{
    "success": true,
    "data": {
        "id": 1654474,
        "msgid": "wika-reduces-debt-by-rp3-87-trillion-throughout-2025-1775268595",
        "date": "2026-04-03 21:09:21",
        "title": "WIKA Reduces Debt by Rp3.87 Trillion Throughout 2025",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "PT Wijaya Karya (WIKA), a state-owned enterprise, has continued its financial transformation efforts, securing new contracts worth Rp17.46 trillion in 2025, contributing to a total backlog of Rp50.52 trillion and boosting sales to Rp20.45 trillion with an improved gross profit margin of 8.5%. The company achieved operational excellence with a positive EBITDA of Rp426.52 billion and significantly reduced trade debt by Rp1.79 trillion (29.5%) and interest-bearing debt by Rp2.08 trillion (5.9%), totalling a Rp3.87 trillion debt reduction. This restructuring, part of an eight-stream financial health initiative, underscores WIKA's commitment to sustainability amid industry pressures, including accelerated receivables collection that lowered outstanding receivables by Rp1.89 trillion (29.2%).",
        "content": "<p>PT Wijaya Karya (Persero) Tbk (WIKA) continues to implement its\ntransformation and financial health initiatives consistently. Throughout\n2025, the company recorded new contracts worth Rp17.46 trillion,\ncontributing to a total ongoing contracts value of Rp50.52 trillion.<\/p>\n<p>From these ongoing contracts, the company posted sales of Rp20.45\ntrillion, comprising non-Joint Operation (KSO) sales of Rp13.33 trillion\nand KSO sales of Rp7.12 trillion, resulting in a gross profit of Rp1.13\ntrillion. The company\u2019s Gross Profit Margin (GPM) improved from 7.9% in\n2024 to 8.5% in 2025.<\/p>\n<p>This margin increase primarily stems from the company\u2019s core\nbusinesses in infrastructure and buildings, as well as EPCC. WIKA\u2019s\noperational strengths and project management are demonstrated by a\npositive operational EBITDA of Rp426.52 billion.<\/p>\n<p>WIKA\u2019s Corporate Secretary, Ngatemin (Emin), stated that the company\nis continuously working to enhance operational performance and improve\nits capital structure.<\/p>\n<p>\u201cThe enhancement of operational performance and consistent capital\nstructure improvements through eight financial health streams form a\ncrucial foundation for maintaining the company\u2019s competitiveness and\nsustainability. This year, the company will continue to pursue\ncomprehensive restructuring to reduce the financial burden from executed\nassignments and divest non-profitable assets,\u201d said Emin in an official\nstatement on Friday (3\/4\/2026).<\/p>\n<p>This reflects improving operational performance (operational\nexcellence) amid the ongoing restructuring process. On the financial\nside, the company is also realising efforts to improve its financial\nstructure, recording a reduction in trade debt of Rp1.79 trillion and\ninterest-bearing debt of Rp2.08 trillion, or decreases of 29.5% and 5.9%\nrespectively compared to the previous year.<\/p>\n<p>This condition demonstrates the company\u2019s capability in superior and\nsustainable project management, as well as its commitment to\ncontinuously reducing liabilities and maintaining cash flow balance amid\nindustry pressures. In addition to pursuing operational excellence and\ncapital structure improvements, through its eight financial health\nstreams, the company is also accelerating receivables resolution via\nlegal mediation and collection efforts.<\/p>\n<p>This is evidenced by the company\u2019s success in reducing receivables by\nRp1.89 trillion, or 29.2%, to Rp4.58 trillion, and work-in-progress\nconstruction value by Rp1.15 trillion, or 34.6%, in 2025.<\/p>\n<p>Furthermore, Emin conveyed that the company believes its\ntransformation steps require support from various parties, including\nshareholders, creditors, business partners, and all other stakeholders.\nTo this end, the company will continue intensive communication with the\nmajority shareholder to obtain necessary support, as well as with all\ncreditors to back the company\u2019s health plan.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/wika-reduces-debt-by-rp3-87-trillion-throughout-2025-1775268595",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}