IRSX – Reverses to an IDR3.3 bn profit

IRSX – Reverses to an IDR3.3 bn profit Folago Global Nusantara (IRSX) recorded a massive turnaround by booking a net profit of IDR3.3 bn in 1Q26, reversing a net loss of IDR629.8 mn in the same period last year. This robust bottom-line performance was driven by a surging top-line, with revenue skyrocketing by 233.4% yoy to IDR170.7 bn. Operationally, the revenue growth was supported by sharpened business diversification, where the digital product segment remained the main contributor with IDR115.1 bn (130.2% yoy), followed by a newly introduced digital marketing line that generated IDR48.8 bn. On the balance sheet, total assets grew to IDR369.5 bn, while the company maintained a stable capital structure with a cash balance of IDR99.5 bn and total equity slightly increasing to IDR316.9 bn. (Source : Investor Daily)