RAAM Strengthens Financial and Operational Foundation in 2024 Amid Strategic Adjustments

Jakarta, 28 March 2025 – PT Tripar Multivision Plus Tbk (RAAM) has announced its financial  performance for the 2024 fiscal year, highlighting its strong operational foundation despite  industry challenges, driven by continued film distribution and production activities. 

The company recorded a year-on-year (YoY) revenue decrease from Rp399.27 billion in 2023 to  Rp229.34 billion in 2024, reflecting a 42.56% decrease in performance. Despite this performance,  RAAM continues to position itself for sustained future growth by optimizing resources and  enhancing financial efficiency. This approach underscores the company’s commitment to  creating long-term value for investors and stakeholders. 

RAAM remains financially stable, with a gross profit of Rp80.38 billion. The company has recorded  a net loss attributed to a strategic decision of a one-time write-off of receivables, ensuring a  cleaner and healthier financial position moving forward. By proactively addressing these  accounts, RAAM reinforces its commitment to prudent financial management and transparency.  The company continues to generate solid operational revenues, demonstrating resilience and  strong business fundamentals. 

"We are taking necessary steps to strengthen our financial foundation, ensuring long-term  sustainability and profitability. By refining our revenue streams and reinforcing our operational  efficiency, we are positioning RAAM for future success in the evolving entertainment landscape,”  said Ario Bayu, Vice President of Operation & Business Development at RAAM. 

As part of its strategic vision, RAAM has welcomed legendary actor and entrepreneur Ario Bayu as the Vice President of Operation & Business Development. Leveraging his industry expertise  and influence, RAAM aims to strengthen the company’s creative direction and market appeal to  face the dynamic entertainment industry. His appointment will bring valuable insights into film production and distribution strategies, further enhancing RAAM’s brand and audience  engagement. 

Additionally, the company entered into a strategic partnership with PT MNC Digital  Entertainment Tbk (MSIN) to enhance future content distribution and provide audiences with  greater access to high-quality films. These initiatives demonstrate RAAM’s commitment to  reaching wider audiences and reinforcing its position as a leading player in the industry. 

Looking ahead, RAAM remains committed to innovation and market leadership. The company  plans to further invest in high-quality film production while expanding its presence in the digital  streaming sector. With a robust pipeline of upcoming projects, RAAM is poised for sustained  growth, solidifying its status as a premier entertainment company in Indonesia. 

Furthermore, amidst ongoing market volatility, RAAM's founder and key shareholder,  Ram Punjabi, has continued to increase his stake in the company through open-market  purchases. His ongoing accumulation reinforces his strong commitment to the company’s future.  Ram remains confident in RAAM’s long-term potential and the resilience of Indonesia’s  entertainment industry, signaling his intent to continue increasing his holdings as a testament to  his belief in the company’s strategic direction. 

By strengthening its financial foundation through responsible bookkeeping and strategic content  investments and partnerships, RAAM is well-positioned for long-term success. The company’s  initiatives in content creation, technological advancements, and international collaborations are  expected to drive continued industry leadership. 

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