Indomaret Stock: Which Listed Company Owns the Business

Swan.my.id — Jakarta - Indomaret stock is often searched by investors looking for a way to gain exposure to one of Indonesia’s largest minimarket businesses. However, Indomaret is not a publicly listed company on the Indonesia Stock Exchange (IDX).

The Indomaret retail network operates under PT Indomarco Prismatama. The company is not listed as a separate issuer on the IDX. Instead, investors can gain indirect exposure through PT Indoritel Makmur Internasional Tbk, known by its stock code DNET.

Based on the information provided in the source material, DNET owns around 40% of PT Indomarco Prismatama. This structure makes DNET an important company for investors studying the public-market connection to the Indomaret business.

Indomaret Stock Is Not Directly Listed on the IDX

The first point investors need to understand is that Indomaret stock does not exist as a separate listed security on the IDX. Indomaret is a brand operated by PT Indomarco Prismatama.

Because Indomarco Prismatama has not conducted a separate public listing, investors cannot simply search for an “Indomaret” ticker on the Indonesian stock market.

Instead, the indirect route is through PT Indoritel Makmur Internasional Tbk (DNET). The company holds approximately 40% of Indomarco Prismatama.

Therefore, DNET provides investors with indirect exposure to the performance of Indomaret. However, DNET is not the same company as Indomaret.

This distinction is important. Buying DNET shares means buying shares in a listed holding company with several business interests. It does not mean directly owning shares in Indomaret.

Quick Facts About Indomaret and DNET

• Indomaret operator: PT Indomarco Prismatama
• Indomaret IDX listing: Not listed separately
• Listed company connected to Indomaret: PT Indoritel Makmur Internasional Tbk
• DNET stock code: DNET
• DNET ownership in Indomarco Prismatama: Around 40%
• Business structure: Holding and investment company
• Major business exposure: Retail, food service, consumer products, and fiber-optic infrastructure

Who Controls DNET?

DNET is controlled through a broader corporate structure associated with the Salim business group.

According to the source material, PT Megah Eraraharja is recorded as the controlling shareholder of DNET. The company is part of a business group associated with businessman Anthoni Salim.

Ownership information cited in the material from mid-2025 showed several major shareholders. Hannawell Group Limited held about 39.35%, while Anthoni Salim was associated with roughly 23% to 25% ownership.

PT Megah Eraraharja held around 20.13% and was identified as DNET's controlling shareholder. The remaining shares were held by public investors.

This ownership structure gives DNET a different profile from a conventional operating company. Investors should therefore examine the entire portfolio rather than focusing only on Indomaret.

DNET Has More Than Indomaret Exposure

One of the most important aspects of DNET is its diversified business portfolio.

The company does not rely solely on the performance of Indomaret. It also has stakes in other businesses that operate in consumer-related industries.

Among the major investments mentioned in the source material are:

• PT Indomarco Prismatama — operator of the Indomaret retail network, with DNET holding around 40%.
• PT Fastfood Indonesia Tbk (FAST) — associated with the operation of KFC and Taco Bell franchises in Indonesia, with DNET holding around 35.84%.
• PT Nippon Indosari Corpindo Tbk (ROTI) — producer of Sari Roti and other packaged bakery products, with DNET holding around 25.77%.
• PT Mega Akses Persada (FiberStar) — a company involved in fiber-optic network infrastructure.

As a result, DNET's financial performance can be influenced by several different industries.

This diversification can provide broader exposure to Indonesia's consumer economy. However, it also means investors must analyze several businesses before forming an investment view.

Indomaret Network Continues to Expand

The scale of Indomaret is another reason the business attracts attention from investors.

The source material cites data showing that Indomaret had 23,441 stores by the end of the third quarter of 2025. That figure represented growth of 3.35% from 22,682 stores in 2024.

The large store network highlights the importance of modern retail in Indonesia. Minimarkets have become an important part of daily consumer activity, particularly because of their proximity to residential areas.

However, store expansion alone does not guarantee stronger shareholder returns. Investors also need to consider sales growth, margins, operating costs, competition, and consumer purchasing power.

Meanwhile, the retail sector faces intense competition. Major minimarket chains continue to expand their presence across Indonesian cities and smaller communities.

How Investors Can Access DNET Shares

Investors who want to study DNET can access the company's shares through the Indonesian stock market.

However, buying shares should begin with research rather than simply following the popularity of a familiar consumer brand.

Before making a decision, investors can examine several important factors:

• Revenue and profit growth: Check whether financial performance is improving consistently.
• Valuation: Compare indicators such as price-to-earnings ratio with historical and industry levels.
• Dividend policy: Review dividend history and the company's ability to generate cash.
• Business portfolio: Analyze DNET's exposure to Indomaret, FAST, ROTI, and other businesses.
• Ownership structure: Understand the controlling shareholders and public share availability.
• Liquidity: Consider daily trading activity before entering or exiting a position.

In addition, investors should understand that DNET represents a holding-company structure. Its share price may respond to developments across multiple businesses.

What Are the Risks of DNET Shares?

Investing in DNET also carries several risks.

First, there is holding-company risk. DNET's results can be affected by the performance of its various investments. Weakness in one business could influence consolidated results.

Second, there is consumer-sector risk. Retail, food service, and packaged food businesses depend heavily on household purchasing power. Economic slowdowns can affect consumer spending.

Competition is another concern. Retail companies must continuously compete on pricing, locations, product selection, promotions, and convenience.

There is also liquidity risk. When a large portion of shares is controlled by major shareholders, the free float available to public investors can be relatively limited. This condition can affect trading liquidity.

Therefore, investors should not treat DNET as a direct substitute for buying Indomaret. The investment exposure is indirect and includes other businesses.

Frequently Asked Questions About Indomaret Stock

Is Indomaret Listed on the IDX?

No. PT Indomarco Prismatama, the company operating the Indomaret network, is not separately listed on the Indonesia Stock Exchange.

What Is the Indomaret Stock Code?

Indomaret does not have its own stock code on the IDX. Investors seeking indirect exposure can study DNET, the stock code of PT Indoritel Makmur Internasional Tbk.

How Much of Indomarco Does DNET Own?

Based on the source material, DNET owns approximately 40% of PT Indomarco Prismatama.

Is DNET Only an Indomaret Investment?

No. DNET has investments in several businesses, including Indomarco Prismatama, Fastfood Indonesia, Nippon Indosari Corpindo, and FiberStar.

Conclusion

The question of Indomaret stock requires an understanding of the company's corporate structure. Indomaret itself is not separately listed on the Indonesia Stock Exchange.

Instead, the business operates through PT Indomarco Prismatama. DNET owns around 40% of that company, providing investors with indirect exposure to the Indomaret business.

However, DNET is more than an Indomaret investment. Its portfolio also includes exposure to food service, packaged food, and telecommunications infrastructure.

Because of that structure, investors should evaluate DNET based on its entire business portfolio. Financial results, valuation, ownership, liquidity, competition, and consumer spending trends all deserve attention.

Finally, this article is for informational purposes only and is not an invitation or recommendation to buy or sell any security. Every investment carries risk, including the potential loss of capital. Past performance does not guarantee future results.