ADHI Records Revenue of Rp 1.7 Trillion in the First Quarter of 2026
PT Adhi Karya (Persero) Tbk, or ADHI, recorded business revenue of Rp 1.7 trillion in the first quarter of 2026.
The company’s revenue came from contributions from Joint Operation (JO) amounting to Rp 1.2 trillion and Non-Joint Operation (NJO) amounting to Rp 1.7 trillion. Thus, the total production up to the first quarter of 2026 is valued at Rp 2.9 trillion.
In a press release on Thursday (30/4/2026), ADHI explained that the largest revenue contribution came from infrastructure projects, such as the Jogja Bawen Toll Road Package 1 project, the Solo Jogja Toll Road 1.1 project, and the EPCC Jetty Propylene project.
This aligns with ADHI’s acquisition of new contracts in the first quarter of 2026 amounting to Rp 4.72 trillion up to the first quarter of 2026.
This achievement grew by 131.5 per cent year-on-year (YoY) compared to the same period in the previous year. This reflects the company’s solid performance and consistent maintenance of positive growth trends at the beginning of the year.
At the bottom line level, the company recorded a net profit of Rp 154 billion, a significant increase compared to the same period in the previous year, which was Rp 317 million.
This shows the recovery of ADHI’s performance, which has returned to positive in the first quarter of 2026, from the results of the fundamental business review conducted in the audited financial statements for the 2025 fiscal year.
Up to the first quarter of 2026, the company’s total assets were recorded at Rp 28.1 trillion, while total liabilities were recorded at Rp 24.7 trillion and equity at Rp 3.5 trillion.
The Debt to Equity Ratio (DER) based on Interest Bearing Debt was recorded at 2.4 times, the EBITDA to Interest (TIE) ratio was recorded at 2.55 times, and the Current Ratio was recorded at 1.01 times.
All these ratios have met ADHI’s bond covenants, indicating ADHI’s commitment to maintaining trust with bondholders and other investors.
Amid challenging construction industry conditions, the company remains focused on strengthening business fundamentals through the implementation of operational excellence, disciplined cash flow management, and selectivity in acquiring new projects.
The company also continues to promote projects with healthy payment profiles and margins as part of efforts to maintain long-term business sustainability.