CBDK Optimistic on Strengthening Integrated Business Ecosystem at PIK2

PT Bangun Kosambi Sukses Tbk (CBDK), a real estate developer in the PIK2 area of Tangerang, Banten, has announced a strong financial performance for the first quarter of 2026. During the 2026 Public Expose Live organised by the Indonesia Stock Exchange (IDX), the company reported a significant surge in net profit and the strengthening of a sustainable business ecosystem in the area. In the first quarter of this year, CBDK posted revenue of Rp743 billion, reflecting a 74% growth compared to the same period the previous year. Notable growth was also seen in net profit attributable to the parent entity, which rocketed 317% year-on-year to reach Rp542 billion. Management disclosed that sales of commercial land plots were the main revenue driver, amidst increasing business and investment activity in the CBD PIK2 area. Additionally, commercial and residential lines such as SOHO Manhattan, SOHO Wallstreet, Bizpark PIK2, Rukan Milenial, Rukan Asia Afrika, Rumah Milenial, and Permata Hijau Residence also supported this growth. As part of its long-term strategy, the subsidiary of PT Pantai Indah Kapuk Dua Tbk (PANI) continues to diversify revenue by strengthening its recurring income portion. One strategic step is the operation of Nusantara International Convention Exhibition (NICE), a MICE centre with a capacity of 100,000 visitors which has secured dozens of national and international event agendas throughout 2026. President Director of CBDK, Steven Kusumo, stated that the company’s focus is not only on monetising commercial land plots, but also on strengthening the foundation of recurring income through strategic assets like NICE and Hilton Hotel Jakarta PIK2, expressing optimism about expanding long-term business growth sources. As of 31 March 2026, CBDK maintained a healthy financial profile with total assets reaching Rp22.4 trillion and a cash position of around Rp2.7 trillion. With a strategic land bank of 694 hectares, this conservative capital structure provides strong flexibility for the company to capture future growth opportunities. The results of the Annual General Meeting of Shareholders on 4 June 2026 approved the distribution of a cash dividend for the 2025 financial year of Rp5 per share, totalling approximately Rp28.3 billion. This step was accompanied by a corporate action in the form of a share buyback programme from 20 May to 19 August 2026, with a maximum internal fund allocation of Rp250 billion to maintain the stability of the company’s share price.