WillItSurvive
IT services and system integrators · Indonesia

Metrodata Electronics

metrodata.co.id ↗

Indonesian IT distributor and integrator reselling AWS, Google Cloud, Microsoft, IBM, SAP since 1983.

Hard to displace
Assessed 26 July 2026 · Evidence as of 26 July 2026
Strong structural protection; the business model survives ai pressure.
On the recordSince 26 July 2026 · Checkable from Q3 2026 · Every call on the record Checkpoint: H1 2026 earnings release, testing whether Q1's 21.4% YoY growth spike holds and whether Services mix improves
The call

A 40-year-old reseller riding hyperscaler growth in Indonesia, with margins thin and the FPT-Metrodata AI/cloud JV still unproven as a real profit driver.

Metrodata buys tech products from companies like Amazon, Microsoft, and Google, then sells and installs them for Indonesian businesses and government offices. It is hard to replace because those big tech companies legally need local partners like Metrodata to do business in Indonesia, and large customers trust Metrodata after decades of handling their sensitive systems and compliance rules. The one thing that could change everything is whether Metrodata's new joint venture with FPT can actually grow high-value services like AI consulting and cybersecurity, which pay better than just reselling products, or whether it stays stuck selling commodity software and hardware with shrinking profits.

Why
01
AI pressure: Hyperscaler-native AI migration and support tooling. AI-assisted setup tools could shrink the low-end support work Metrodata bills for, squeezing distribution margins over time. Could AI do the core job? Only partly.
02
Bigger players: AWS, Google Cloud, Microsoft, IBM, SAP. These vendors need Metrodata's local licensing, government relationships, and channel presence, going direct in Indonesia would require years of headcount buildout. Could a giant copy it? Probably.
03
What protects it. Decades-old authorized reseller status plus regulated government and enterprise trust that hyperscalers cannot quickly replicate locally.
What would change this call
Metrodata discloses whether Solutions & Consulting revenue share rises in quarterly reports through 2026. Shows if it is shifting from low-margin distribution toward higher-margin services.
FPT-Metrodata JV announces concrete client wins or revenue figures by end of 2026. Indicates whether the AI/cloud/security JV is gaining real traction or stalling.
Any hyperscaler (AWS, Google Cloud, Microsoft) announces direct local sales presence in Indonesia. Would signal erosion of Metrodata's channel-partner moat.
Key numbers
  • FY2025 revenue IDR 27.18 trillion, +8.1% YoY (2025-12-31)
  • Q1 2026 revenue growth +21.42% YoY (2026-03-31)
  • TTM net income IDR 819.24 billion, +9.8% YoY (2026-06-30)
Named risks
  • AI-assisted migration tooling compressing commodity distribution and support margins. Severity: medium
  • Hyperscaler could launch direct local sales headcount in Indonesia, undercutting reseller moat. Severity: high
  • FPT-Metrodata JV unproven, could be quietly wound down without hitting its $100M target. Severity: medium
  • Revenue and profit remain distribution-heavy with thin margins typical of hardware resale. Severity: medium
  • Stock shows wide 52-week price swing, roughly IDR 464 to 685, adding investment volatility. Severity: low
Rivals, as read in July 2026
RivalDirectionEvidence
AWS, Google Cloud, Microsoft AzurecontestingHyperscalers structurally blocked from direct Indonesia go-to-market, rely on Metrodata as channel, 2026
Astra Graphia (IDX: ASGR)contestingDirect IDX-listed peer competing for Indonesian enterprise IT deals, per finchat.io 2026
Anabatic Technologies (IDX: ATIC)contestingDirect IDX-listed IT solutions peer flagged as industry competitor, 2026
TD Synnex, CDWcontestingGlobal IT distributors listed as loose peers but operate at far larger scale, per finchat.io 2026
Questions people ask
Is Metrodata Electronics profitable?
Yes. Metrodata's trailing twelve month net income reached IDR 819.24 billion as of mid 2026, up about 9.8% year over year, on FY2025 revenue of IDR 27.18 trillion, up 8.1% YoY, per stockanalysis.com data through July 2026.
Who owns Metrodata Electronics?
As of a 2019 filing, PT Ciputra Corpora held 35.83% and founder Hiskak Secakusuma held 16.2%. A 2026 snapshot shows BNP Paribas SA holding a custodial position of about 16.6% and Pangolin Investment Management about 6.4%, per Investing.com, May 2026.
Could AI replace Metrodata Electronics?
Unlikely to fully replace it. AI-assisted migration tools can compress margins on commodity distribution and first-line support, but Metrodata's decades-long licensed reseller status with AWS, Google Cloud, Microsoft, IBM and SAP, and its regulated-enterprise trust in Indonesia, are not directly reproducible by AI products as of 2026.
Who is Metrodata Electronics' biggest competitor?
Local IDX-listed rivals Astra Graphia (ASGR), Anabatic Technologies (ATIC) and Multipolar Technology (MLPT) compete directly for Indonesian enterprise IT deals; hyperscalers like AWS and Google Cloud are structurally disincentivized from going direct and instead rely on Metrodata as channel partner, per finchat.io peer data, 2026.
What is Metrodata's FPT joint venture and is it working?
PT FPT Metrodata Indonesia, formed September 2024 with Vietnam's FPT IS, targets AI, cybersecurity, cloud and SaaS with a stated five-year revenue target of US$100 million (vendor-claimed). As of mid-2026 no independently verified revenue progress for the JV has been reported.
How fast is Metrodata Electronics growing?
Q1 2026 quarterly revenue rose 21.42% year over year to IDR 6.71 trillion, accelerating from FY2025 full-year growth of 8.1% and FY2024 growth of 13.87%, according to stockanalysis.com data published July 2026.
Timeline
  • 2026-07-22Q1 2026 revenue reported up 21.42% YoY to IDR 6.71 trillion
  • 2026-06-28Nvidia-backed Firmus announces 360MW AI data center in Batam, Indonesia
  • 2026-01Metrodata Solution Day 2026 held under theme Winning with AI
  • 2024-09-30PT FPT Metrodata Indonesia JV formally established, targeting $100M in 5 years
  • 2024-08Metrodata launches generative AI technology solution for clients
  • 2024-05Kata.ai, Metrodata and Google Cloud Indonesia begin generative AI collaboration
  • 2024-01Metrodata signs strategic partnership with Vietnam's FPT IS on cloud, data, AI
  • 1997-01Metrodata becomes IBM Business Partner, alliance continues to 2026
  • 1990-02-14Metrodata lists on Indonesia Stock Exchange under ticker MTDL
  • 1983-02-17Metrodata begins commercial operations per WSJ company profile
Revision history
26 July 2026
First assessed. Hard to displace. The text above is fixed as of this date and is not edited afterwards.
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