印尼上市零售和电子商务集团全球数字尼亚加（Global Digital Niaga）拥有Blibli、Tikem、Ranch Market和Dekoruma，其2026年第三季度经营亏损同比收窄46%，降至2900亿印尼盾（1600万美元）。收入增长和更严格的成本管理帮助其各业务板块减少亏损。
Global Digital Niaga, the Indonesia-listed retail and e-commerce group that owns Blibli, Tikem, Ranch Market, and Dekoruma, narrowed its operating loss by 46% year-on-year to 290 billion rupiah ($16 million) in the third quarter of 2026. Revenue growth and tighter cost management helped reduce losses across its business.
在7月至9月期间，其息税折旧及摊销前亏损（EBITDA亏损）也减半以上，降至2180亿印尼盾（1200万美元），而去年同期为4630亿印尼盾（2540万美元）；收入增长31%，达到7.41万亿印尼盾（4.08亿美元），环比增长6%。
Its EBITDA loss also more than halved to 218 billion rupiah ($12 million) during the July-September quarter, from 463 billion rupiah ($25.4 million) a year earlier, while revenue climbed 31% to 7.41 trillion rupiah ($408 million), or 6% quarter-on-quarter.
2026年前九个月，Blibli的净亏损收窄40%，降至1.12万亿印尼盾（6200万美元），而去年同期为1.86万亿印尼盾（1.024亿美元），收入同比增长46%，达到22.24万亿印尼盾（12.2亿美元）。
For the first nine months of 2026, Blibli’s net loss narrowed 40% to 1.12 trillion rupiah ($62 million) from 1.86 trillion rupiah ($102.4 million) in the same period last year, alongside a 46% increase in revenue to 22.24 trillion rupiah ($1.22 billion).
第三季度，公司毛利增长25%，达到1.14万亿印尼盾，而去年同期为9060亿印尼盾。经营开支基本持平，为1.46万亿印尼盾。
The company’s gross profit rose 25% to 1.14 trillion rupiah in Q3, compared with 906 billion rupiah a year earlier. Operating expenses remained broadly flat at 1.46 trillion rupiah.
前九个月，毛利增长29%，达到3.46万亿印尼盾，经营亏损收窄53%，降至7830亿印尼盾，而去年同期为1.68万亿印尼盾。EBITDA亏损下降61%，降至5660亿印尼盾，而2025年前九个月为1.46万亿印尼盾。
In the nine months, gross profit increased 29% to 3.46 trillion rupiah, while operating loss narrowed 53% to 783 billion rupiah from 1.68 trillion rupiah. EBITDA loss fell 61% to 566 billion rupiah from 1.46 trillion rupiah in 9M 2025.
Blibli将改善归功于各业务板块贡献增强，尤其是第一方零售、机构电商和实体店，以及更高效的成本结构。
Blibli attributed the improvement to stronger contributions across its business segments, particularly first-party retail, institutional commerce and physical stores, alongside a more efficient cost structure.
“2026年前九个月进一步证明了我们一体化全渠道生态系统的韧性，以及我们在执行长期总体规划方面的一致性，”Blibli总裁兼联合创始人库苏莫·马尔塔诺（Kusumo Martanto）表示。
“The first nine months of 2026 further demonstrated the resilience of our integrated omnichannel ecosystem and the consistency of our execution against our long-term masterplan,” said Kusumo Martanto, president director and co-founder of Blibli.
“在消费者支出选择性和市场竞争激烈的背景下，我们继续实现增长，同时提升盈利能力和运营效率。这一进展反映了我们对高质量增长、纪律性投资和持续改进的关注，而非不惜一切代价的增长，”他补充道。
“Amid selective consumer spending and intense market competition, we continued to deliver growth while improving profitability and operating efficiency. This progress reflects our focus on high-quality growth, disciplined investment and continuous improvement, rather than growth at any cost,” he added.
机构商业是该公司增长最快的业务板块，2026年前三季度收入同比增长70%，达到99.2万亿印尼盾。该板块的折扣前毛利（GPBD）增长53%，达到9940亿印尼盾，得益于消费电子和家电类别的区域扩张。
Institutional commerce was the company’s fastest-growing business segment, with revenue increasing 70% year-on-year to 9.92 trillion rupiah in 9M 2026. The segment’s gross profit before discount (GPBD) rose 53% to 994 billion rupiah, supported by regional expansion in consumer electronics and home appliance categories.
Blibli的机构板块服务约9.3万家机构客户，变现率从2025年前三季度的59%持续增长至2026年前三季度的74%。
Blibli’s institutions segment served approximately 93,000 institutional clients, with continuous growth in the monetisation rate from 59% in 9M 2025 to 74% in 9M 2026.
实体店收入增长37%，达到6630亿印尼盾，而包括电商Blibli和Dekoruma在内的自营零售收入增长29%，达到4500亿印尼盾。
Revenue from physical stores grew 37% to 6.63 trillion rupiah, while first-party retail revenue, including e-commerce Blibli and Dekoruma, rose 29% to 4.50 trillion rupiah.
与此同时，包括市场交易和Tikem在内的第三方零售收入增长9%，达到1200亿印尼盾。
Meanwhile, third-party retail revenue, which includes marketplace transactions and Tikem, rose 9% to 1.2 trillion rupiah.
该公司还继续优化其成本结构。合并营业费用占总处理价值（TPV）的比例从去年同期的7.2%下降至2026年前三季度的6.4%。其息税折旧摊销前利润（EBITDA）与TPV的比率从负2.4%改善至负0.8%，提升了160个基点。
The company also continued to improve its cost structure. Consolidated operating expenses as a proportion of total processing value (TPV) declined to 6.4% in 9M 2026 from 7.2% a year earlier. Its EBITDA-to-TPV ratio improved to negative 0.8% from negative 2.4%, representing a 160-basis-point improvement.
“2026年前九个月的财务表现反映了收入结构改善和纪律性成本管理带来的益处，”Blibli首席财务官罗纳德·温纳迪（Ronald Winardi）表示。
“Our financial performance in the first nine months of 2026 reflected the benefits of revenue mix improvement and disciplined cost management,” said Ronald Winardi, Blibli’s chief financial officer.
“我们的顶线收入同比增长46%，得益于所有业务板块的增长。费率扩张至9.1%，EBITDA表现提升160个基点，进一步证明了在增长质量和运营效率方面取得的进展，”他补充道。
“Our top line grew 46% year-on-year, supported by the growth across all business segments. Take rate expansion to 9.1% and a 160bps improvement in EBITDA performance further demonstrated progress in growth quality and operating efficiency,” he added.
Blibli的费率在2026年第三季度达到9.3%，而去年同期为8%。前九个月期间，费率为9.1%，较8.4%有所上升。
Blibli’s take rate reached 9.3% in Q3 2026, compared with 8% a year earlier. For the nine-month period, it stood at 9.1%, up from 8.4%.
Blibli也继续扩大其实体零售版图，第三季度新增31家门店。截至2026年9月，其运营347家消费电子产品门店、24家家用电器门店、一家时尚与运动商店，以及60家高端超市门店。
Blibli also continued expanding its physical retail footprint, adding 31 stores during the third quarter. As of September 2026, it operated 347 consumer electronics stores, 24 home appliance electronics stores, one fashion and sports store, and 60 premium supermarket outlets.
该公司重申2026年全年目标，即实现合并营收增长15%至20%，管理层将继续专注于改善利润率和构建更高效的成本结构。
The company reiterated its full-year 2026 target of achieving 15%-20% growth in consolidated revenue, with management maintaining its focus on margin improvement and a more efficient cost structure.
展望未来，Blibli预计市场竞争将持续到2026年底，消费支出将逐步恢复。公司计划通过品类扩张、加强品牌与机构合作伙伴关系以及抓住季节性机遇，推动更高质量的增长，同时保持成本纪律，并扩大技术应用以提升运营效率，支持其走向可持续盈利的道路。
Looking ahead, Blibli expects market conditions to remain competitive through the end of 2026, with consumer spending recovering gradually. The company plans to drive higher-quality growth through category expansion, stronger brand and institutional partnerships, and seasonal opportunities, while maintaining cost discipline and expanding its use of technology to improve operational efficiency and support its path towards sustainable profitability.
截至2026年9月30日，Blibli持有现金及现金等价物1.37万亿印尼盾，较2025年12月底的1.54万亿印尼盾下降11%。
As of September 30, 2026, Blibli had cash and cash equivalents of 1.37 trillion rupiah, down 11% from 1.54 trillion rupiah at the end of December 2025.