Achieving Revenue of IDR 5.1 trillion, MTDL Revenue in the First Quarter – 2024 Increases Double Digits

Targeting revenue of IDR 25 trillion in 2024

Jakarta, April 30 2024 — PT Metrodata Electronics Tbk (MTDL) a digital information and communication technology (ICT) issuer, especially in the fields of solutions, digital consulting and digital distribution, which is the largest ICT sector listed company in Indonesia in terms of sales with with nearly 50 years of experience achieved revenue of IDR 5.1 trillion in the first quarter of 2024, growing by 12.3% compared to the same period in 2023.

With these increased in revenue, MTDL posted a net profit of IDR 147.3 billion in the January–March 2024 period, relatively stable or grew by 0.7% YoY.

“We are grateful that MTDL’s revenue increased by double digits in the first quarter of 2024, in the midst of a situation where many parties choose to take a position of wait and see following the political uncertainty regarding the results of the presidential election,” said President Director of MTDL, Susanto Djaja.

The increase in the Company’s revenue was mainly driven by Distribution Business Unit revenue which grew 20.0% YoY. The growth in Distribution Business Unit revenue was mainly due to the significant increase in smartphone sales, growth in PC & notebook sales, indicating a recovery trend for the Consumer Distribution segment. Additionally, the diversified ICT products that MTDL carries also contribute to balancing the Company's risks.

The large number of businessman who choose to postpone business spending because they are waiting for political certainty has made the revenue decline of the Solutions & Consulting Business Unit, by 3.5% YoY. Where the majority of revenue is still driven by trends in Cloud, Business Application, Digital Business Platform, and even Cybersecurity contributing to growth. The sales of services from this business unit to the Enterprise sector, such as financial services including Banks & Non‐Bank institutions, telecommunications, Oil & Gas, and manufacturing, continue to grow.

Seeing revenue performance which can still grow convincingly in the first quarter situation, the Company is optimistic about achieving a more stable growth in the second semester of this year, hence the revenue target of Rp25 trillion is considered achievable.

Our strategy is to consistently provide comprehensive, market‐relevant solution services, expand our product portfolio according to market needs, and maintain our dominant position by preserving our presence in the market. We will continue to explore synergistic possibilities in developing digital transformation solutions supported by Cloud, Data, and Artificial Intelligence solutions.