Cinema XXI Maintains Positive EBITDA and Records IDR929.2 Billion Revenue in Q1 2025
- In Q1 2025, Cinema XXI recorded a positive EBITDA of IDR125.2 billion.
- Cinema XXI opened four new cinema locations with an addition of 15 screens in Q1 2025.
Jakarta, April 24, 2025 – PT Nusantara Sejahtera Raya Tbk. (Cinema XXI, stock code: CNMA) recorded revenue of IDR929.2 billion in the first quarter of 2025. In the first three months of 2025, cinema ticket sales contributed 63% and the food and beverage (F&B) business line contributed 33% to the revenue.
President Director of Cinema XXI, Suryo Suherman, explained that seasonality and momentum impact the number of total admissions and shape the dynamics of the cinema industry. "March 2025, the third month of the first quarter, coincided with the Ramadan period. Based on our operational history, this time typically results in a shift in consumption trends that affects people's priorities and spending habits. Specifically for the entertainment segment, moviegoing activity lowers compared to regular days," he added.
In the first quarter of 2025, five (5) movies surpassed one million viewers, compared to seven (7) in the same period last year. This condition was also reflected in Cinema XXI's revenue, which experienced a decrease in the first quarter of 2025 compared to the previous year. Nevertheless, Cinema XXI still demonstrated healthy business performance by recording a positive EBITDA of IDR125.2 billion in the first quarter of 2025. Additionally, Cinema XXI also successfully maintained its spend per head (SPH) for F&B product purchases at IDR24,425, higher than the same period in 2024, which was IDR22,401.
Amidst the industry's dynamics, we are pleased to report a positive EBITDA, reflecting the Company's healthy and stable operational condition. Furthermore, we remain focused on expanding and providing quality, affordable, and easily accessible entertainment options for the Indonesian people. In Q1 2025, Cinema XXI opened four new cinema locations with an additional 15 screens," said Suryo.
The four newest cinemas opened throughout Q1 2025 are Tenth Avenue XXI Bandung, Living World Grand Wisata XXI Bekasi, Bandara City Mall XXI Tangerang, and Mall Indramayu XXI. Thus, as of March 31, 2025, the Cinema XXI network has reached 66 cities/regencies across Indonesia, with a total of 1,365 screens in 260 cinema locations.
Suryo added that the situation will reverse in the second quarter of 2025. "Total admission in the current month of April 2025 are nearing the total admissions in Q1 2025. The notable increase in total admission was driven by five movies that were released during the Lebaran holiday period. This success highlights the strong appeal of cinemas as a source of quality and affordable entertainment. It also emphasizes the significance of special occasions in attracting viewers to the cinema," Suryo stated.
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About Cinema XXI
Cinema XXI, operates under the auspices of PT Nusantara Sejahtera Raya Tbk, is the largest cinema chain operator in Indonesia with more than 36 years of experience in the film exhibition industry. Cinema XXI is committed to always providing the best moviegoing experience and convenience for the people of Indonesia. As of March 31, 2025, Cinema XXI has presented 1,365 screens in 260 cinema locations across 66 cities/regencies throughout Indonesia.
In 2006, Cinema XXI launched m.tix to facilitate SMS-based cinema ticket ordering which was then developed into an online-based application. In 2012, Cinema XXI presented a movie-viewing experience with revolutionary technology, namely the IMAX theater. To better improve the services given to customers, Cinema XXI has also equipped the theaters with the latest "Dolby Atmos" audio system, which is now available on 86 screens.
Not only a place to watch movies, Cinema XXI is also a second home for people to spend quality time with family and friends. Cinema XXI presents an unforgettable moviegoing experience for today and tomorrow. For three consecutive years in 2017, 2018, and 2019 Cinema XXI has been awarded the "World Branding Award" in Kensington, London as the Best Brand in the Entertainment Cinema Category (National Tier). In early 2019, Cinema XXI was also been awarded the "Millennials Top Brand Awards" by one of the preferred media of Indonesia’s young generation as the first choice of millennials for the category of leading cinema network in Indonesia. Despite the pandemic condition, in 2020, Cinema XXI was named "Industry Champion of the Year" by the Asia Corporate Excellence and Sustainability (ACES) Awards and “Indonesia Best Managed Company” by Deloitte in 2023 and 2024.
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