IRSX – Targeting IDR1 tn in net profit by 2027

IRSX – Targeting IDR1 tn in net profit by 2027 Folago Global Nusantara (IRSX) is targeting a net profit of IDR1 tn by 2027 by expanding its business lines, including Folago Social Commerce and Live Entertainment, Folago Go (covering food and beverage products), Folago Pictures, and Folago AI Commerce and Digital Twin. Currently, IRSX has collaborated with 47k creators, including 100 top-tier creators, and is supported by an in-house education center for content development. IRSX is also developing AI-based innovations to accelerate content production and reduce costs, aiming to produce 1k promotional clips with a success rate of 40–50%. To support this expansion plan, IRSX will conduct a rights issue worth IDR3 tn in 2026. (Source : Bisnis Indonesia)