Indonesian Political, Business & Finance News

Hutama Karya Solidifies Position, Enters Fortune Southeast Asia 500

| Source: CNBC Translated from Indonesian | Infrastructure
Hutama Karya Solidifies Position, Enters Fortune Southeast Asia 500
Image: CNBC

Jakarta - PT Hutama Karya (Persero) has ranked 206th in the 2026 edition of the Fortune Southeast Asia 500. This achievement cements its position as one of the most resilient corporate forces in the region. Nationally, Hutama Karya ranks 16th among all State-Owned Enterprises (BUMN) and 40th among all Indonesian companies across industries on the list, making it the only infrastructure BUMN to consistently appear in this prestigious ranking for three consecutive years since its launch in 2024. Amid an increasingly competitive Southeast Asian economic landscape, with 109 Indonesian companies vying for a spot among the region’s 500 largest corporations, Hutama Karya’s resilience is most evident at the level that matters most: its own sector. Outperforming the majority of construction and infrastructure players in the region reflects the scale of its business, portfolio quality, and execution discipline that set the company apart from its competitors. This strength is clearer in metrics beyond revenue. Overall, Hutama Karya is ranked 206th by revenue, but ranks higher on quality metrics—167th by profit and 114th by total assets among the 500 largest companies in Southeast Asia—affirming its top-tier profitability and balance sheet foundation in the region. This position is supported by qualitatively strengthening financial fundamentals. Throughout fiscal year 2025, Hutama Karya recorded consolidated revenue of Rp 25.13 trillion (US$1,527.3 million) as the primary basis for the Fortune ranking, while net profit grew 15.9% to Rp 3.08 trillion (US$200 million). The company’s total assets reached Rp 189.09 trillion (US$11,343.6 million). The profit growth achieved alongside a sharpening business focus reflects improved revenue quality and operational efficiency, with net profit margin strengthening to around 12 percent, signalling an increasingly healthy capital structure and greater capacity to finance long-term strategic projects. ‘What makes us proud is not merely being on the list, but the quality of the achievement. Amid revenue normalisation, our profit actually grew and our rankings by profit and assets are higher—proof that Hutama Karya’s growth is qualitative and supported by a strong balance sheet. This achievement stems from financial management discipline, measured risk management, and investment portfolio optimisation that we execute consistently,’ said Hutama Karya Finance Director Eka Setya Adrianto in a statement on Saturday (20/6/2026). Hutama Karya’s leadership in the construction cluster rests on a tangible track record of national strategic projects. The Trans-Sumatra Toll Road (JTTS) now stretches approximately 1,042 km and continues to be expanded, while the company has completed a number of vital projects in the Nusantara Capital City, dams, and drinking water supply systems. Portfolio expansion through Government and Business Entity Cooperation (KPBU) schemes, including the Trans Papua Road, further strengthens Hutama Karya’s role as a driver of national connectivity. ‘Three years of consistency in the Fortune Southeast Asia 500 proves that Hutama Karya’s transformation is structural, not seasonal. We are committed to maintaining this standard and translating it into sustainable value for the nation,’ Eka explained. With 100% ownership by the Government of Indonesia and now positioned within the Danantara ecosystem, Hutama Karya places itself in a strategic position to support the national economic transformation agenda. This includes green infrastructure development, downstream industrialisation, and strengthening ASEAN connectivity, in line with its vision as a Leading Sustainable Construction Enterprise and Infrastructure Developer supporting the Government’s Asta Cita.

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