{
    "success": true,
    "data": {
        "id": 1736773,
        "msgid": "wikas-strategy-to-address-the-decline-in-the-construction-industry-sector-1778662554",
        "date": "2026-05-13 15:00:00",
        "title": "WIKA's Strategy to Address the Decline in the Construction Industry Sector",
        "author": "Hilda B Alexander",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Business",
        "summary": "PT Wijaya Karya (WIKA) is implementing a focused strategy on strengthening capital structure, optimising liability management, accelerating collections, and controlling expenses amid a national construction market downturn affecting new contracts, sales, and cash inflows. The company reported improvements including a gross profit margin increase to 8.5% in 2025, reductions in trade debt and interest-bearing debt, and new contracts worth Rp 17.46 trillion, while selectively divesting non-core assets to ensure financial stability. At the 2025 Annual General Meeting of Shareholders, WIKA also approved changes to its board composition and confirmed the utilisation of funds from a rights issue and state capital injection.",
        "content": "<p>JAKARTA, KOMPAS.com - The national construction market is\nexperiencing a downturn. This condition is impacting the acquisition of\nnew contracts, sales, and cash receipts for companies operating in the\nconstruction sector.<\/p>\n<p>In response to this, PT Wijaya Karya (Persero) Tbk (WIKA) is focusing\nits strategy on strengthening capital structure, optimising liability\nmanagement, accelerating collections, and controlling expenses through\nthe principles of cash focused, lean, and fit for future.<\/p>\n<p>This was conveyed during the Annual General Meeting of Shareholders\n(AGMS) for the 2025 Fiscal Year, held at WIKA Tower 2, East Jakarta, on\nMonday (11\/05\/2026).<\/p>\n<p>These steps are aimed at maintaining financial stability and cash\nflow as the foundation for sustainable performance. Selective\ndivestments are being carried out on non-core assets that have the\npotential to add value to the company.<\/p>\n<p>Amid the recovery process, WIKA recorded an increase in gross profit\nmargin (GPM) from 7.9 percent in 2024 to 8.5 percent in 2025.<\/p>\n<p>In addition, the company succeeded in reducing trade debt by Rp 1.79\ntrillion and interest-bearing debt by Rp 2.08 trillion. The company\u2019s\nreceivables also decreased by Rp 1.89 trillion to Rp 4.58 trillion.<\/p>\n<p>Throughout the 2025 fiscal year, WIKA booked new contracts worth Rp\n17.46 trillion and contracts on hand amounting to Rp 50.55 trillion.<\/p>\n<p>Meanwhile, the company\u2019s sales were recorded at Rp 20.44 trillion\nwith total assets reaching Rp 50.15 trillion.<\/p>\n<p>Furthermore, the company reported the realisation of the use of funds\nfrom the Public Offering through Additional Capital with Pre-emptive\nRights II (PMHMETD II) and additional State Capital Injection (PMN) up\nto the 2025 Fiscal Year.<\/p>\n<p>From the total PMHMETD II funds of Rp 6.08 trillion, the company has\nrealised the use of funds amounting to Rp 5.7 trillion in accordance\nwith the prospectus.<\/p>\n<p>The AGMS also approved changes to the company\u2019s management structure.\nThe following is the approved composition of the Board of Commissioners\nand Board of Directors of WIKA at the 2025 Fiscal Year AGMS:<\/p>\n<p>Board of Commissioners:<\/p>\n<p>Board of Directors:<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/wikas-strategy-to-address-the-decline-in-the-construction-industry-sector-1778662554",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}