FIF Posts IDR 4.4 Trillion Net Profit, Up 7.5 Percent from 2023

KatadataOTO – Financing company PT FIF (Federal International Finance) recorded an increase in net profit throughout 2024. The figure was Rp 4.4 trillion in the January-December period of last year.

In comparison, year-on-year, the earnings grew by 7.5 percent from the same period in 2023, which was Rp 4.1 trillion.

This performance increase is also reflected in the high value of financing distribution, reaching Rp 45.9 trillion by the end of the fourth quarter of 2024. Meanwhile, the number of units financed was 3.2 million.

“This achievement further motivates us to continue providing optimal services to all Indonesian people,” said Valentina Chai, Director of PT FIF, in an official statement quoted on Wednesday (05/03).

Photo : Special

In the future, the company hopes that FIF can continue to generate added value and contribute positively to national economic growth.

Meanwhile, the Non-Performing Finance ratio was maintained at 1.18 percent in the fourth quarter of 2024. This also indicates the healthy performance of PT FIF, referring to the indicators set by the OJK (Financial Services Authority).

Then there was a 16.1 percent year-on-year increase in Net-Service Assets to Rp 46.7 trillion in 2024.

“We thank all stakeholders for the trust they have placed in FIF as the financial solution of choice to meet various needs,” Valentina affirmed.

For your information, FIF has five main business lines: FIFAstra, Spektra, Danaastra, Finantra, and Amitra.

It was reported last year that FIFAstra, which provides financing for Honda motorcycles, grew to Rp 22.3 trillion. Meanwhile, 1.3 million units were financed.

Then at the 2024 IMOS event, the estimated transaction value was Rp 6.8 billion, in line with the company's target for that year.

Photo : KatadataOTO

Regarding the number of vehicle units financed, the figure was 306 units, an increase of two percent from the initial target of 300 units.

FIF Group itself was a platinum sponsor of IMOS 2024 at that time. Visitor enthusiasm was evident, with the booth claimed to have been visited by 6,782 people during the five-day exhibition.

FIF's presence at automotive events like IMOS is expected to help increase national financial literacy and inclusion, as is being promoted by the OJK.