{
    "success": true,
    "data": {
        "id": 1703642,
        "msgid": "krakatau-steel-records-net-profit-of-rp-79-2-billion-in-q1-2026-1777287305",
        "date": "2026-04-27 16:40:00",
        "title": "Krakatau Steel Records Net Profit of Rp 79.2 Billion in Q1 2026",
        "author": "Erlangga Djumena",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Business",
        "summary": "PT Krakatau Steel (Persero) Tbk reported a net profit of US$4.6 million, equivalent to Rp 79.2 billion, in the first quarter of 2026, continuing a positive performance trend from the previous year after exiting losses incurred in 2024. The company's CEO, Muhammad Akbar Djohan, attributed this improvement to a substantial capital injection of approximately Rp 5 trillion from Danantara at the end of 2025, primarily used for purchasing raw materials to enhance competitiveness. This fundamental turnaround underscores efforts to sustain long-term financial health rather than temporary gains.",
        "content": "<p>JAKARTA, KOMPAS.com - PT Krakatau Steel (Persero) Tbk (KRAS) recorded\na net profit of US$4.6 million, equivalent to Rp 79.2 billion (assuming\nan exchange rate of Rp 17,216 per US dollar), in the first quarter of\n2026.<\/p>\n<p>Krakatau Steel\u2019s President Director, Muhammad Akbar Djohan, stated\nthat this achievement continues the company\u2019s positive performance trend\nfrom the previous year.<\/p>\n<p>However, the Q1 2026 financial report has not yet been officially\nreleased.<\/p>\n<p>\u201cAlhamdulillah, in Q1 we managed to close with a net profit of\napproximately US$4.6 million,\u201d he said during a media briefing in\nJakarta on Monday (27\/4\/2026).<\/p>\n<p>According to him, the company is striving to maintain this\nperformance on a sustainable basis, rather than just a temporary\nimprovement.<\/p>\n<p>\u201cWe continued the financial performance in Q1 because we do not want\nlast year\u2019s financial report to be merely cosmetic. We want fundamental\nimprovements,\u201d he said.<\/p>\n<p>The performance in 2025 also enabled the company to emerge from\nlosses, as in 2024 Krakatau Steel still recorded a loss of US$154.71\nmillion, equivalent to Rp 2.5 trillion (exchange rate of Rp 16,157 per\nUS dollar as of 31 December 2024).<\/p>\n<p>Furthermore, Akbar explained that the improvement in Krakatau Steel\u2019s\nperformance is inseparable from the additional capital obtained from\nDanantara at the end of 2025.<\/p>\n<p>The value of the capital injection amounted to US$295 million or\napproximately Rp 4.9 trillion.<\/p>\n<p>Those funds were mostly used for working capital, particularly the\npurchase of raw materials, which had previously been the company\u2019s main\nconstraint.<\/p>\n<p>\u201cDanantara helped inject capital to us in December of about Rp 5\ntrillion, and that was dedicated to buying raw materials. That was one\nreason we couldn\u2019t compete, because we lacked the ability to purchase\nraw materials, and the banking sector had not yet provided those\nfacilities,\u201d he explained.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/krakatau-steel-records-net-profit-of-rp-79-2-billion-in-q1-2026-1777287305",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}