PT Waskita Karya (Persero) Tbk held a Meeting of Bondholders (RUPO)\non Thursday (3\/9\/2026). During the meeting, bondholders approved all\nproposals regarding the restructuring of Bond III Stage IV of 2019,\nincluding the extension of tenors.<\/p>\n
With the approval of the RUPO results, the likelihood of lifting the\nsuspension on Waskita\u2019s shares has increased. The company, listed under\nthe ticker WSKT, has committed to meeting its obligations in accordance\nwith regulations.<\/p>\n
Waskita Karya\u2019s Finance Director, Wiwi Supriandum, stated that the\ncompany will continue to strengthen its financial structure by\nprioritising transparency and good corporate governance. Previously,\nWaskita also implemented a Master Restructuring Agreement (MRA) agreed\nupon by 21 banks.<\/p>\n
Since late 2023, the company has successfully reduced its debt by\n20.8%, bringing the total value down to Rp66.5 trillion from\napproximately Rp84 trillion. Waskita has also successfully reduced\npast-due vendor debt recorded in 2022 by 97.1% over approximately four\nyears, from Rp2.13 trillion to just Rp48 billion as of the first\nsemester of 2026. This figure demonstrates the company\u2019s seriousness in\nfulfilling its obligations to business partners.<\/p>\n
\u201cWe will remain consistent in meeting our remaining obligations. This\nstep is both a responsibility and support for the partners who have\nhelped us complete various infrastructure projects,\u201d Wiwi said in an\nofficial statement on Friday (4\/9\/2026).<\/p>\n
Past-due tax obligations have also been 100% settled. Consequently,\nas of 2024, Waskita Karya no longer has past-due tax debts, thereby\nincreasing the confidence of stakeholders.<\/p>\n
In terms of financial performance, Waskita recorded operating revenue\nof Rp4.92 trillion year-on-year (yoy) in the first semester of this\nyear. This value surged by 58.49% from the same period in 2025, which\nwas only Rp3.1 trillion.<\/p>\n
\u201cThe increase in revenue was driven by production from the Sekolah\nRakyat (SR) projects and irrigation networks from the Ministry of Public\nWorks (PU). This achievement proves that financial restructuring is\nprogressing alongside improvements in operational performance,\u201d she\nexplained.<\/p>\n
Amid the ongoing performance improvement process, Waskita continues\nto be trusted to execute several strategic projects. In addition to SR\nand irrigation networks, these include dams, hospitals, Jakarta LRT\nPhase 1B, and the Presidente Nicolau Lobato International Airport in\nTimor-Leste.<\/p>\n
Wiwi mentioned that the New Contract Value (NKB) collected up to June\n2026 exceeded Rp5.1 trillion. This acquisition was dominated by\nconnectivity works at 45.6%, followed by water infrastructure at\n21.7%.<\/p>\n
\u201cWe are selective in choosing projects to undertake as part of our\nrisk management. Waskita Karya avoids turnkey or investment projects,\nfocusing instead on projects with monthly payment schemes and down\npayments,\u201d she said.<\/p>\n
Looking ahead, Wiwi continued, Waskita Karya remains focused on\nrecovering core operational activities by returning to its core business\nas a pure contractor. The company also continues to communicate with\nDaya Anagata Nusantara (Danantara) as the state investment manager.<\/p>\n
\u201cThe presence of Danantara provides a new perspective for Waskita\u2019s\nrecovery and growth, including the optimisation of toll assets and\nsupporting the consolidation roadmap for State-Owned Construction\nEnterprises,\u201d she said.<\/p>\n
Wiwi emphasised that Waskita Karya is optimistic that all strategic\nsteps taken can strengthen the company\u2019s sustainable performance and\ncompetitiveness, allowing it to play a larger role in the national\neconomy.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rupo-approved-waskita-karya-completes-debt-restructuring-1788497762", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }