Adhi Karya Conducts Fundamental Business Review to Strengthen Performance

PT Adhi Karya (Persero) Tbk (ADHI) is conducting a fundamental business review to strengthen the company’s performance quality. This step is part of the state-owned construction enterprises recovery programme.

The company is carrying out a comprehensive overhaul of asset quality and provisioning across all business lines. This effort aims to ensure that financial reports more accurately reflect the actual and prudent business conditions.

“We are taking this step so that the company’s financial reports truly reflect more factual, actual, and prudent business conditions. This is not merely an adjustment of figures, but a more solid foundation for the company to move forward,” said Corporate Secretary of PT Adhi Karya (Persero) Tbk, Rozy Sparta, on Tuesday (14/4/2026).

Amid this process, operational performance remains maintained. ADHI recorded a positive EBITDA of Rp763.8 billion, indicating the ability to generate cash flow from business activities.

Rozy emphasised that the balance sheet overhaul is one manifestation of the commitment to transparency and good corporate governance. This step also serves as a foundation for sustainable growth.

To strengthen liquidity, ADHI is prioritising the collection of receivables from strategic projects. Projects such as the LRT Jabodebek and the Aceh-Sigli Toll Road are expected to drive the company’s cash flow.

“The realisation of receivables from the LRT Jabodebek and Aceh-Sigli Toll Road is expected to provide direct and significant contributions to improving the company’s cash flow,” said Rozy.

On the other hand, ADHI is also preparing a pipeline of new projects in the infrastructure sector. Some projects that are the focus include PUSRI III-B, Coal Handling ICB PTBA, and PL TMG Tobelo.

The company is also involved in environmental management projects in the Medan industrial area. This step is one of the efforts to strengthen a sustainability-based portfolio.

Going forward, ADHI will strengthen its core construction business and carry out business process innovations. The company is also opening opportunities for divestments to streamline operations.

“All these steps are in line with the principles of good corporate governance and the company’s sustainable business transformation programme,” he said.