JAKARTA – PT Prodia Widyahusada Tbk (PRDA) reported a significant 82.3% year-on-year (yoy) decline in net profit to IDR 6.9 billion in the first quarter of 2025.

According to the company’s latest financial statement, revenue was virtually flat, down just 0.8% to IDR 483 billion. However, cost of revenue rose 9.2%, resulting in a 7.8% drop in gross profit to IDR 263.5 billion.

In response, PRDA’s Finance Director Liana Kuswandi said the decline was driven by the timing of Ramadan and Eid al-Fitr in the first quarter.

“Ramadan and Eid shifted consumer spending priorities, while domestic political dynamics triggered a domino effect on market sentiment, and the global economic situation also affected the rupiah exchange rate,” she said in an official statement on Friday (2/5).

Operating expenses increased 7.5%, while other expenses surged nearly 40-fold, driven by tax penalties and foreign exchange losses.

The rise in these expense components weighed heavily on the company’s profit performance. “We remain optimistic that our financial foundation will support further growth in the second quarter of 2025,” Liana added.

PRDA is currently focused on expanding its latest digital channel, U by Prodia. In the second quarter, the company plans to launch Health Plan & Chronic Disease Management (CDM) features on the platform.

“In 2024, the company recorded more than 30% of new customer acquisitions through U by Prodia, contributing 13% to Prodia’s total lab test transaction volume,” added Prodia’s Business & Marketing Director, Indriyanti Rafi Sukmawati. (ZH)