Hajj and Umrah Travel Issuer HAJJ Records Revenue of Rp 287 Billion, Supported by Hotel Segment

JAKARTA, KOMPAS.com – The Hajj and Umrah travel issuer PT Arsy Buana Travelindo Tbk (HAJJ) recorded an improvement in earnings quality for the first quarter of 2026. HAJJ’s financial performance was supported by margin expansion and strong contributions from the hotel segment amid a revenue rhythm adjusting to early-year contract execution. Based on the performance report for the first three months of 2026, the company booked revenue of Rp 287.64 billion. This achievement is said to align with the measured pace of contract execution typical at the start of the financial year. The gross profit margin also increased from 12.62% to 22.18%. Margin improvements were also evident at the operational level. The EBT margin rose from 9.77% to 10.37%, while the EBITDA margin increased from 11.67% to 12.11%. The President Director of PT Arsy Buana Travelindo Tbk, Saipul Bahri, stated that this achievement reflects the success of the company’s strategy in improving earnings quality amid increasingly tight competition in the religious travel industry. The main contributor to HAJJ’s revenue still comes from the hotel segment, which contributed 88.37% of total revenue in the first quarter of 2026. This dominance reinforces the company’s position in hotel allotment services in Makkah and Madinah and demonstrates a strong base of recurring revenue. The performance of this segment is considered one of the key factors driving margin expansion, amid cost efficiency efforts and improved contract execution quality. “The first quarter 2026 performance shows the effectiveness of our strategy in enhancing profitability, with consistent margin expansion across all lines. A leaner cost structure and appropriate resource allocation become important foundations for future performance sustainability,” said Agung. The margin increase in the first quarter of 2026 is said to stem not only from revenue growth but also from more disciplined cost management and efficiency in contract implementation. Management assesses that a leaner cost structure enables the company to maintain profitability even with a relatively moderate revenue base at the start of the year.