DFI Retail Nusantara (HERO) Sees Brighter Outlook as Guardian Strengthens and IKEA Losses Narrow

SOUTH TANGERANG, investortrust.id — PT DFI Retail Nusantara Tbk or HERO signaled a more resilient recovery path on Tuesday, Dec 9, 2025 in South Tangerang as management said full year revenue is set to grow at a single digit pace, supported by stronger momentum in its Guardian health and beauty chain and sharply reduced losses at IKEA. The company said the outlook improves during the Christmas and year end season, a period when promotional activity historically lifts traffic and spending.

HERO reported that nine month revenue reached Rp 3.51 trillion, equal to $216 million, up 4 percent year on year, reflecting a steady rebound in discretionary spending. Finance Director Paulus Raharja said the company expected this trend to continue into December as holiday demand spikes and digital campaigns raise conversion across stores.

Paulus said net profit fell 62 percent year on year to Rp 70 billion as last year’s base included a sizeable one off gain from asset and supermarket divestments, a factor that management said will continue to distort full year comparisons.

He explained that without the one off gain, underlying operating profit improved to Rp 35 billion from Rp 24 billion last year, driven by stronger same store sales growth at Guardian and operational efficiencies across the group.

President Director Hadrianus Wahyu Trikusumo said the 2025 performance also benefited from the sale of two legacy Giant properties in June, adding that the company had been disciplined in executing non core divestments to streamline the portfolio and strengthen liquidity.

He said sales during the Lebaran season delivered an early lift and Guardian maintained double digit growth across key categories, positioning the chain as a key earnings engine. IKEA, while still facing demand softness in the home furnishing market, managed to cut its losses by around 50 percent as cost measures and assortment adjustments took hold.

Management struck an optimistic tone for the months ahead and argued that the group’s strategic shift toward higher margin health and beauty retailing continues to gain traction even as household purchases of furniture remain uneven.

“Guardian’s momentum is strong and IKEA’s turnaround efforts are beginning to show meaningful results,” Wahyu said. “With a sharper strategic focus, we are in a solid position to deliver sustainable growth over the medium to long term.”