segment is classified into five geographic areas, which are Sumatera, Java, Kalimantan, East Indonesia, and overseas operations. | $0 | -33% | $42B | $42B | 6.6x | - | ||
| PT Bank Rakyat Indonesia (Persero) Tbk operates in the banking sector. It provides and tailors banking services to micro, small, and medium enterprises. Its segments are Micro, Retail, Corporate, Others, and Subsidiaries. The company emphasizes integrating financial technology into its various platforms to create ease of access for its customer base. Its core business services include collecting customer deposits, loan disbursement, issuing promissory notes and loan agreements, and collateralizing assets. Its loan products include working capital loans for corporate and commercial customers, as well as mortgages for consumer customers. | $0 | -28% | $26B | $26B | 2.5x | - | ||
| PT DCI Indonesia Tbk is a data center provider in Indonesia. It provides reliable, well networked, and well-managed cloud and carrier-neutral data center infrastructure services in Indonesia. The company operates in two segments: Colocation services and Others. The services offered by the company include Colocation, Cross Connect, Flexspace, Smarthands, CloudConnect, and DCI Internet Exchange. | $11 | -31% | $26B | $26B | 182.1x | 298.5x | ||
| PT Bayan Resources Tbk is a coal producer. The company integrates coal mining, processing, and logistics operations. The segments of the company include Coal and Non-coal. The company's majority of revenue is generated by the sale of the coal segment. Geographically, the company derives a majority of its revenue from South East Asia (Malaysia, Philippines, Singapore, Vietnam), and also has a presence in East Asia, Domestic, and South Asia. | $1 | -42% | $21B | $20B | 5.9x | 18.2x | ||
| PT Bank Mandiri (Persero) Tbk is a full-service bank principally operating in the Indonesian archipelago. The national government of Indonesia owns well over half of the bank's outstanding shares. Its various products and services includes deposit collection, loans, promissory note issuance, guarantee services, wholesale banking, custodian banking, asset and wealth management, factoring and credit card services, and Islamic banking. The bank emphasizes a cross-selling culture and increased regionalization, expertise-oriented solutions, and ease of access for its micro, small, and midsize enterprise customers. Its loan portfolio is diversified, mostly in industrials, restaurants and hospitality, and the transportation and storage industries. | $0 | -22% | $21B | $21B | 2.6x | - | ||
| PT Amman Mineral Internasional Tbk is a copper-and-gold mining company in Indonesia, operating the Batu Hijau mine on the island of Sumbawa. It has only one operating segment, namely copper and gold mining and processing in Batu Hijau. | $0 | -43% | $18B | $23B | 12.3x | 21.4x | ||
| PT Barito Renewables Energy Tbk, along with its subsidiaries, operates as a geothermal and wind energy power producer in Indonesia. Its project portfolio comprises Wayang Windu, Salak, Sidrap I, and Darajat. The company generates maximum revenue from the generation and sale of electricity in Indonesia. | $0 | -75% | $17B | $20B | 32.2x | 38.9x | ||
| PT Ekamas Mora Republik Tbk, formerly PT Mora Telematika Indonesia Tbk is a wholesale telecommunications network provider. It is engaged in telecommunication activities with cables, internet service providers, internet interconnection services, and Data Center. The company's segments include Telco; Wholesale; Retail, and Others. | $0 | +194% | $13B | $13B | 60.0x | 118.5x | ||
| PT Telkom Indonesia (Persero) Tbk is the integrated telecommunications provider in Indonesia. It also provides a wide range of other communication services, including telephone network, interconnection services, multimedia, data and internet communication-related services, satellite transponder leasing, leased line, intelligent network and related services, cable television, and VoIP services. It derives revenue from product lines: Mobile, Consumer, Enterprise, WIB, and Others. The firm has identified five reportable segments, namely B2C, B2B Infra, B2B ICT, International, and Others. The firm generates the majority of its revenue from the B2C segment. | $0 | -35% | $12B | $15B | 1.8x | 3.7x | ||
| J&T Express provides express delivery in 13 countries, with a number one position in Southeast Asia and a leading position in China by parcel volume share in the first half of 2025 and a growing footprint in Latin America and the Middle East. As of Sept. 30, 2025, it had network coverage across Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil, and Egypt. | $1 | -11% | $11B | $12B | 1.0x | 13.9x | ||
| PT Astra International Tbk Indonesia-based conglomerate of companies operating in seven segments: Automotive, Financial Services, Energy (HEMCE), Agribusiness, Infrastructure and Logistics, Information Technology, and Property. It generates maximum revenue from Energy Segment. In automotive, Astra International offers car brands including Toyota, Daihatsu, Isuzu, BMW, Peugeot, UD Trucks, and Honda motorcycles. The company also offers car maintenance and services via its distribution network. Financial services support financing for Astra's other business segments. Heavy equipment and mining consist of three core activities: construction machinery, mining contracting, and coal mining. | $0 | -27% | $11B | $18B | 1.0x | 4.8x | ||
| PT Sejahteraraya Anugrahjaya Tbk operates hospitals and offers health care services. It operates and offers medical centers, which include neuroscience, Uro-nephrology, obstetrics and gynecology, cardiovascular, orthopedic, pediatric, oncology, immunology, pulmonology, and internal medicine. The company's business segments are Inpatient, and outpatients for patients, of which prime revenue is derived from the Inpatient segment. Group is divided into four geographical areas: namely DKI Jakarta, Banten, West Java, and East Java. | $1 | +3% | $8.9B | $9.1B | 62.8x | 351.3x | ||
| PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are the Corporate segment, the Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers, such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM, to other telecommunications operators and international customers. | $1 | +1% | $7.8B | $8.2B | 86.3x | - | ||
| Dian Swastatika Sentosa (DSSA) is an Indonesian energy, infrastructure and technology group listed on the Indonesia Stock Exchange and part of the Sinar Mas conglomerate, headquartered at Sinar Mas Land Plaza in Jakarta. Its largest business is coal mining through PT Golden Energy Mines (GEMS), which has operated since 1997 and holds concessions in Jambi, South Sumatra, West Sumatra and South and Central Kalimantan, and PT DSSE Energi Mas Utama, which supplies independent power producers; the group reports about 0.9 billion tons of proven thermal coal reserves. It also generates electricity, including through a 600 MW joint venture with China Datang Corporation, and trades fertilisers, pesticides and industrial chemicals. Its digital infrastructure arm runs MyRepublic Indonesia, which passed more than 6.4 million homes in 140 cities and had over 914,000 internet customers at the end of 2024, and SM+ data centres. Through PT Sinarmas Sukses Sejahtera it invests in digital platforms including the payments app DANA and the streaming service Vidio, whose rounds it joined in 2022 and 2025, and it runs GWS Medika clinics and GWS Farma pharmacies in Jakarta. | $0 | -75% | $7.7B | $9.8B | 3.5x | 18.7x | ||
| PT Barito Pacific Tbk business activities comprises of renewable energy, transportation and holding company activities. The company's activities mainly comprise of holding company activities, the Company has petrochemical and refinery, building and hotel management, energy and resource , property and other segments. The company's segment includes Petrochemical and refinery; Building and hotel management (property); Energy and resources; and Others. The company generates majority of revenue from Petrochemical and refinery. The Group operates in Indonesia and Singapore. | $0 | -61% | $7.5B | $16B | 2.2x | 7.6x | ||
| PT Chandra Asri Pacific Tbk produces petrochemicals. The company's reportable segments are: Olefin, Polyolefin, Styrene monomer, Butadiene, Methyl Tertiary Butyl Ether (MTBE) & Butene-1, Benzene, and Infrastructure. The majority of the company's revenue is generated from the Polyolefin segment, followed by the Olefins, which includes revenue generated from its products like ethylene, propylene, pyrolysis, gasoline, mixed C4, naphtha, polyethylene, and polypropylene. Geographically, the company operates in Indonesia and Singapore. | $0 | -80% | $7.2B | $11B | ||||
| PT Sinar Mas Multiartha Tbk provides an integrated and comprehensive range of financial services in Indonesia. The company is engaged in insurance underwriting, consumer financing, factoring of accounts, securities administration, securities brokerage, investment management, banking, development, Information technology, trading, and other related services. It is also involved in the auction house, property, health clinic, and workshop activities. | $1 | +44% | $7.2B | $10B | ||||
| PT Bank Negara Indonesia (Persero) Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. Its main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer services, secondary market services, wholesale banking, custody banking, capital investment, and other services. Its segments include Wholesale & International Banking, Institutional Banking, Enterprises & Commercial Banking, Retail Banking and Treasury. The company generates the majority of its revenue from the Wholesale & International Banking segment which includes loans, customer deposits, and other transactions belonging to corporate customers, both BUMN and private business entities. | $0 | -28% | $7.1B | $7.1B | ||||
| PT Merdeka Gold Resources Tbk is currently carries out business activities as a holding company for a business group engaged in gold mining and related minerals, processing and other vertically integrated business activities. The Company Group's Pani Gold Project will be a multi-decade mine with a processing capacity of up to 19 million tonnes per year. Peak gold production is expected to reach 500,000 ounces per year, positioning the Pani Gold Project as one of the largest gold mines in Indonesia and the Asia Pacific region. | $0 | +79% | $6.5B | $6.9B | ||||
| PT Capital Financial Indonesia Tbk is engaged in providing investment and financial services. The reportable segments of the company are Management Consulting Services, Investment Manager, Life Insurance, Life Insurance Sharia, Venture, and Banks. | $0 | +53% | $5.5B | $6.7B | ||||
| PT Indofood CBP Sukses Makmur Tbk is a consumer products company. The company has a range of product brands in diverse business segments such as noodles, dairy, food seasoning, snack foods, nutrition & special foods, and beverages. The also operate a packaging business that produces flexible and corrugated packaging for products. The noodles division offers halal-certified noodles, sauces, and instant seasoning; its main brands are Indomie, Supermi, Sarimi, and Sakura. | $0 | -25% | $4.6B | $6.6B | ||||
| PT Bank Permata Tbk is a private bank engaged in offering financial products and services especially in the hand-delivery channel including Internet Banking and Mobile Banking. The bank focuses on Consumer banking, Corporate banking, Commercial banking and Others segments. | $0 | -67% | $3.8B | $3.8B | ||||
| PT Indosat Tbk, branded as Indosat Ooredoo Hutchison, is an Indonesian telecommunications operator headquartered in Jakarta. Established in 1967, it provides mobile voice, messaging and data connectivity as well as fixed-network, internet and digital services. Its consumer operations serve prepaid and postpaid subscribers through the IM3 and Tri brands, while its enterprise business supplies connectivity, cloud, data-centre, security and managed information-technology services. The company earns recurring and usage-based revenue from subscriptions, prepaid packages, data traffic, interconnection and business-service contracts. Its nationwide network connects customers across Indonesia and supports both personal communications and corporate digital transformation. Indosat is publicly listed in Indonesia and operates as part of the Ooredoo Hutchison ownership group following the combination of Indosat Ooredoo and Hutchison 3 Indonesia. | $0 | +5% | $3.8B | $7.1B | ||||
| PT Chandra Daya Investasi Tbk is an infrastructure investment company. The Company invests in infrastructure businesses, including energy, water, ports and storage, and logistics. The Company Group operates through four main business pillars: Energy Pillar, Logistics Pillar, Port and Storage Pillar, and Pilar Air. Its reportable segments are Sales of electricity, Time charter vessel, Tank & jetty rental, and Other services. The company generates majority of its revenue from Sales of electricity segment. | $0 | -74% | $3.5B | $3.7B | ||||
| PT Indofood Sukses Makmur Tbk is a packaged food company with a diversified portfolio in both raw materials and processed food. It divides operations into the Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group. The Consumer Branded Products Business Group, which generates maximum revenue, produces a varied range of consumer-branded products such as noodles, dairy, snack foods, special foods, food seasonings, and beverages. The Bogasari unit mainly produces wheat flour as well as pasta; and the Agribusiness unit is involved in seed breeding, oil palm cultivation and milling, and the production and marketing of branded cooking oils, margarine, and shortening. Geographically, the Group generates key revenue from Indonesia. | $0 | -12% | $3.4B | $7B | ||||
| PT Unilever Indonesia Tbk is an Indonesian consumer goods company. The firm's offering is diverse, ranging from cosmetics and hygienic items (detergents, soaps, shampoos, skin care, toothpastes, and deodorants), to food and beverages (tea, coffee, and packaged foods). Its product portfolio contains household brands such as Sunlight, Sunsilk, Wall's, Blue Band, Pepsodent, Lux, Lifebuoy, Dove, Clear, Rexona, Vaseline, Rinso, Molto, Royco, and Bango. The segments of the company are: Home and Personal Care segment, which relates to the cleaning products which are used in the household and cosmetic products; and Foods and Refreshment segment, which relates to the food and beverage products including ice cream. It derives maximum revenue from Home and Personal Care segment. | $0 | -42% | $3.4B | $3.4B | ||||
| PT Bumi Resources Tbk is an Indonesia-based holding company engaged in coal mining. The company's main business segments are holding companies, coal, services, oil and gas, and gold. The Holding Company segment includes the company and other holding companies. The Coal segment is engaged in coal mining activities, comprising exploration and exploitation of coal deposits. The Services segment includes activities of marketing and management services. The oil and gas segment includes activities of oil and gas exploration. The Gold segment includes activities of gold exploration. The Coal segment is responsible for generating the majority of the revenue. | -- | $0 | +8% | $3.4B | $5.3B | |||
| PT Bank Syariah Indonesia (Persero) Tbk provides banking products and services in Indonesia. The company's services include ATM cards, electronic data capture, cash management, accounts and deposits, funding, financing services, and mobile banking services. It operates in various segments, namely: Corporate Banking, Commercial Banking, Institutional Relations, Retail, and Treasury Banking & Head Office. | $0 | -51% | $3.4B | $3.4B | ||||
| PT Sumber Alfaria Trijaya Tbk is engaged in the business of retail distribution of consumer products in Indonesia. It operates through the Food and Non-Food Products segments. It offers food and non-food products such as cigarettes, rice, cooking oil, sugar, milk, personal and household care products. The company generates maximum revenue from the food segment. Its geographical segments are Jabodetabek, Java (Excluding Jabodetabek), and Excluding Java. | $0 | -41% | $2.9B | $2.9B | ||||
| PT Bank Danamon Indonesia Tbk is a Jakarta-headquartered commercial bank founded in 1956 as Bank Kopra Indonesia. It serves retail customers, small and medium-sized enterprises and large corporations with deposits, payments, loans, cards, cash management, trade finance and foreign-exchange services. The bank also offers sharia-compliant products and consumer-finance services through its wider group and partnerships. Danamon earns income primarily from lending spreads, financing activities, transaction fees and other banking services. Its distribution combines conventional and sharia branches with automated-teller machines, mobile banking and other digital channels across Indonesia. The company is listed on the Indonesia Stock Exchange under the ticker BDMN and is majority owned by MUFG Bank. Access to MUFG's international network and Danamon's local subsidiaries allows the bank to provide broader financial solutions to Indonesian consumers and businesses. | $0 | +82% | $2.7B | $2.7B | ||||
| PT Indah Kiat Pulp & Paper Tbk manufactures paper, pulp, and packaging paper. The company's operating segment includes cultural paper and pulp and industrial paper and tissue products. Its cultural paper and pulp products segment consists of cultural paper and other related cultural paper products and pulp. The industrial paper products segment consists of linerboard, corrugating medium, corrugated shipping containers, and boxboard. Geographically, it derives a majority of its revenue from Asia and also has a presence in Europe, the Middle East, America, Africa, and Australia. The company generates maximum revenue from the cultural paper and pulp segment. | $0 | +3% | $2.5B | $3.8B | ||||
| PT Global Digital Niaga Tbk is engaged in the business of Retail Trading and programming Activities, as well as Web Portals and/or Digital Platforms. Its segments are Online Retail (First party and Third party), Institution, and Physical store. | $0 | -23% | $2.4B | $2.5B | ||||
| PT Bank CIMB Niaga Tbk operates in the commercial banking sector. Its principal activities include accepting funds from the public in the form of deposits, namely current accounts, time deposits, certificates of deposits, and saving accounts; providing loans, safe deposit boxes, and online banking facilities; performing custodian and treasury activities; offering credit cards, factoring, and trust services; and others. The company's reportable segments are Corporate, Business, Retail, Treasury, Sharia, Others, and Subsidiaries. Maximum revenue is generated from its Retail segment, which focuses on providing products and services to individual customers. It includes products such as loans, deposits, and other transactions, and balances with retail customers. | $0 | -- | $2.4B | $2.4B | ||||
| PT Pertamina Geothermal Energy Tbk is involved in the geothermal sector from the upstream and/or downstream sides, both at home and abroad, as well as other business activities related to or supporting activities in the geothermal sector. Its key business activities include geothermal exploration and drilling, including in forest areas, and other activities related to geothermal energy exploitation up to its place of utilization; and producing electricity through various renewable and non-renewable energy sources. The company mainly generates revenue from the production and commercialization of geothermal steam and electricity. It operates in two segments: Own operations, which generate maximum revenue, and Joint Operating Contracts with PLN. | $0 | -30% | $2.3B | $2.4B | ||||
| PT XLSmart Telecom Sejahtera Tbk is an integrated telecommunications entity. Its brands are Prioritas, Axis, XLSmart, Smartfren, and Others. | $0 | -23% | $2.2B | $5.4B | ||||
| PT Medco Energi Internasional Tbk is a Southeast Asian energy and natural resources company. It explores for and produces oil & gas predominantly in Indonesia and is expanding its presence in Southeast Asia. The company operates gas, PV, geothermal, and hydropower plants in Indonesia through its subsidiary and through a non-consolidated interest in Amman Mineral Nusa Tenggara operates an Indonesian copper and gold mine. The company's operating segments include the Exploration and production of oil and gas which generates key revenue, Services, Power, Chemicals, Trading, and Holding and related operations. Geographically, the company generates a majority of its revenue from Indonesia and the rest from the United States of America and Europe, Asia, Africa, and the Middle East. | $0 | +8% | $2.1B | $5.3B | ||||
| Polibeli Group Ltd is engaged in goods trading and others to promote the circulation of goods with a focus on making trading easier. The products offered by the company include consumer electronic accessories, household appliances, skincare products, oral-care products, cosmetics products, toys and game products, and health-care products. Geographically, the company derives the majority of its revenue from Japan. | $6 | -21% | $2B | $2B | ||||
| PT Dayamitra Telekomunikasi Tbk is engaged in providing telecommunications infrastructure. The Group has two segments namely Telecommunication tower lease and Others. It derives maximum revenue from Telecommunication tower lease segment. | $0 | -26% | $2B | $3.1B | ||||
| PT Cisarua Mountain Dairy Tbk is a producer of premium dairy products and premium consumer foods in Indonesia. The company operates two segments; Dairy products segment and Consumer foods segment. The majority of revenue is generated from Dairy products segment. Geographically, the company operates in Domestic and overseas segments generating majority revenue from the Domestic segment. | $0 | -26% | $2B | $1.9B | ||||
| PT Kalbe Farma Tbk is a drug manufacturing company that focuses on prescription pharmaceuticals, over-the-counter drugs, energy drinks, and nutrition products. The company operates four segments: prescription pharmaceuticals, consumer health, Nutritionals, and distribution and logistics. The majority of the company's gross profits are derived from the distribution and logistics segments. The company operates in Indonesia but has operations across various ASEAN countries, Nigeria, and South Africa. | $0 | -43% | $2B | $1.8B | ||||
| PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of its revenue from sale of Cigarettes. | $1 | -5% | $1.9B | $1.4B | ||||
| Nanshan Aluminium International Holdings Ltd is an alumina manufacturer in Southeast Asia. Its focus has been tapping into Indonesia’s abundant bauxite and coal reserves, utilizing these resources to fuel its operations. The company's primary product, alumina, is produced under the AO-1 Grade requirement of GB/T 24487-2022 standard. | $3 | -48% | $1.8B | $1.2B | ||||
| PT Mayora Indah Tbk makes biscuits, candy, wafers, chocolate, coffee, instant food, cereal, and beverages. The brands of the company include Kopiko, Roma, Energen, Torabika, and Beng Beng. The Company has two operating segments, namely the packaged processed food segment and the packaged processed beverage segment. The Firm generates the majority of its revenue from packaged food processing. Geographical segments of the company include Indonesia, Asia, and others. Food processing, coffee powder processing, instant coffee production, and coffee bean processing are all located in Jabodetabek. | $0 | -37% | $1.8B | $1.7B | ||||
| PT Tower Bersama Infrastructure Tbk is a provider of coverage solutions. The firm's primary business is leasing space for antennas and other equipment for wireless signal transmission to telecommunication operators. The Company also provides telecommunications operators with access to its Distributed Antenna System networks in shopping malls and office buildings. A majority of the firm's revenue is generated from Indonesia. The company's operating segments include Tower, Repeater, Building, and Fiber Optic. The company generates the majority of its revenue from the Tower segment. | $0 | -47% | $1.7B | $3.4B | ||||
| GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business. | $0 | -55% | $1.7B | $727M | ||||
| PT Bank OCBC Nisp Tbk is an Indonesia-based company engaged in the banking sector. Its segments include Business Banking: Includes loans, deposits and other transactions and balances with corporate customers, Consumer Banking: Includes loans, deposits and other transactions and balances with individual customers, Global Markets: Includes Treasury products, advisory services, and balance sheet management, and Others: Includes ALCO book and head office.. The company generates maximum revenue from business banking segment. Its Business banking segment includes loans, deposits and other transactions and balances with corporate customers. | $0 | -17% | $1.6B | $1.6B | ||||
| PT Sarana Menara Nusantara Tbk is an investment company. The company's main business focus is to invest in companies engaged in operating telecommunication tower locations for lease to wireless communication companies. The business segments of the company include Tower lease and Other services (VSAT service, and Wireline). The majority of the company's revenue is generated from the Tower Lease segment. | $0 | -23% | $1.5B | $4B | ||||
| PT Mitra Adiperkasa Tbk is a departmental store operator in Indonesia. Its portfolio of services comprises sports equipment, fashion, food and beverages, and lifestyle stores managed by over 100 brands like Zara, Lacoste, Adidas, Nike, Starbucks, Domino's Pizza, Galeries, Lafayette, and more. It operates in the following segments: Retail sales; Department stores; Cafe & restaurant; and Others. The majority of its revenue is derived from the Retail sales segment. Its geographical segments include Indonesia, Vietnam, the Philippines, Thailand, and Others. | $0 | +13% | $1.5B | $1.8B | ||||
| PT Siloam International Hospitals Tbk operates a network of hospitals in Indonesia. Its hospitals are located in the Greater Jakarta area and across Java, Sumatra, Kalimantan, Sulawesi, Bali, Nusa Tenggara, Ambon, and other areas across Indonesia, along with several Siloam Clinics. The company offers an integrated, one-stop care ecosystem designed to provide comprehensive healthcare services, spanning examination, diagnosis, clinical management, rehabilitation, and health education. Additionally, it offers special clinical services in the following segments, including neurosciences, neurology, digestive, cardiac, orthopedic, etc., by running the Center of Excellence and specialty centers. The company generates the majority of its revenue by offering hospitalization and outpatient services. | $0 | -18% | $1.4B | $1.5B | ||||
| PT Mitra Keluarga Karyasehat Tbk is a medical care company that owns and operates hospitals under the name Mitra Keluarga. The firm has one business segment: Healthcare Facilities & Services, which operates multispecialty hospitals. These hospitals have a variety of services, which include laboratory, emergency room, pharmacy, radiology, and intensive-care units. It also has interests in general surgery, cardiovascular, orthopedics, neurosurgery, urology, and pediatrics, among many others. Its revenue is contributed by two business segments, namely the Outpatient and Inpatient segments. It generates the maximum of its revenue from Inpatient segment. | $0 | -37% | $1.4B | $1.2B | ||||
| PT Elang Mahkota Teknologi Tbk is an Indonesian integrated group engaged in services, trading, construction, and industry. The group is engaged in media, health, aviation support services, and other business segments through its investments in several subsidiaries. Media segment includes five Free-to-Air (FTA) television stations: SCTV, Indosiar, Mentari TV, Ajwa TV, and Moji; Health segment operates in the health sector by managing private hospitals, aviation support services, ground handling, cargo handling, aircraft dispatch, maintenance, catering, and flight training. The others include connectivity, provision of banking services, financial services, infrastructure technology, internet solutions, investment, and other initiatives. It derives maximum revenue from the Media segment. | $0 | -70% | $1.3B | $916M | ||||
| PT Pabrik Kertas Tjiwi Kimia Tbk is engaged in paper and stationery manufacturing, with its main products such as printed paper, coated paper, and carbonless. The company also produces a wide range of converted stationery and office products such as woodfree, art board, baking paper, brown kraft, kraft paper, and others. It operates in two business segments: Cultural paper products, and Industrial paper products and others. The Cultural paper products segment consists of printing and writing paper and related paper products; the Industrial paper segment consists of fluting medium paper and carton boxes; The other product segment includes the sale of the chemical by-product. The majority of the revenue is being made from Cultural paper products segment. | $0 | -5% | $1.2B | $1.7B | ||||
| PT Ultrajaya Milk Industry & Trading Co Tbk is in the business of producing dairy products, beverages, and healthy drink products with ultra-high temperature technology and aseptic packaging. Its products are Freshmilk, Tea drink, Health drinks, Sweetened condensed creamer, and others. The firm has Beverages and Food operating segments. It derives the majority of its revenues from the Beverages segment. | -- | $0 | +30% | $1.2B | $1.1B | |||
| PT Daya Intiguna Yasa Tbk is engaged in the retail trade of household appliances and furniture, hardware, stationery and sports, jewelry and cosmetics, toys, and others (including car accessories, electronic products, gifts, computer and mobile phone accessories, and food and beverages). The Company has three divisions: Importer division is involved in purchasing goods or retail commodities from overseas into the country; Distribution division is involved in the distribution of goods or retail commodities on a large-scale in strategic locations; and Retail division is involved with retail trade which includes household appliances, furniture, stationaries, electronics, sports equipments, etc. under the MR DIY trademark and stores. | $0 | -26% | $1.2B | $1.3B | ||||
| PT Bangun Kosambi Sukses Tbk is engaged in the field of housing development. Its services include includes the purchase, sale, rental and operation of real estate, both owned and rented, such as apartment buildings, residential buildings and non-residential buildings (such as storage facilities/warehouses, malls, shopping centers and others) as well as the provision of houses and flats or apartments with or without furniture for permanent use, either monthly or annually. It also includes land sales activities, building development for self-operation (for renting spaces in the building), dividing real estate into land plots without land development and operating residential areas for movable houses. | $0 | -45% | $1.2B | $1.2B | ||||
| Garuda Indonesia is Indonesia's publicly listed flag-carrier airline and the parent of the Citilink low-cost airline. The company operates scheduled domestic and international passenger services and also earns revenue from cargo, charter and related aviation activities. Its group includes aircraft-maintenance, airport-service and travel-support businesses, although passenger aviation remains the principal operating segment. Garuda serves consumers, corporate travelers, government customers and freight shippers through a network centered on Indonesian hubs. The company entered a prolonged financial and operational restructuring after the pandemic and continued to restore aircraft to service during 2025. Danantara Asset Management became the named investor in its December 2025 non-pre-emptive capital increase. The transaction combined a shareholder-loan conversion with new cash equity intended for Garuda and Citilink fleet maintenance, operations and settlement of specified fuel obligations. | $0 | -60% | $1.1B | $4.3B | ||||
| PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road business, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue. | $0 | -35% | $1B | $6.4B | ||||
| PT MAP Aktif Adiperkasa Tbk is a sports goods retailer that engages in wholesale and retail across three main business lines: Sports, Leisure, and Kids. It offers products like apparel, footwear, sports equipment, accessories, toys, and school supplies etc., through multi-brand retail networks like Kidz Station, Payless ShoeSource, Linea, Sports Station, as well as multiple mono-brand stores. The company's operating segments consist of the Retail sales and Non-Retail sales. A majority of its revenue is generated from the Retail sales segment. Geographically, the company generates maximum revenue from Indonesia, followed by Philippines, Thailand, Singapore, Malaysia, Vietnam, and Cambodia. | $0 | -18% | $980M | $1.1B | ||||
| PT Super Bank Indonesia Tbk is a bank in Indonesia that provides digital banking services. It offers digital solutions for a range of customer segments, including underbanked and unbanked communities and micro, small, and medium enterprises (MSMEs). The company offers a variety of digital banking solutions through the Superbank, Grab, and OVO applications, including savings accounts, digital loans, and easy-to-use payment solutions. | $0 | -- | $868M | $868M | ||||
| PT Bank Maybank Indonesia Tbk is an Indonesia-based company engaged in the banking sector. It provides various products and services for individual and corporate customers through Community Financial Services (Retail Banking and Non-Retail Banking), and Global Banking, as well as automotive financing through its subsidiaries. Its product and service offerings include digital banking solutions, credit cards, deposit accounts, different types of loans and advances, shariah wealth management, and others. The company, along with its subsidiaries, operates in the following segments: Global Banking, which derives key revenue, CFS Non-Retail, CFS Retail, and Head Office and Others. Geographically, it derives maximum revenue from its business in Indonesia and also has a presence outside Indonesia. | $0 | -16% | $796M | $796M | ||||
| PT Tempo Scan Pacific Tbk operates in the pharmaceutical business in Indonesia. It is engaged in the production of tablet/caplets, effervescent powders, liquid/syrup, cream and ointment, and capsule dosage forms, and markets body care products. It operates through the following segments: The Pharmaceuticals segment, the Consumer Products and Cosmetics segment, and the Distribution Services segment. The company caters to both Indonesian and international markets. | $0 | -14% | $663M | $450M | ||||
| PT Inti Bangun Sejahtera Tbk is engaged in providing telecommunication services. The company's operating segment includes Telecommunication towers, buildings, tools and machineries, and network equipment. The company generates maximum revenue from the Telecommunication tower. | $0 | +57% | $642M | $661M | ||||
| PT Surya Citra Media Tbk is a holdings company that provides multimedia services, the television broadcasting industry. The company operates as a free-to-air television broadcasting station. The majority of the company's revenue comes from Indonesia. The company operates numerous channels that display content throughout Indonesia. The company produces its own content for both television and feature films through its subsidiary PT Screenplay Produksi and provides mass media consultation services. | $0 | -52% | $615M | $597M | ||||
| PT Bank Jago Tbk is an Indonesia-based banking company. It offers various banking products and services that are categorized into funding and lending activities, along with other supporting banking services. Its funding activities are Saving & Spending Pockets, Locked Pockets, Shared Pockets, Giveaway pockets, and others. Its Lending activities are a technology-based bank that serves the small and medium enterprises segment, Retail segment, and mass market segment. Its operating segments are Outside Jakarta and DKI Jakarta. | $0 | -67% | $600M | $600M | ||||
| PT MNC Digital Entertainment Tbk is a content provider in Indonesia, has its core business in producing, developing, and distributing content and intellectual properties across all existing media platforms. The company's main business is supported by its various business units engaged in media and entertainment activities, such as drama production houses, infotainment, reality shows, game shows, animation, films, original content, music labels, advertising agencies, content & IP licensing, talent management, social media, including multi-channel networks (MCN), OTT superapps, and online portals. The company's operating segments include Digital, Content and IP, Talent, and Subscription. The company generates maximum revenue from the Content and IP, Talent segment. | $0 | -68% | $587M | $570M | ||||
| PT Industri Jamu dan Farmasi Sido Muncul Tbk is biotechnology company that provides herbal medicine and pharmaceutical products. The company has three business segments, Herbal Medicine and supplement, Food and Beverage, and Pharmacy. The Herbal Medicine segment provides herbal supplements, while its Food and Beverage segment sells packaged foods, soft drinks, and candy and confectionary products. The Pharmacy segment sells pharmaceutical products such as Anacetine, a fever reducer, Berlosid, a medicine to reduce gastric pain, and Combicitrine, a medicine for bacterial removal. The company generates the majority of its revenue in Indonesia. | $0 | -41% | $586M | $559M | ||||
| PT Samator Indo Gas Tbk is an industrial gas company. It is engaged in producing, marketing, and selling a wide range of liquid and solid gas products for industries and its supporting products. Its products include industrial gases including air gases such as oxygen, nitrogen, argon, acetylene, carbon dioxide, hydrogen, nitrous oxide, synthetic air, and mixed gas. It is also involved in industrial gas equipment trading and providing industrial gas installation services. The company's operating segments include Gas products; and Equipment and service. It generates maximum revenue from the Gas products segment. | -- | $0 | -- | $583M | $772M | |||
| PT IndoInternet Tbk is an information and communication technology company. It carries out the following main businesses: Internet Service Provider (ISP), cable telecommunications, hosting and its related activities, computer consulting, management of other computer facilities, and satellite telecommunications activities. Its operating segments are Connectivity, Data Center, Cloud Services, and Other Services. Maximum revenue for the company is generated from the Data Center segment, which represents the operations of its data centers serving corporate customers across various industries, including financial services, logistics, manufacturing, internet services, and oil and gas. Geographically, it derives maximum revenue from Indonesia and also has a presence in Singapore. | $0 | +0% | $543M | $747M | ||||
| PT Bukalapak.com Tbk engages mainly in activities related to web portals, holding activities, and other management consulting activities. The company operates an all-commerce platform in Indonesia that caters to both Micro Small and Medium Enterprises (MSMEs) and consumers. Its business lines include marketplace, offline to online, business-to-business (b2b), financial services, logistics, and many others, with the focus on serving merchants and mitra as customers. The company's reportable segments are Marketplace, Online to Offline, and Procurement. A majority of its revenue is generated from the Marketplace segment, which offers physical and virtual products across various categories, including electronics, fashion, FMCG, automotive and accessories, gaming, and more. | $0 | -42% | $534M | - | ||||
| PT Midi Utama Indonesia Tbk is engaged in retail trading for consumer products. It operates under the business segments of Food, Fresh Food, and Non-Food items through minimarkets networks under the Alfamidi and Alfaexpress names, convenience stores under the Lawson name, and supermarket network under the Alfamidi Super name. The company designs its segment based on the location of warehouses which are situated in Jabodetabek, Java - excluding Jabodetabek, and excluding Java. The company generates the majority of its revenue from Jabodetabek. Product-wise, the company generates the majority of its revenue from the sale of Food. | $0 | -39% | $508M | $513M | ||||
| PT Medikaloka Hermina Tbk is a private hospital group. It provides a range of medical services, including maternal and child health services, complex operating procedures, laboratory services, radiology facilities, and fertility treatments as well as general health services, pharmacies, diagnostic and emergency services. The company's geographical segment includes Kalimantan dan Sulawesi, Jawa, and Sumatera. It derives its maximum revenue from the Jawa segment. | $0 | -63% | $507M | $767M | ||||
| PT Indokripto Koin Semesta Tbk is a holding company that invests in Subsidiaries engaged in the Futures Exchange and Crypto Asset Exchange. In addition, the Company also provides management consulting services to Subsidiaries such as business planning, business and investment strategies, company operational management and corporate financial consulting. | $0 | -78% | $493M | $477M | ||||
| PT Victoria Care Indonesia Tbk is engaged in the manufacturing of cosmetic and toiletries products. It operates in three business segments, including Personal Care and Antiseptics, Hair Care, and Others. The Personal Care and Antiseptics segment, which generates maximum revenue, offers products related to body care and treatments such as body soap, skin care cream and lotion, deodorant, body scrub, perfume, antiseptic liquid and gel, antiseptic soap, cleaning, and disinfectant. The Hair Care segment offers products related to hair care and treatment, such as shampoo, hair mask, hair coloring, hair curling, and straightening agents. Geographically, the company derives its key revenue from Indonesia, and also exports its products to other countries. | -- | $0 | +74% | $435M | $438M | |||
| PT Nusantara Sejahtera Raya Tbk is a company that focuses on screening films and providing F&B to provide a high-quality entertainment experience. Its main business activities consist of cinema business activities, F&B sales, as well as organizing events and advertising. The company has two segments: Movie, food and beverages; and All other segments. It derives maximum revenue from Movie, food and beverages segment. | $0 | -32% | $396M | $421M | ||||
| PT Itsec Asia Tbk is one of the cybersecurity companies in APAC. The company's core offerings encompass comprehensive cybersecurity services and solutions, including Consulting Services, Security Solutions Integration and Managed Security Services. Its complete end-to-end portfolio provides continuous IT infrastructure protection against multiplying cybersecurity threats and compliance with increasingly demanding data protection and critical infrastructure regulations. The company also has extensive experience helping customers with fraud prevention, operational technology (OT) and Industrial IoT (IIoT) security. Geographically, Indonesia, Singapore, and Australia. | $0 | -36% | $369M | $371M | ||||
| PT Fore Kopi Indonesia Tbk is a food & beverage company that operates under the brand name Fore and offers roasted coffee as its main product. The Company provides a coffee experience through premium products and packaging, available at outlets designed with a comfortable and aesthetic concept. | $0 | -- | $369M | $368M | ||||
| PT Garuda Maintenance Facility Aero Asia Tbk is an Indonesia-based aircraft maintenance company. It offers various services including line maintenance, base maintenance, component services, engineering services, components maintenance and calibration, material services, logistics, cabin maintenance services, and other services. It also offers consulting services, training, and provision of experts in the field of aircraft maintenance, components, and engines. The company's operating segments are repairs and maintenance airframe, engine, and component segment, which is the revenue driver for the company; Line maintenance and technical ground handling segment; and other operations. | $0 | -24% | $356M | $678M | ||||
| PT Metrodata Electronics Tbk is an Indonesian company engaged in the Information Communication and Technology (ICT) business. Its operating segments are: Distribution, and Solution, and Consultation. The Distribution segment, which generates maximum revenue, includes the sale of hardware and software, basic peripherals such as data storage devices, terminals, memory, and peripherals. The Solution and consultation segment includes maintenance service, hardware, and software rental, sale of hardware, system management software, middleware, serverware, and system-level software, professional service for consultation, implementation, and training, and sale of software. | $0 | -24% | $342M | $556M | ||||
| PT Aspirasi Hidup Indonesia Tbk offers household appliances and lifestyle products through a network of retail outlets across Indonesia. The company's operating segments are Home Improvement Products, Lifestyle Products, and Toys Products. A majority of its revenue is generated from the Home Improvement Products segment, which offers cleaning equipments, gardening tools, electrical appliances, tools, and hotel, restaurant, cafe, and bakery equipments. The Lifestyle Products segment offers furniture, home appliances, automotive products, household accessories and supplies, and sports equipment and pet supplies. The Toys Products segment offers children's toys. | $0 | -28% | $327M | $270M | ||||
| PT MD Entertainment Tbk is an entertainment company whose business activities include manufacturing and producing films and videos, conducting film and video trading, distributing film and video to production houses, agents, distributors, and suppliers, and becoming a supplier of films and videos from other companies. The company's primary business segments are Film, Rent, and Broadcasting. A majority of its revenue is generated from the Film segment, which operates as a production house and produces theatrical films, DOTT films, and series of different genres. Geographically, all of the company's business activities are carried out in Indonesia. | $0 | -91% | $322M | $333M | ||||
| PT Bali Towerindo Sentra Tbk is a provider of telecommunication tower leasing and transmission network services in Bali Province and is expanding outside Bali Province by building Microcell Poles in several cities in Indonesia. Its supporting business activity is management and human resources development consultancy services, telecommunication services, information technology services, and services for the installation of telecommunication devices. The company operates in two business segments, which include Cellular that includes tower leasing, transmission/bandwidth leasing, and operations & maintenance (O&M), covering electricity and backup power activities, and Non-cellular, which offers residential, corporate, and government Fiber-to-the-X (FTTX) products under the brand Balifiber. | $0 | +5% | $307M | $485M | ||||
| PT Mastersystem Infotama Tbk is a system integration service provider in Indonesia. The Company offers a comprehensive range of Information and Communication Technology (ICT) solutions to customers by integrating various hardware, software, network, and communications components into a cohesive and functional system, thereby enabling seamless collaboration and interaction between existing technology systems. The Company provides comprehensive services for customers by planning, designing, implementing, and optimizing ICT infrastructure and offering solutions that support the achievement of increased efficiency, scalability, and productivity, so that customers can achieve sustainable business activity growth. The company generates the majority of its revenue from Hardware sales. | $0 | -12% | $232M | $186M | ||||
| PT Bank Amar Indonesia Tbk is engaged in providing banking activities. The company's operating segments include Online, Brick and Mortar, and Head Office. It generates maximum revenue from the Online segment. The Online segment comprises activities related to digital products and services. Its brick-and-mortar segment comprises activities related to conventional banking products and services. The Head Office segment comprises treasury and other activities. Some of its products include Aster Savings, Amar Dana Savings, Amar Cemerlang Savings, Amar Term Savings, Employee Savings, Term Deposit, On-Call Deposit, and Amar Current Account. | $0 | -7% | $232M | $232M | ||||
| PT Graha Layar Prima Tbk engages in the cinema industry and the provision of food and beverages. It operates through two segments: cinema and movie distribution & cinema licensor. The company offers a range of movies, including Hollywood movies, Indonesian movies, independent movies, and Hindi movies. It also offers other entertainment and services within its movie theater compounds, such as restaurants, cafes, live music performances, pool tables, and karaoke. The company derives a majority of its revenue from the Cinema segment. The cinema segment generates revenue from ticket sales in all owned cinemas, sales of food and beverages in cinemas, and also rental of auditoriums for various other activities. | $0 | +63% | $206M | $261M | ||||
| PT Pyridam Farma Tbk is engaged in the production and development of pharmaceutical medicines and the trading of medical equipment. It manufactures products namely Antibiotics, Vitamins, Supplements, and Traditional herbal care. It operates through two segments namely Pharmaceutical Products and Toll Manufacturing Services; and Medical Device Products. The company derives maximum revenue from Pharmaceutical Products and Toll Manufacturing Services. The company's products include consumer health, Derma, prescription, and biomedilab. | $0 | -60% | $142M | $448M | ||||
| PT Wintermar Offshore Marine Tbk is an Indonesia-based company. It owns and operates various types of vessels, such as platform supply vessels, anchor-handling tugs, anchor-handling tug supply vessels, fast utility vessels, offshore tugs, accommodation vessels, crew boats, oil barges, oil tankers, and tugboats. The firm's operating segments are Owned Vessels, Chartered Vessels, and other Services. It generates a majority of its revenue from the Owned Vessel segment. Geographically, its operations are into Brunei, Taiwan, Vietnam, Australia, Middle East, South Korea, Papua New Guinea and Africa. | -- | $0 | +24% | $141M | $224M | |||
| PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer. The company classifies its business into three geographical segments which are North Kalimantan, East Kalimantan, and Central Kalimantan. The company generates majority of its revenue from East Kalimantan segment. | $0 | -3% | $136M | $152M | ||||
| PT Sona Topas Tourism Industry Tbk provides domestic and international travel-related services in Indonesia. The company operates through three divisions: Travel, Duty-Free Shops, and Retail Shops. Maximum revenue for the company is generated from its Travel segment, which is engaged in selling tours and travel tickets, especially to the domestic market, and handling related documents and tours. The Duty Free Shops segment operates duty-free shops in Bali and Lombok, and the Retail Shops segment operates retail shops in Bali, Jakarta, Batam, Medan, and Makassar. | $0 | +14% | $128M | $95M | ||||
| PT Rans Entertainment Indonesia Tbk is an integrated lifestyle and media company in Indonesia operating businesses across media, beauty, food and consumer products, and lifestyle sectors. Its activities include content creation, talent management, event production, and development of consumer products and lifestyle offerings. | $0 | -- | $125M | $122M | ||||
| PT Remala Abadi Tbk operates in the ISP (Internet Service Provider) sector, providing Internet services including Broadband Internet, Local Link services, Managed Services (IP CAM setup, VOIP, WiFi Device), Server Colocation, as well as Fiber Optic Business to Business connectivity/installation and multimedia services. The company has experience in serving the telecommunications and internet service needs of various business segments, including the Corporate Telecommunications Industry, Government, Ministries and Institutions, Banking, Tourism, Education, Housing, and others. | -- | $0 | -78% | $104M | $133M | |||
| PT Delta Giri Wacana Tbk is engaged in the agrochemical sector. It has five business pillars such as pesticides, fertilizers, agricultural tools, seeds, and an internal distribution channel. | $0 | -29% | $104M | $164M | ||||
| PT Darya-Varia Laboratoria Tbk (Darya-Varia) is operating in the pharmaceutical industry. It is engaged in the manufacture and trade of pharmaceutical products, human, traditional medicines, pharmaceutical materials, raw materials for traditional medicines, inorganic base chemicals, organic base chemicals, equipment for surgery, medical and dental care, medical and dental equipment, orthopedic equipment, prosthetic, eyeglasses, laboratory and health equipment from glass, cosmetics; wholesaler of pharmaceutical, traditional medicine, chemical base materials, laboratory equipment, cosmetic; wholesale trade in pharmaceuticals; laboratory testing services, health support service activities, research and development, periodic inspection services, and many more activities. | $0 | -11% | $99M | $73M | ||||
| PT MNC Asia Holding Tbk is an investment company that operates in the diversified media industry. The company operates through four strategic business sectors: Media & Entertainment, Financial Services, Tourism & Hospitality, and Energy. The company generates the majority of its revenue from the Media & Entertainment through advertising and content business. | $0 | -44% | $93M | $1.3B | ||||
| PT Media Nusantara Citra Tbk is a diversified media company. The business is divided into four segments, which include Advertisement; Content Subscription; and Others. It derives maximum revenue from Advertisement Segment The firm offers pay video service (live streaming, VOD, original productions, and other creative content), news aggregator, audio aggregator, television stations, radio interests, print media, production business, online content, and advertising. | $0 | -58% | $89M | $168M | ||||
| PT MDTV Media Technologies Tbk, formerly PT Net Visi Media Tbk, is a holding company. Along with its subsidiaries, it carries out business activities in the media industry. It is engaged in Artist Management, Television Broadcasting, Content Production, and Digital Media. The company has only one main business segment, namely Media. | $0 | -70% | $79M | $98M | ||||
| PT Matahari Putra Prima Tbk is engaged in retail business. The company focuses on fast moving consumer goods through brands like hypermart, smart club, Boston health and beauty, and FMX. These brands are engaged in providing wholesale business, fresh foods, bakery, ready to eat products, and personal care products. It mainly operates in two segments: Retail and Wholesale. The Retail segment accounts for majority revenue of the firm. At the transaction date, the organisation operated in Department Stores, Supermarkets and participated through the products, services, assets or investment capabilities described in the cited materials. It served B2C customers, users or counterparties through those activities. Its commercial model generated revenue through product sales, supported by sector expertise, operating execution and customer relationships. The business depended on its people, technology, physical assets, regulatory position or investment capital as appropriate to the sector. This profile identifies the legal or operating participant in the historical transaction and preserves that identity where a later merger, disposal, delisting or reorganisation changed the company’s name or ownership. | $0 | -42% | $74M | $133M | ||||
| PT Global Mediacom Tbk is a diversified media company operating in the entertainment industry. The company operates in three business segments: advertising and content, pay TV, broadband, and Others. Its segment, advertising and content, provides advertisement-based media, subscriber-based media, and free-to-air media content. The pay-TV and broadband segment distributes television channels and has other businesses, such as radio and print media. The other business segment creates mobile app games, among many other ventures. The company generates the vast majority of its revenue in Indonesia. | $0 | -51% | $69M | $921M | ||||
| PT MNC Kapital Indonesia Tbk along with its subsidiaries provides integrated financial services. It has created an integrated digital financial ecosystem comprising three main business groups: Banking, Capital Market, and Insurance. The company derives majority of revenue from Banking sector which provides full-service banking for individuals, MSMES, and wholesale banking customers. The banking also offers seamless biometric onboarding, QRIS payments, advanced features like split bills, e-Money top-ups, virtual credit cards, online time deposits, client fund accounts, and in-app biller payments. | $0 | -52% | $67M | $67M | ||||
| PT Verona Indah Pictures Tbk is a production house. It business activities include producing, post-production, and distributing films, videos, and television programs. The company has produced hundreds of soap opera titles, and over thousands of episodes with hundreds of thousands of hours of broadcast. | $0 | +84% | $63M | $62M | ||||
| Bali United is an Indonesian professional football club based in Gianyar, Bali, owned through the listed company PT Bali Bintang Sejahtera Tbk. The club was founded on 15 February 2015 when businessman Pieter Tanuri bought Putra Samarinda from Harbiansyah Hanafiah, moved it to Bali and rebranded it, citing the lack of a Balinese club in the top flight after Bali Devata folded. It plays in the Super League, the top tier of Indonesian football, at the 18,000-capacity Kapten I Wayan Dipta Stadium, and runs its own training centre and youth academy. Bali United won its first Liga 1 title in 2019 under coach Stefano Cugurra, clinching it on 2 December with a record points margin, and a second in 2021-22, and it has played in the AFC Champions League and AFC Cup. In June 2019 it became the first professional football club in Indonesia and South-East Asia to list on a stock exchange, floating shares of PT Bali Bintang Sejahtera on the Indonesia Stock Exchange under the ticker BOLA; Tanuri is chairman, and about a third of the shares are held by the public. The company earns revenue from sponsorship, broadcasting, ticketing and merchandise, and in 2022 it invested in the streaming platform Vidio. | $0 | -8% | $61M | $54M | ||||
| Median | $0 | -28% | $1.3B | $1.4B | 2.3x | 6.9x |
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