Agung Podomoro Land Records Revenue of Rp 3.66 Trillion
The real estate and property company, PT Agung Podomoro Land Tbk., recorded sales and revenue of Rp 3.66 trillion in the first semester of 2026. The revenue for the company, which trades under the stock code APLN, increased by 117 per cent compared to the same period last year, which was recorded at Rp 1.69 trillion.
Corporate Secretary Agung Podomoro Justini Omas stated that this achievement demonstrates that the company’s strategy to maintain business fundamentals amidst various global and domestic economic dynamics is proceeding according to plan. “The performance in the first semester of this year shows that the implementation of our business strategy is moving in the direction we have set,” he said in a written statement on Thursday, 30 July 2026.
According to Justini, this growth gives management confidence to continue maintaining growth momentum until the end of the year. Furthermore, the company’s revenue performance also reported a reversal from a comprehensive loss in the first semester of last year to a comprehensive profit for the current period of Rp 523.5 billion.
Management stated that the performance improvement is in line with increased sales recognition from flagship projects, optimisation of the asset portfolio, and increasingly efficient operational management. As of June 2026, marketing sales were recorded at Rp 603 billion against the 2026 target of Rp 1.4 trillion.
This achievement was driven by sustained strong demand for residential products, particularly landed houses, as well as the company’s mixed-use projects.
Justini also stated that in the first semester, the company reported the sale of Deli Park Mall Medan worth Rp 2.2 trillion to PT DPM Assets Indonesia (DPMAI), through APLN’s subsidiary, PT Sinar Menara Deli (SMD).
According to him, this sale is part of the Company’s strategy to optimise and rebalance its asset portfolio, allowing the Company to focus on the development and management of assets that contribute highly to long-term performance.
“Monetising high-value assets is proof that APLN is capable of building high value within its assets. As a property company, Agung Podomoro will certainly continue to build and develop new projects that provide sustainable value and positive economic impact,” said Justini.
Agung Podomoro’s performance improvement is also reflected in the continuous decrease in the company’s total liabilities. In the first semester of 2026, the company’s liabilities or debt burden was recorded at Rp 10.37 trillion, lower than the position at the end of 2025, which was Rp 11.28 trillion.
Over the last 2.5 years, the company has aggressively continued to reduce its debt burden. For instance, at the end of 2023, the Company’s total liabilities were still recorded at Rp 14.87 trillion. This means that over 2.5 years, Agung Podomoro has been able to repay debts amounting to Rp 4.50 trillion.
As of the end of June 2026, the cash and cash equivalent position increased to Rp 1.13 trillion, while cash flow from operating activities reached Rp 1.51 trillion. “We continue to focus on developing projects with high demand, accelerating project completion, and managing assets optimally to create added value while maintaining the profitability and financial health of the company,” said Justini.