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Polibeli Group Ltd

What Do They Do?

Sells goods sourced from local and international suppliers to small and midsize retailers, as well as some large retailers and distributors; also provides digital supply chain services to retailers and suppliers.

How Do They Make Money?

Retailers buy goods, with the sale completed when customers accept delivery; merchants buy brand-operations and sales-promotion services provided over a service period.

revenue
SegmentShareRevenue
Global goods trading
Sold outright

91%
Others
Recurring
8.6%

Who Are Their Customers?

The company sells mainly to small and midsize retailers, and also to large retailers or distributors in some markets; Indonesian retailers can order through the Polibeli App.

Do Revenues Turn Into Profits?

No. It lost $6M in FY2025.

Operating income, FY2025
−29% of revenue
▼ −21% (Loss) vs FY2024 (−$9.6M, −32%)
Net income, FY2025
−23% of revenue
▼ −46% (Loss) vs FY2024 (−$11M, −36%)
Free cash flow, FY2025
−25% of revenue
▲ +15% (Loss) vs FY2024 (−$5.7M, −19%)

How Are They Changing?

Revenue over time
Global goods trading Others
$50M$25M$0

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