CBDK Optimistic on Strengthening Integrated Business Ecosystem at PIK2
PT Bangun Kosambi Sukses Tbk (“CBDK”), a real estate developer operating in the PIK2 area, Tangerang, Banten, has presented strong financial performance results for the first quarter of 2026. During the Public Expose Live 2026 event organised by the Indonesia Stock Exchange (IDX), the company reported a significant surge in net profit and the strengthening of a sustainable business ecosystem within the region.
In the first quarter of this year, CBDK successfully recorded revenue of Rp743 billion, reflecting a 74% growth compared to the same period in the previous year. A striking growth was also observed in net profit attributable to the parent entity, which soared by 317% year-on-year to reach Rp542 billion.
Management revealed that the sale of commercial land plots has been the primary driver of the company’s revenue, following increased business activity and investment in the CBD PIK2 area. Additionally, commercial and residential lines, including SOHO Manhattan, SOHO Wallstreet, Bizpark PIK2, Rukan Milenial, Rukan Asia Afrika, Rumah Milenial, and Permata Hijau Residence, have also supported this growth.
As part of its long-term strategy, the subsidiary of PT Pantai Indah Kapuk Dua Tbk (“PANI”) continues to diversify its revenue by strengthening its recurring income portion. One of its strategic moves is the operation of the Nusantara International Convention Exhibition (“NICE”), an MICE centre with a capacity of 100,000 visitors, which has already secured dozens of national and international event agendas throughout 2026.
“Our focus is not only on monetising commercial land plots but also on strengthening the foundation of recurring income through strategic assets such as NICE and the Hilton Jakarta PIK2 Hotel,” said the President Director of CBDK, Steven Kusumo, while adding optimism regarding the expansion of 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 approximately Rp2.7 trillion.
Equipped with a strategic land bank of 694 hectares, this conservative capital structure provides strong flexibility for the company to capture future growth opportunities.
On another note, the results of the Annual General Meeting of Shareholders (“AGMS”) on 4 June 2026 approved a cash dividend distribution for the 2025 fiscal year of Rp5 per share, totalling approximately Rp28.3 billion. This move is 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.