KONTAN.CO.ID - JAKARTA. PT Mandiri Utama Finance (MUF) recorded positive profit growth throughout the first half of 2026.

MUF’s Director of Finance & Risk Management, Reza Adriansyah, revealed that the company's net profit (Net Profit After Tax/NPAT) grew by 9.4% year-on-year (YoY) as of June 2026.

"This growth was driven by increased revenue, maintained efficiency, and solid asset quality," he told Kontan on Wednesday (August 19, 2026).

He noted that although financing growth remained challenging during the first half of the year, the company saw opportunities to sustain profit growth by optimizing various financing segments, enhancing efficiency, and ensuring asset quality remained intact.

Reza described these efforts as part of MUF's strategy to continue driving healthy and sustainable business growth.

Meanwhile, the Financial Services Authority (OJK) also recorded significant profit growth in the multifinance industry—rising 15.72% to reach IDR 12.75 trillion as of June 2026.

However, Reza pointed out that rising interest rates remain a challenge looming over the multifinance industry regarding the maintenance of profit growth through the end of the year.

This is because such rate hikes cannot simply be passed on to customers through higher financing interest rates.

On the other hand, the company must consider other critical factors, such as the motor vehicle financing market's capacity to absorb rate hikes amidst economic pressure and public purchasing power that has not yet fully recovered, as well as the level of industry competition.

Nevertheless, MUF remains optimistic about sustaining profit growth through the end of the year. This optimism is underpinned by the optimization of financing in segments with relatively higher profitability, improved cost efficiency, and maintained financing quality. For reference, MUF also successfully recorded a 33% increase in profit to approximately IDR 400 billion in 2025.