“BRIS : Maintains Profit Consistency, Expands Through Bullion Bank”

23 Sep 2025 Company Flash

BRIS booked a solid performance by posting a 22.20% YoY net profit growth to IDR 7.39 trillion in 2Q25.This was supported by growth in Net Margin Income to IDR 5.1 trillion (+23.8% YoY) in 2Q25 and PPOP to IDR 3.17 trillion (+12.5% YoY) in 2Q25.

In terms of financing, BRIS booked a 13.93% YoY growth to IDR 293 trillion, primarily driven by consumer financing (+16% YoY), which contributed 55% to total financing.

Bullion Bank increases the contribution of BRIS‘s gold business. BRIS’s gold business was able to record significant growth of +82% YoY to IDR 16.88 trillion in 6M25 with a contribution of 5% of total revenue in 6M25 vs. (FY21: 2%).

Gold business provides high returns for BRIS with controlled costs (Blended Gold Yield 13.18% vs. Blended Gold CoC 0.02%).

With BRIS‘s performance in line with our expectations, we maintain our Buy rating for BRIS with the same projection and fair value as in the previous BRIS company update, which was IDR 3,580.

By PHINTRACO SEKURITAS | Research
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