Achieves 9.1% Operating Margin and WIKA's Debt Declines 7.4% in Q1 2026
Jakarta, CNBC Indonesia - The transformation efforts intensified by PT Wijaya Karya (Persero) Tbk (WIKA) in Q1 2026 have yielded results in its core operations, which are becoming increasingly excellent and efficient. This is reflected in the improvement of the core operating margin and superior financial fundamentals, as well as the achievement of new contracts that increased compared to the same period last year.
The company successfully recorded new contract acquisitions of Rp2.53 trillion in Q1 2026, a 17.2% growth compared to the same period last year. This achievement adds to the company’s outstanding contracts position, reaching Rp33.89 trillion. This indicates that, despite being in a challenging construction market and global dynamics uncertainties, there are positive signs of the national infrastructure sector starting to recover.
At the same time, WIKA recorded total sales of Rp3.90 trillion, sourced from non-Joint Operation (KSO) projects at Rp2.60 trillion and KSO projects at Rp1.30 trillion. The main contribution to sales is still dominated by the infrastructure and building segment, construction support industry, as well as energy and industrial plant.
The consistent focus on transformation has successfully led the company to record an increase in operating margin. In detail, the company’s gross profit margin in Q1 2026 increased to 9.1% from 7.4% in the same period last year.
This has resulted in the company’s gross profit and operational EBITDA up to March 2026 being recorded to increase by 3% and 10.3% respectively, to Rp238.36 billion and Rp104.9 billion. The consistency of transformation and efficiency has also contributed to a 10.5% annual reduction in operating expenses.
From the balance sheet perspective, the company has consistently endeavoured to reduce debt by Rp2.97 trillion or 7.4%, consisting of a reduction in working partner debt by Rp2.01 trillion (down 33.4%), and a reduction in interest-bearing debt by Rp959.72 billion or 2.8% compared to Q1 2025. This shows the company’s commitment to continuously fulfilling obligations to working partners and creditors.
WIKA’s President Director, Agung Budi Waskito (BW), stated that this achievement signifies the importance of consistent transformation efforts and strengthening the company’s fundamentals.
“The increase in margins and efficiency is proof that the transformation steps being implemented are starting to yield positive results. The company will continue to focus on strengthening operational fundamentals and financial discipline to drive healthier and more sustainable performance,” said Agung BW in his statement on Thursday (30/4/2026).
In the future, WIKA is committed to continuing the strategy of selective project selection, strengthening governance and cash flow management, as well as implementing increasingly excellent projects, to maintain business sustainability and create added value for all stakeholders.