Indonesian Political, Business & Finance News

Adhi Karya Secures New Contracts Worth Rp4.72 Trillion in Q1 2026

| | Source: REPUBLIKA Translated from Indonesian | Infrastructure
Adhi Karya Secures New Contracts Worth Rp4.72 Trillion in Q1 2026
Image: REPUBLIKA

PT Adhi Karya (Persero) Tbk recorded new contracts worth Rp4.72 trillion up to March 2026. This achievement represents a 131.5% annual growth and reflects the acceleration of performance at the beginning of the year.

ADHI Corporate Secretary Rozi Sparta stated that the company is focused on strengthening its core construction business while maintaining operational quality. “ADHI is committed to strengthening business fundamentals through improvements in operational quality, efficiency, and good corporate governance,” said Rozi on Tuesday (21/4/2026).

Rozi explained that the new contracts are dominated by government projects at 76%, followed by SOEs at 22% and private sector at 2%. In terms of business lines, the engineering and construction sector is the main contributor with a 95% share.

The remaining contribution comes from property, manufacturing, as well as investment and concession businesses. This composition indicates a high dependence on construction projects as the main engine of growth.

Of the total contracts, approximately Rp4 trillion comes from non-joint operation projects, while Rp183 billion from joint operation schemes. This structure reflects a combination of strengthening internal capacity and project collaboration.

Some of the projects secured include emergency handling in Aceh and North Sumatra, the Cimanuk River and Dyke Improvement project in Indramayu, the construction of West Muna District General Hospital, the Sigli–Seulimeum Toll Section 1 Padang Tiji, as well as the Pattimura on/off ramp for the Semarang–Solo Toll Road.

Rozi emphasised that the company will maintain healthier and more measured growth going forward. “We are optimistic about sustaining growth while supporting national infrastructure development,” he said.

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