Indonesia’s Blue Bird reports 42% profit growth in Q1 2025

Indonesia’s PT Blue Bird Tbk (BIRD) reported a net profit of 167 billion rupiah (US$10.09 million) in Q1 2025, a 42% increase from last year.

Revenue rose 16% year-on-year to 1.3 trillion rupiah (US$78.53 million). EBITDA grew by 25%, reaching 320 billion rupiah (US$19.33 million).

The revenue growth was driven by a 14% increase in the taxi segment and a 23% rise in non-taxi services.

Bluebird’s fleet expanded to over 24,500 units, improving service availability in various cities.

The company is focusing on sustainable mobility by adding more EV to its e-Bluebird and e-Goldenbird fleets.

🔗 Source: Katadata

🧠 Food for thought

1️⃣ Electric vehicle adoption proving to be a strategic advantage for taxi operators

Blue Bird’s expansion of electric vehicle fleets with e-Bluebird and e-Goldenbird aligns with a significant industry trend, as the global EV taxi market is projected to grow at a compound annual growth rate of 18.4% through 20321.

This transition comes as stricter emissions regulations worldwide push transportation providers toward electrification, with government policies creating both incentives and mandates1.

Beyond regulatory compliance, EV taxis offer operational cost advantages compared to traditional combustion engine vehicles, potentially improving profit margins for operators investing in fleet conversion1.

The company’s EBITDA growth of 25% suggests that its sustainability investments are contributing positively to financial performance, reflecting a trend seen across innovative transportation providers.

2️⃣ Digital platform growth becoming crucial revenue driver in transportation

Blue Bird’s reported 47% growth in MyBluebird app users reflects a broader industry shift toward digital-first customer engagement, as ride-hailing services increasingly compete on technological innovation rather than just fleet size.

The ride-hailing market is expected to reach between $175-203 billion globally in 2025, with digital payment adoption serving as a key accelerator of this growth2.

This trend is particularly strong in the Asia-Pacific region, which leads global ride-hailing market share, driven by urbanization and widespread smartphone adoption2.