ACES - Anticipates further pressure in 4Q25F as consumers halt spending

ACES - Anticipates further pressure in 4Q25F as consumers halt spending Ace Hardware Indonesia (ACES) is projected to continue experiencing moderate performance through 4Q25F, with 3Q25 results showing only a mild revenue increase of 1.69% yoy to IDR6.33 tn while net profit fell 16.21% to IDR481.09 bn, reflecting continued pressure from weak consumer spending. 2025 same-store sales growth (SSSG) is projected to remain slightly negative as ACES navigates competition and a shift toward digital retail, although year-end holiday momentum and more stable government fiscal stimulus in 2026 may offer a demand boost. (Source : Kontan)