Adhi Karya Streamlines All Subsidiaries

PT Adhi Karya (Persero) Tbk (ADHI) is cutting all of its subsidiaries. This step aligns with the streamlining programme of BP BUMN in conjunction with BPI Danantara, intended to ensure that state-owned enterprises can operate more efficiently.

The reduction of ADHI’s 18 business entities will be carried out in stages.

The Head of BP BUMN and COO of Danantara, Dony Oskaria, has met with the management team. During the meeting, he emphasised the importance of returning ADHI to its core business as a professional contracting company, with work quality as one of the primary priorities.

“My hope is that the result of all the processes we undertake will make Adhi healthy, allowing us to focus solely on being a contractor with high quality,” said Dely, quoting the official BP BUMN Instagram account on Friday (4/9/2026).

In line with these efforts, Dony asserted that the simplification of the business structure and the cessation of new subsidiary formations must be implemented, as they can lead to unhealthy financial performance.

“We see that every time a new subsidiary is created, problems arise. Therefore, we must stop; there should be no more new subsidiaries,” he stated.

The completion of the financial restructuring is targeted for September 2026. This effort is a vital part of strengthening the company’s foundation and supporting ADHI’s future business sustainability.

Furthermore, Dony and ADHI management also discussed cases involving its subsidiaries in the property sector, including PT Adhi Commuter Properti Tbk. This entity will undergo a thorough due diligence process. The results of this due diligence will serve as the basis for determining the best course of action regarding its business and assets.

“With a simpler business structure, a focus on core business, and increasingly healthy financial conditions, ADHI is expected to be able to strengthen its competitiveness and create high-quality, sustainable growth,” he concluded.