November 4, 2025 | 12:07 pm
TEMPO.CO, Jakarta - PT Sepatu Bata Tbk (BATA) recorded a current year loss of Rp52.1 billion throughout January-September 2025. This amount decreased from a loss of Rp129.6 billion in the same period last year.
Based on its financial report on the Indonesia Stock Exchange, on Monday, November 3, 2025, BATA recorded sales of Rp236.9 billion. This decreased from Rp363.2 billion in the same period last year.
BATA's sales are from the domestic and export markets. Domestic sales of BATA from third parties amounted to Rp236.3 billion, while related party exports reached Rp550.6 billion.
Furthermore, BATA's cost of sales until September 2025 decreased from Rp224.4 billion to Rp146.8 billion. From this amount, BATA recorded gross profit of Rp90 billion, a decrease from Rp138.8 billion in the same period last year.
As of September 30, 2025, BATA had liabilities of Rp402.1 billion with negative equity (deficiency of capital) of Rp75.4 billion. This deficiency in BATA's capital increased from Rp15.9 billion in December 2024. Currently, BATA has total assets of Rp326.6 billion, a decrease from Rp405.6 billion in December 2024.
Throughout the first semester of 2025, BATA recorded losses of Rp40.5 billion, a decrease from Rp127 billion in the same period last year.
In September 2025, BATA stopped the footwear industry's daily necessities business. This decision was outlined in the shareholders' meeting results that amended Article 3 of the Company's Articles of Association on Thursday, September 25, 2025.
BATA's Director and Corporate Secretary, Hatta Tutuko, stated that this step was taken because the company had successfully transitioned production to local suppliers since halting production on May 4, 2024.
According to him, this step also increased the company's supply chain flexibility and contributed positively to cost efficiency.
"Considering that there are no plans to resume production activities within the company, the board of directors deemed it necessary to adjust the company's Articles of Association with the current operational model," he said.
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