RAAM Posts Net Profit in H1 2025, Backed by Strengthening Financial Position

Jakarta, July 30, 2025 – PT Tripar Multivision Plus Tbk (RAAM), a leading company in Indonesia’s content and entertainment industry, reported its financial performance for the second quarter of 2025, marking a significant recovery compared to the same period last year. Amidst ongoing industry challenges, RAAM recorded a net profit of IDR 7.2 billion in Q2 2025. For the period of January to June 2025, the Company booked revenue of IDR 112.1 billion, representing a decline of approximately 8% compared to IDR 121.7 billion in the second quarter of 2024. This decrease was primarily driven by shifting media consumption patterns and changing dynamics in content broadcasting among strategic partners.

In the second quarter of 2025, RAAM recorded an increase in cost of goods sold (COGS) to IDR 84.6 billion, up from IDR 64.3 billion in the same period the previous year. This increase reflects higher production intensity and an uptick in content distribution activities, in line with the Company’s strategy to expand market reach and enrich its portfolio of flagship films and series. This underscores RAAM’s continued commitment to maintaining high production quality and meeting growing market demand. Nevertheless, tighter control over operating expenses and cash flow management enabled the Company to return to profitability.

"The first semester of 2025 marks a significant turning point for RAAM. Our success in recording a net profit reflects the resilience of the company's business model, strengthened by tighter financial controls and well-executed strategic initiatives. Having overcome the substantial impact of receivable write-offs in 2024, RAAM is now in a stronger position, with a more solid balance sheet to seize new opportunities. Looking ahead, we remain committed to driving sustainable growth—particularly by strengthening our content portfolio, accelerating digital distribution, opening new cinema locations, and deepening strategic partnerships with national media networks," said CEO Ario Bayu.

On a quarterly basis, RAAM also demonstrated a positive trend. In the second quarter of 2025, the Company recorded a 24% quarter-on-quarter (QoQ) increase in revenue, reaching IDR 62 billion compared to IDR 49.8 billion in the first quarter. In line with this improvement, RAAM successfully turned around its position from a net loss of IDR 98 billion in the first half of 2024 to a net profit of IDR 7.2 billion in the first half of 2025—representing a 107% year-on-year (YoY) increase.

“As we enter 2025, we are increasingly optimistic, as our financial position is now more solid and clean” stated RAAM’s management in an official release. With recovery momentum continuing to strengthen, the Company expressed confidence in maintaining positive growth in the second half of 2025, supported by strategies focused on strengthening its content pipeline, accelerating digital distribution, and optimizing strategic partnerships with national media networks.

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