Jakarta, IO – WIR Group, a leading technology platform solution with Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI), continues to make history by listing its shares on the stock exchange in April 2022 and achieving a record high revenue since its establishment, with its EBITDA and net profit increasing by 95.3% and 96.2%, respectively, compared to 2021.
PT WIR Asia Tbk (WIR Group), a leading Business-to-Business-to-Customer (B2B2C) technology platform solution developer in Southeast Asia with Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) technology features, has achieved positive performance growth in 2022. This is recorded by the company’s consolidated revenue achievement of IDR 1.694.5 billion in 2022, compared to IDR 605.5 billion in 2021. The Company also increased its EBITDA and net profit by 96.2% (2022: IDR 89.9 billion) and 95.3% (2022: IDR 48.1 billion), respectively, from 2021. The increase in net profit is derived from the company’s sustained and continuous consolidated revenue growth throughout 2022, with a focus on maintaining profitability.
The following two segments are recurring revenue derived from DAV, Mindstores, and Minar as business units, which are B2B2C technology platform solutions based on Software as a Service (SaaS). Sale of goods and commissions via the platform, as well as promotion and advertising, contribute the most to the company’s total consolidated revenue, accounting for 79.7% (IDR 1,350.1 billion) and 10.2%, respectively (IDR 172.4 billion). These two segments’ contributions have increased compared to their contribution in 2021, which were 71.6% (IDR 433.9 billion) and 5.5% (IDR 33.4 billion), respectively, particularly from the promotions and advertising via platform segment, which contribution increased almost two-fold.
“Throughout 2022, WIR Group continued to make history by listing its shares on the stock market in April 2022 and achieving its highest revenue recorded since the company was founded. This positive performance was supported by the holistic growth and development of the Company’s business units through its implementation of strategies for both B2B business units and B2B2C solution platforms, supported by the efficient use of funds from the IPO. Based on these achievements, we are very optimistic on continuing this upward trend in the future by implementing growth strategies and consistently maintaining innovation in AR, VR, and AI-based technology industries,” said Michel Budi Wirjatmo, CEO of WIR Group.
WIR Group constantly strives to build a technology-development industry ecosystem that can integrate O2O (online to offline) and consistently pursuing the mission of educating the market on web 3.0 technology as we move towards the smart society era. “We believe that our efforts can create new economic opportunities and accelerate Indonesia’s digital transformation,” Michel Budi concluded. (des)