Hermanto Tanoko's Listed Company (RISE) Records Profit of Rp 87.19 Billion

Jakarta, CNBC Indonesia — Hermanto Tanoko’s property issuer PT Jaya Sukses Makmur Sentosa Tbk (RISE) recorded a 133.5% year-on-year (yoy) increase in attributable net profit for the full year 2025.

However, this profit growth was not contributed by the company’s main business. According to the latest financial report, the company’s profit as of 31 December 2025 was recorded at Rp 87.19 billion. Meanwhile, in 2024, the company booked a profit of Rp 37.35 billion.

From the top line perspective, the company recorded revenue of Rp 410.72 billion. This figure increased by 12.34% compared to 2024’s Rp 365.58 billion.

This revenue was supported by the apartment sales segment at Rp 151.42 billion, warehouses and shophouses at Rp 35.72 billion, houses at Rp 7.99 billion, and land at Rp 13.53 billion. In addition, hotel revenue was Rp 180.47 billion, rental revenue Rp 8.2 billion, and related party rental revenue Rp 13.38 billion.

On the other hand, RISE’s cost of revenue was recorded at Rp 214.48 billion in 2025. This figure increased compared to the previous year’s Rp 179.07 billion.

Meanwhile, the company secured a portfolio securities gain of Rp 4.98 billion. This reversed the previous year’s loss of Rp 17.75 billion. As a result, other income was recorded at Rp 20 billion, reversing the previous year’s expense of Rp 342.59 million.

The company’s asset value at the end of 2025 was recorded at Rp 3.52 trillion. These assets increased from the previous year’s position of Rp 3.42 trillion.

Meanwhile, RISE’s liabilities and equity positions were recorded at Rp 747.45 billion and Rp 2.77 trillion, respectively.

RISE shares have experienced a sharp correction since the beginning of 2026 after soaring 1,000% over 10 months the previous year. Throughout this month, RISE shares remain in a negative trend. In yesterday’s trading, the share price fell 2.91% to 2,000.

For information, Hermanto Tanoko is the ultimate beneficiary of RISE. He controls RISE through Tancorp Global with an 80.3% ownership.