PT Mitra Pinasthika Mustika Tbk (MPMX) has officially declared a final dividend distribution for the 2024 fiscal year, amounting to IDR 525.57 billion or IDR 120 per share.

The cum dividend date has been set for June 10, 2025, with the dividend payment scheduled for June 26, 2025.

This decision reflects the company’s solid financial performance throughout 2024, despite facing macroeconomic challenges and volatility within the automotive industry.

MPMX Group Chief Executive Officer, Suwito Mawarwati, stated that for the fiscal year ending December 31, 2024, the company recorded revenues of IDR 15.8 trillion, representing a 13.8% year-on-year increase. Moreover, the company achieved a net profit (Net Profit After Tax/NPAT) of IDR 582 billion, which equals 109% of the target set at the beginning of the year.

“This achievement underscores the resilience of our business model and our ability to adapt to market changes,” Suwito said last week.

Based on these results, the Annual General Meeting of Shareholders (AGMS) agreed to increase the dividend value as part of MPMX’s ongoing commitment to its shareholders.

Dividend Yield

The total dividend payment corresponds to a dividend yield of 11% based on the company’s share price at the market close on May 26, 2025.

“This dividend decision reflects our commitment to delivering sustainable value to shareholders, and also demonstrates confidence in the company’s long-term outlook,” Suwito added.

In addition, the AGMS approved the withdrawal of a portion of the treasury shares (from the share buyback program) by reducing the issued and paid-up capital, and ratified the amendment to Article 4 paragraph (2) of the company's Articles of Association in line with this capital adjustment.

Looking ahead, Suwito affirmed that the company intends to maintain strong performance despite ongoing challenges in the industry and economy. He emphasized that shareholders' trust remains the foundation of the company’s sustainability.

“MPMX will stay focused on strengthening its business fundamentals and is committed to sustaining growth momentum while delivering optimal returns and fostering long-term, sustainable growth,” he concluded.