Top 30 Indonesian Light Bulbs Public Companies Q3 2025 Revenue & Performance

1) Overall companies performance (Q3 2025 snapshot)
Signify (Euronext: LIGHT) global lighting leader with presence in Indonesia (Philips brand).
PT Maspion Holdings Corporation Tbk Conglomerate with electronics/LED potential.
PT Sat Nusapersada Tbk Electronics/assembly supplier.
PT Supreme Cable Manufacturing & Commerce Tbk Electrical cable maker (components).
PT KMI Wire and Cable Tbk Wire and cable supplier.
PT Voksel Electric Tbk Cable/electrical parts.
PT Erajaya Swasembada Tbk Electronics distributor (retails bulbs/LED accessories).
PT Golden Energy Mines Tbk Energy/industrial group (wider electrification ecosystem).
PT Eratex Djaja Tbk Textile + materials supplier (industrial components).
PT Sinergi Inti Plastindo Tbk Plastics/parts (pins, housings).
PT Surya Citra Teknologi Tbk Technology components.
PT Sinar Angkasa Rungkut Tbk Industrial supply.
PT Sarana Griya Optima Tbk Home/building products retailer.
PT Citra Inovasi Utama Tbk LED/lighting components.
PT Kawi Jaya Abadi Tbk LED market supplier.
PT Litac Elektronik Tbk Electronics manufacturer.
PT Golden Sindo Elektrik Tbk Electrical equipment maker.
PT Panasonic Gobel Energy Indonesia Major lighting/LED distributor (affiliate).
PT Schneider Electric Indonesia Electrical systems & lighting products.
PT Osram Indonesia Lighting solutions (global brand local entity).
PT GE Lighting Indonesia Lighting/LED supply.
PT Sharp Electronics Indonesia Electronics/LED products.
PT Samsung Electronics Indonesia LED panels & displays.
PT Honeywell Indonesia Smart building systems (lighting controls).
PT Eaton Indonesia Power systems/lighting controls.
PT Lutron Electronics Indonesia Lighting controls & smart systems.
PT Philips Lighting Indonesia Local branch of global lighting.
PT Sinar Eka Selaras Tbk Retail electrical products.
PT Eratex Djaja Tbk Materials supplier for components.
PT Kedawung Setia Industrial Tbk - Appliance manufacturing firm
2) Revenue results of major public companies in Indonesia - summarized (per company)
Signify (Euronext: LIGHT) - Global lighting leader with strong connected lighting growth. Signify reported sales of €1.407 billion (~USD 1.5 bn) in Q3 2025, with adjusted EBITA margin ~9.7% and net income of €76 million (~USD 81 m). Growth in connected lighting and consumer LED product lines helped offset broader market softness, although overall comparable sales declined slightly year-over-year.
PT Maspion Holdings Corporation Tbk Indonesian conglomerate with electrical components exposure. Maspion is a major Indonesian industrial group with diversified electronics and electrical equipment sales, including products that support lighting assemblies.
PT Sat Nusapersada Tbk Electronic manufacturer supplying components relevant to LED systems. Sat Nusapersada produces printed circuit boards and assemblies used in LED lighting systems, Historical revenue (~USD 141 m in 2022) reflects overall electronics manufacturing scale.
PT Supreme Cable Manufacturing & Commerce Tbk Electrical cable supplier supporting lighting infrastructure.
PT KMI Wire and Cable Tbk Wire and cable manufacturer serving lighting and electrical markets. KMI provides essential wiring for LED and lighting systems.
PT Voksel Electric Tbk Electrical parts supplier with lighting ecosystem relevance. Voksels cable and electrical components help power lighting products.
PT Erajaya Swasembada Tbk Electronics distribution channel including bulbs/LED accessories. Erajaya is a major distributor of consumer electronics and accessories in Indonesia. Lighting products (e.g., LED bulbs) are part of its retail mix,
PT Surya Citra Teknologi Tbk Technology components and services potentially tied to smart lighting controls. Surya Citra Teknologi provides technology solutions often integrated with smart lighting.
PT Sinar Eka Selaras Tbk Retail electrical products supplier
Retailing electrical goods including lighting and accessories, Sinar Eka Selaras benefits from rising LED adoption.
PT Citra Inovasi Utama Tbk LED and lighting component sales exposure. Citra Inovasi Utama operates in LED component supply channels. While the company participates in the lighting market.
3) Key trends & insights from Q3 2025
Rising LED Adoption - Worldwide lighting demand is increasingly LED-centric. LED lighting now accounts for the majority of new installations and public lighting projects.
Imports Dominate - Domestic production covers about 2030% of local demand; most LED bulbs and premium lighting components are imported.
Smart & Connected Lighting Growth - Connected lighting (IoT integrated bulbs, sensors) is driving growth for companies like Signify, which reported increases in its connected installed base to 160 million in Q3 2025.
Cost & Margin Pressures - Across manufacturing segments (even if not lighting-specific), Indonesia firms face input cost pressure and FX volatility affecting profitability in Q3.
4) Outlook for Q4 2025 and beyond
Continued LED Uptake - Demand for energy-efficient lighting (LED) is expected to grow further, especially as public and industrial projects seek sustainability gains.
Policy & Local Industry Support - Government policymakers are pushing to boost the domestic LED industry (e.g., public LED lighting initiatives), which may help local firms grow share versus imports.
Potential Earnings Normalization - For global players like Signify, sequential improvements and free cash flow increases suggest stabilization even amidst softer macro demand.
Export Opportunities - Indonesian manufacturers in adjacent sectors may leverage export markets for components and assemblies as regional supply chains diversify.
5) Conclusion
Indonesias light bulb and lighting industry remains a niche but strategically important segment of manufacturing with strong LED adoption and future growth potential. While only a few companies report lighting-specific Q3 2025 earnings (e.g., Signify globally), the broader ecosystem including conglomerates and electronics manufacturers supports the industrys expansion. The outlook toward energy-efficient lighting and smart systems is positive, though domestic production still trails imports and earnings disclosures in this niche remain scarce.

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