The company operates 190 stores across Indonesia. With the most established retail shops throughout the country, ACES is ahead of competitors in the Indonesian market and remains the market leader for home supplies. The company achieved 10% revenue CAGR over 13 years with projected 7% CAGR for the next 3 years.
Cyborg Score Rationale
The company achieved significant recovery with Rp204.81b profit in Q1 2024, representing 29.34% year-over-year growth. ACES consistently scores well in ESG ratings with a score of 18.95, indicating low ESG risk. Market leadership and store expansion provide stable positioning, though operating income growth projections are modest at 1% CAGR.
Top Insights
Home improvement segment is the largest revenue contributor at 53%, followed by lifestyle at 39%.
Hardware shoppers in Indonesia prefer offline shopping to ensure product quality and avoid returns, benefiting ACES' physical store advantage.
Through subsidiary PT Toys Game Indonesia, the company operates the Toys Kingdom brand in the toys retail segment.
Ultimate parent entity is PT Kawan Lama Internusa, and the company is part of the Kawan Lama Group.
Named Competitors
General Home Improvement Retail — Regional hardware and home improvement competitors in Indonesia
Recent Developments
(December 2024) Market leadership consolidation with 190 stores and 14,127 employees across Indonesia
(June 2025) Net income of 819.2B IDR reported, with net income growth of -1% over the past year
(Q1 2024) Achieved 29.34% year-over-year profit growth to Rp204.81b
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