ACES - To maintain around 13-17% yoy sales growth in 2025

ACES - To maintain around 13-17% yoy sales growth in 2025 Despite economic headwinds, Aspirasi Hidup Indonesia (ACES), now rebranded as Azko, continues to record positive sales growth. In Jan’25, same-store sales growth (SSSG) reached 3.4% yoy, with stronger performance outside Java at 8.1% yoy, supported by store expansion strategies. ACES maintains a stable sales growth ratio of 13%-17% yoy and operating income growth of 20%-30% yoy, supported by strong consumer confidence and spending levels in Indonesia. This resilience positions Azko as a key player in the retail sector, even amid rising marketing costs. Note that, ACES recorded revenue of IDR6.1 tn (+13.57% yoy) and net profit of IDR567.8 bn (+16.64% yoy) in 9M24. (Source : Kontan)