PT Aspirasi Hidup Indonesia Tbk. (ACES), the holding company for prominent retail brands such as AZKO, ATARU, Pendopo, NEKA, and its subsidiary brand Toys Kingdom, has reported a significant performance improvement in the first quarter of 2026. The company’s profit surged by an impressive 18.3 percent early in the year, reaching IDR 163.59 billion.
The stellar performance of the company, previously known as PT Ace Hardware Indonesia Tbk., was primarily driven by the momentum of Ramadan and Eid al-Fitr. Gregory S. Widjaja, Director of PT Aspirasi Hidup Indonesia, attributed this robust first-quarter showing to the company’s consistent execution of strategic initiatives. These initiatives focused on strengthening product offerings, optimizing operational management, and expanding the store network across Indonesia.
“We are witnessing a significant improvement in customer interest and spending behavior, which serves as a crucial indicator for sustained growth,” Gregory stated in an official release quoted on Sunday, May 3, 2026, highlighting the positive market sentiment that bolstered their results.
During the first quarter of 2026, the company recorded a substantial 10.1 percent increase in net sales, reaching IDR 2.35 trillion. This growth propelled the current year’s profit to expand by 18.3 percent compared to the same period last year. The superior Ramadan momentum, reflected in enhanced transaction quality, was a key factor in achieving these impressive financial figures.
The expansion of retail stores also showed positive trends, evidenced by a Same Store Sales Growth (SSSG) of 4.3 percent. Major contributions came from Jakarta and other regions within Java. Furthermore, areas outside Java, which are still undergoing continuous expansion, demonstrated solid sales growth, benefiting from strategic regional development and penetration.
In terms of network expansion, the company successfully added four new stores throughout the first quarter of 2026, comprising two AZKO outlets and two NEKA stores. Consequently, by the end of March 2026, ACES’ retail network had grown to include 267 AZKO stores and 12 NEKA stores, strategically located across various regions in Indonesia.
Gregory emphasized that these additions are part of a targeted strategy aimed at broadening market reach and solidifying the company’s presence in high-potential cities. Looking ahead, PT Aspirasi Hidup Indonesia is targeting the opening of a total of 65 to 80 new stores in 2026, specifically 25-30 AZKO stores and 40-50 NEKA stores. This ambitious expansion plan underscores the company’s commitment to extending its service accessibility to a wider customer base throughout Indonesia.
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Summary
PT Aspirasi Hidup Indonesia Tbk. (ACES) reported a strong start to 2026, with profits rising 18.3 percent to IDR 163.59 billion and net sales increasing by 10.1 percent to IDR 2.35 trillion. This performance was primarily driven by high consumer spending during the Ramadan and Eid al-Fitr period, alongside effective strategic initiatives in operational management and product offerings. Additionally, the company recorded a 4.3 percent growth in Same Store Sales (SSSG), supported by successful retail expansion in both Java and other regions.
To sustain this growth, the company expanded its retail network by adding four new stores in the first quarter, bringing its total to 279 outlets. ACES has set an ambitious target to open between 65 and 80 new stores throughout 2026 to further broaden its market reach across Indonesia. This strategy aims to solidify the company’s presence in high-potential cities and improve accessibility for its growing customer base.