Superbank posts $8.4m profit after 2025 IPO

Super Bank Indonesia Tbk, a digital bank, reported a pre-tax profit of 143.3 billion rupiah (US$8.4 million) for 2025.

The result followed its December 2025 IPO on the Indonesia Stock Exchange, which strengthened its capital and placed it in the KBMI 2 category.

Net interest income rose 160% year-on-year to 1.6 trillion rupiah (US$94.3 million), loans rose 50% year-on-year to 9.6 trillion rupiah (US$566.3 million), while third-party funds rose 139% year-on-year to 11.8 trillion rupiah (US$696.4 million).

Total assets rose 87% year-on-year to 21.3 trillion rupiah (US$1.2 billion) and cost-to-income ratio improved to 70.52% from 139.16%.

Non-performing loan (NPL) gross was 2.60% and NPL net 0.68%, while loan to deposit ratio (LDR) was 81.32% and net interest margin (NIM) was 10.64%.

Since its app launch in June 2024 it has served over 6 million customers and exceeded 1 million transactions per day.

As a KBMI 2 bank, Superbank said it will prioritise technology innovation, ecosystem synergies, and prudent risk management in 2026.

🔗 Source: Kompas.com

🧠 Food for thought

Implications, context, and why it matters.

Superbank’s capital raise was influenced by regulatory pressure

Superbank’s shift into the KBMI 2 category matched Indonesia’s Financial Services Authority (OJK) push for smaller banks to boost capital, including through consolidation 1.
OJK has floated removing the KBMI 1 category for banks with less than Rp 6 trillion in core capital. Banks in that bracket received advisory letters urging stronger capital 2.
Right before the IPO, Superbank sat in KBMI 1 with Rp 4.88 trillion in core capital as of September 2025 3.
The public offering raised Rp 2.79 trillion, lifting core capital to Rp 8 trillion. That meets the KBMI 2 threshold, though the bank said it still must finish the administrative steps for formal reclassification under OJK rules 2.

A “buy-and-build” playbook for digital banking emerges in Southeast Asia

Superbank did not start from scratch. It repurposed a traditional bank that began operating in 1993 as PT Bank Fama International 4.
The “buy-and-build” approach lets tech-linked backers inject money and technology into a bank that already has a license. Backers include Grab (a Southeast Asian ride-hailing and delivery company), Emtek (an Indonesian media and technology group), and Singtel (Singapore Telecommunications, a major telecom operator) 5.
Investors backed the model, with the IPO oversubscribed by more than 300 times 4.
The response offers a template for other tech ecosystems seeking a path into Indonesia’s digital finance market. Buying smaller banks could become a common entry route.