Jasa Marga appoints two new commissioners: former KPK deputy chief and MUI chairman

Jakarta — The state-owned toll-road operator PT Jasa Marga (Persero) Tbk (JSMR) has reshuffled its board of commissioners and directors following the Annual General Meeting of Shareholders (AGMS) held on Wednesday, 20 May 2026. At the AGMS, Jasa Marga appointed two new commissioners, Asrorun Ni’am Sholeh and Nurul Ghufron. The appointment also saw Andry Tanudjaja elevated as Deputy President Director of Jasa Marga. Asrorun Ni’am Sholeh is the Chairman of the MUI Fatwa Council. He is also the head of the Al-Nahdlah Islamic Boarding School (Al-Nahdlah IBS) in Bojongsari, Depok. Nurul Ghufron is an Indonesian law academic who previously served as Deputy Chair of the Corruption Eradication Commission (KPK) from 2019 to 2024. During the AGMS, the company approved the latest composition of the Board of Commissioners and the Board of Directors. The dividend approved amounts to Rp 1.1 trillion, or 31 percent of the company’s net profit for the 2025 financial year. Jasa Marga President Director Rivan A. Purwantono said the company remains focused on sustaining dividend payments amid its business expansion. “The dividend per share (DPS) is Rp 156.2, the same as in the previous period. The dividend will be distributed pro rata to shareholders named in the Shareholders Registry on the recording date of 4 June 2026, with the dividend payout scheduled for 19 June 2026,” he was quoted as saying in a press release on Wednesday, 20 May 2026. In 2025, Jasa Marga reported core profit remaining stable at Rp 3.7 trillion. The company also posted operating revenues of Rp 19.8 trillion, up 5.8 percent year-on-year, driven by toll revenue of Rp 18.2 trillion and other operating income of Rp 1.6 trillion. EBITDA rose to Rp 13.3 trillion, with an EBITDA margin of 67 percent. According to Rivan, core profit stability was supported by growth in operating revenue and EBITDA, as well as a reduction in financing costs on a consolidated basis. “Jasa Marga has managed to sustain stable and resilient performance. Core profit stability is supported by growth in operating revenues and EBITDA, and by the company’s success in lowering financing costs on a consolidated basis by 10.5 percent (y/y) as a positive outcome of equity financing actions undertaken at the end of 2024,” said Rivan. In toll road concession operations, Jasa Marga runs 1,294 kilometres of toll roads out of a total concession of 1,736 kilometres. The company notes that the total concession area managed represents 42 percent of the national toll road market. Across 2025, transactions on Jasa Marga’s toll routes reached 1.31 billion vehicle transactions, with an average daily traffic (ADT) of 3.58 million vehicles.