Indonesia’s all-commerce firm PT BUKALAPAK.COM Tbk (Bukalapak) has recorded revenue of IDR 2.37 trillion ($136.78 million) in the first quarter this year, representing an increase of approximately 63 percent compared to IDR 1.46 trillion in the same period last year.
The firm said in a statement on Wednesday that the gaming segment remained the key growth driver, generating revenue of IDR 2.1 trillion in 1Q26, a significant increase from IDR 1.1 trillion in the previous year.
This growth was fueled by expansion across multiple markets and new product offerings, supported by continued strength in the domestic market.
In addition, strategic initiatives such as the Lapak Gaming Battle Arena further strengthened the Lapakgaming brand presence within the gaming community.
Meanwhile, the Mitra Bukalapak segment continued to reinforce its role in empowering Indonesia’s micro, small, and medium enterprises (MSME) ecosystem, recording revenue of IDR 175 billion, supported by expanded payment infrastructure, including access to EDC machines and QRIS Soundbox solutions for the Mitras.
Across other business lines, the retail segment posted revenue of IDR 80 billion, driven by physical expansion through the opening of three new Lifework stores in Central Park Mall, Tunjungan Plaza, and Senayan City.
Meanwhile, the Investment segment contributed revenue of IDR 22 billion, supported by growth in assets under management (AUM) and transaction volume, as well as the introduction of new financial products such as gold-based products and USD-denominated investment instruments.
The strong performance across these diversified business segments reflects BUKA’s commitment to building a comprehensive commerce ecosystem for users and businesses across Indonesia.
The firm also saw improvement in contribution margin to IDR 98 billion.
It also posted a positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of IDR 4 billion, a turnaround from negative IDR 20 billion in 1Q25, driven by stronger top-line performance and ongoing operational optimization.
“Achieving positive Adjusted EBITDA at the beginning of the year marks a strategic milestone for BUKA and reflects the success of our transformation in maintaining financial improvement momentum from the previous year,
“Strong revenue growth, combined with our continued focus on operational optimization across all business lines, reinforces that the company’s strategy is on the right track toward achieving sustainable profitability,” said Victor Putra Lesmana, Director of PT BUKALAPAK.COM Tbk.
Looking ahead, the company said it remains committed to maintaining operational discipline while capturing growth opportunities across its business lines.
With increasingly strong financial fundamentals and expanding market reach, Bukalapak said it sees promising growth potential going forward and is committed to sustaining this positive performance to further strengthen its position as one of the leading players in Indonesia’s technology ecosystem.