KONTAN.CO.ID - JAKARTA. Finance company, PT Adira Dinamika Multi Finance Tbk (Adira Finance) recorded revenues reaching IDR 10 trillion in 2024.

Sylvanus Gani Mendrofa, Finance Director of Adira Finance explained that the value experienced a growth of 5% compared to the same period in the previous year.

However, Adira Finance's total expenses increased by 17% year on year (YoY) or annually to IDR 8.2 trillion.

"This is mainly due to the increase in funding costs and credit costs," said Gani in his official statement, Tuesday (25/2).

As a result, net profit after tax was corrected to IDR 1.4 trillion. Thus, Return on Asset (ROA) and Return on Equity (ROE) were recorded at 5.3% and 12.7%, respectively.

In terms of funding, Adira Finance continues to diversify funding sources both through ongoing support from joint financing with its parent company, Bank Danamon, and obtaining external loans from banks (both domestic and foreign banks) and the capital market (local bonds and mudharabah sukuk).

Until the end of December 2024, Gani said that joint financing represented around 48% of managed receivables. Meanwhile, Adira Finance's total loans in 2024 increased by 11% YoY to IDR 17.9 trillion, consisting of bank loans (domestic and foreign) and bonds and sukuk contributing 60% and 40%, respectively.