Investor centre.

Net Sales 2025

Rp 2.73T

+39.4% YoY

Net Income 2025

Rp 741.6B

+40.6% YoY

EPS 2025

Rp 1,257

per share

Outstanding Shares

589.896.800

shares · par value Rp 1,000

Financial Highlights

Net sales and net income, 2021–2025.

Hover or tap a year for the full figures.

Net sales growth per year

30.7%

Compound average (CAGR), 2021–2025

Net income growth per year

29.2%

Compound average (CAGR), 2021–2025

Net margin 2025

27.2%

In 2021: 28.4%

Net salesNet income

Rp · T = trillion, B = billion

2021

2022

▲ 38%

2023

▲ 18%

2024

▲ 28%

2025

▲ 39%

▲ Net sales growth versus the previous year

Consolidated figures

Financial statements, 2021–2025.

Figures in Rp million, except outstanding shares (full amount), net income per share (Rp), and ratios. Amounts in brackets are expenses.

Rp million	2025	2024	2023	2022	2021
Income statement
Net sales	2,726,974	1,956,431	1,525,445	1,290,992	935,075
Cost of goods sold	(1,296,477)	(950,220)	(714,509)	(620,240)	(435,507)
Gross profit	1,430,497	1,006,211	810,936	670,752	499,568
Operating expenses	(544,827)	(376,573)	(326,243)	(218,215)	(171,347)
Operating income	885,670	629,638	484,693	452,537	328,221
Other income (expenses), net	51,509	38,090	18,971	11,771	9,607
Income before income tax	937,179	667,728	503,664	464,308	337,828
Net income	741,580	527,368	395,798	364,972	265,758
Attributable to the parent entity	741,580	527,368	395,798	364,972	265,758
Attributable to non-controlling interest	–	–	–	–	–
Total comprehensive income for the year	742,202	528,693	394,972	365,019	269,309
Attributable to the parent entity	742,202	528,693	394,972	365,019	269,309
Attributable to non-controlling interest	–	–	–	–	–
Per share & working capital
Outstanding shares (full amount)	589,896,800	589,896,800	589,896,800	589,896,800	589,896,800
Net income per share (Rp)	1,257	894	671	619	451
Net working capital	1,557,594	1,167,857	931,296	560,600	405,027
Financial position
Current assets	2,070,722	1,551,646	1,230,110	815,319	673,394
Fixed assets, net	1,190,039	910,229	745,409	708,363	503,588
Other non-current assets	308,020	234,999	109,663	121,900	127,126
Total assets	3,568,781	2,696,874	2,085,182	1,645,582	1,304,108
Current liabilities	513,128	383,789	298,814	254,719	268,367
Deferred tax liabilities, net	15,364	15,160	17,652	19,995	21,999
Other non-current liabilities	39,586	39,424	38,908	36,032	43,925
Total liabilities	568,078	438,373	355,374	310,746	334,291
Total equity	3,000,703	2,258,501	1,729,808	1,334,836	969,817
Key ratios
Net income to total assets	21%	20%	19%	22%	20%
Net income to total equity	25%	23%	23%	27%	27%
Current ratio	4.04	4.04	4.12	3.20	2.51
Total liabilities to total equity	0.19	0.19	0.21	0.23	0.34
Total liabilities to total assets	0.16	0.16	0.17	0.19	0.26
Gross profit to net sales	52%	51%	53%	52%	53%
Operating income to net sales	32%	32%	32%	35%	35%
Net income to net sales	27%	27%	26%	28%	28%

ROA

21%

5Y avg: 20%

ROE

25%

5Y avg: 25%

Gross Margin

52%

5Y avg: 52%

Operating Margin

32%

5Y avg: 33%

Net Margin

27%

5Y avg: 27%

Stock information

Capitalization & shares.

ADES has been listed on the Indonesia Stock Exchange since 31 March 1994, with a par value of Rp 1,000 per share.

ADES on the exchange

Closing prices through 20 Oct 2026

Last close

Rp 32,875

0 (0.0%)vs previous close

Day range: 31,550 – 33,500
52-week range: 13,525 – 40,000
Volume: 160,200shares
Avg. volume (3 months): 36,483shares
Market capitalisation: Rp 19.39trillion
P/E (EPS 2025): 26.2×
Year to date: +113.1%
All-time high: Rp 40,000Jul 2026

Change +135.7%

High 40,000

Low 13,525

Rp per share

Price history

Date	Open	High	Low	Close	Change	Volume
20 Oct 2026	31,775	33,500	31,550	32,875	0.0%	160,200
19 Oct 2026	32,550	33,375	31,825	32,875	−3.9%	295,600
16 Oct 2026	34,000	35,000	31,800	34,200	−0.1%	105,600
15 Oct 2026	35,000	35,000	34,000	34,250	−1.5%	26,000
14 Oct 2026	35,700	35,700	34,775	34,775	−2.3%	16,100
13 Oct 2026	34,000	35,600	33,300	35,600	+4.2%	53,900
12 Oct 2026	34,650	34,775	33,975	34,150	−1.9%	15,700
9 Oct 2026	34,850	34,850	34,000	34,825	−0.1%	15,000
8 Oct 2026	35,100	35,175	34,375	34,850	−0.7%	15,400
7 Oct 2026	35,150	35,225	34,475	35,100	−0.1%	11,400
6 Oct 2026	34,950	35,150	34,050	35,150	+0.7%	31,600
5 Oct 2026	35,525	35,525	34,725	34,900	−2.0%	15,200
2 Oct 2026	35,775	35,775	34,850	35,600	−0.5%	26,700
1 Oct 2026	36,000	36,000	35,200	35,775	−0.6%	10,100
30 Sept 2026	35,975	36,400	35,000	35,975	+0.1%	31,600
29 Sept 2026	36,650	36,650	35,000	35,950	−1.9%	48,200
28 Sept 2026	34,025	38,000	34,025	36,650	+7.8%	108,300
25 Sept 2026	34,775	34,775	34,000	34,000	−2.6%	8,900
24 Sept 2026	31,800	34,900	31,800	34,900	+9.7%	6,400
23 Sept 2026	31,750	31,800	31,750	31,800	−0.5%	30,000