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    Miscellaneous commercial services
PT Bhakti Multi Artha Tbk

PT Bhakti Multi Artha Tbk

IIDX:BHAT
1,770.00
IDR
-310.00
(-14.90%)
-0.67EPS
3.45TMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
7.1
11.38
12.86
24.89
28.04
58.83
31.81
Basic EPS, GAAP
0.57
2.3
1.86
0.6
0.67
0.04
-0.56
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
61.4
103.22
107.21
107.48
108.67
108.87
115.71
Tangible Book Value per Share
61.38
103.21
107.2
107.48
108.67
108.87
115.71
Basic Weighted Avg Shares
5,000
5,000
5,000
5,000
5,000
5,000
5,000
Sales/Revenue/Turnover
35,491
56,924
64,302
124,446
140,224
294,149
159,065
Operating Margin (%)
-48.67
-7.8
-43.66
-4.11
-11.08
17.34
-4.08
Depreciation Expense
273
810
817
718
293
663
926
Net Income, GAAP
2,871
11,525
9,306
3,011
3,350
204
-2,775
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
8.09
20.25
14.47
2.42
2.39
0.07
-1.74
Working Capital
276,896
478,542
488,916
439,677
448,970
393,423
389,829
LT Debt
- -
1,665
1,121
346
406
2,488
251,514
Total Equity
310,212
519,525
539,709
541,367
547,432
548,760
582,625
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
2.8
1.77
0.56
0.62
0.04
-0.49

Capital Structure

IDR

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
248,923
- -
- -
LT Borrowings
- -
249,038
249,154
LT Finance Leases
2,488
2,475
2,361
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,000
5,000
5,000
Market Capitalization
2,310,000
2,525,000
3,450,000

Working Capital

IDR

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
970,110
684,922
739,562
Cash, Cash Equivalents & STI
906,689
627,497
682,253
Accounts Receivable, Net
6,825
54,898
54,338
Inventories
- -
- -
- -
Total Current Liabilities
576,686
319,208
349,734
Payables & Accruals
- -
- -
- -
ST Debt
248,923
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
14.61%
0.24%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
26.38%
-93.91%
Sales/Revenue/Turnover
- -
57.87%
109.77%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
24,618
19,548
34,712
61,347
140,224
2024
68,995
92,127
84,254
48,773
294,149
2025
25,515
522
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.31
-0.03
-0.22
0.61
0.67
2024
0.53
0.27
-0.37
-0.4
0.04
2025
0.04
0.17
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Dimas Teguh Mulyanto
Full Time Employees
41
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Tifa Building Lt. 8 Jakarta JK Indonesia 12710
IPO Date
Apr 15, 2020
Website
bhaktimultiartha.co.id
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Business
PT Bhakti Multi Artha Tbk is an Indonesia-based holding company and provider of management consulting services that operates primarily in the financial sector through its subsidiaries. Founded in 2017 as PT Nasional Mitra Utama and headquartered at Gedung Tifa, 8th Floor, Jl. Kuningan Barat 26, South Jakarta, the company offers a range of financial solutions including multifinance and fintech services; group insurance products such as National Credit Life Protection, National Personal Accident Protection, National Eka Life, and National Welfare Fund Protection; group additional insurance covering critical illness, permanent disability, and waiver of premium on death; individual additional insurance including hospital cash plans, term life, personal accident, and total permanent disability; and other specialized products like National Health Protection, National Defined Protection, Optimal Protector eNational, and National Credit Life Protection Plus. It provides advice and guidance on business operations, organizational issues, management functions, agronomy, agricultural economics, accounting methods, and procedures, targeting clients in Indonesia with a focus on the life insurance segment that serves over 900,000 clients through its subsidiary Asuransi Jiwa Nasional (Nasional Life). The company lists on the Indonesia Stock Exchange under ticker BHAT.JK since April 2020 and maintains subsidiaries including PT Nasional Investindo Perkasa for holding and consulting, PT Bhakti Fintek Indonesia for fintech consulting, and PT Bhakti Cahaya Utama for management services, while operating as a subsidiary of PT Nasional Niaga Abadi. Recent developments include a significant acquisition of 255.43 million shares by PT Zed Utama Persada in April 2024, enhancing its strategic ownership structure in the life insurance space.