Krakatau Steel Records Net Profit of Rp5.68 Trillion in 2025
PT Krakatau Steel (Persero) Tbk (KRAS) recorded a net profit of 339.64 million US dollars, equivalent to Rp5.68 trillion, in 2025, reversing a net loss of 154.7 million US dollars or Rp2.49 trillion in 2024. The net profit recorded stems largely from book gains (accounting gain) from the success of a comprehensive debt restructuring programme. “We are grateful for this achievement as a form of trust from stakeholders. Funding support and confidence from Danantara have been the main drivers for us to continue improving. This profit is an initial point that we approach with humility to ensure the sustainability of the national steel industry,” said KRAS President Director Akbar Djohan in an official statement in Jakarta on Thursday. The company recorded financial income of 519.92 million US dollars from the restructuring process, including profits from accelerated liability settlements (haircut) amounting to 156.74 million US dollars. Overall, the company recorded revenues of 959.84 million US dollars or Rp16.05 trillion in 2025. From an operational perspective, the company achieved a total steel product sales volume of 944,562 tonnes in 2025, a 29% year-on-year growth compared to the previous year. Akbar stated that the company has successfully strengthened its financial position by recording total assets of 2.77 billion US dollars or Rp46.24 trillion as of the end of 2025. At the same time, the company’s commitment to settling debt obligations has yielded tangible results, with total liabilities reduced by 17.04% year-on-year to 2.04 billion US dollars or Rp34.11 trillion. Akbar continued that the positive effects of performance improvements have brought significant growth to the equity side, which surged more than twofold to 725.51 million US dollars or approximately Rp12.13 trillion. Complementing this financial health, the company has reaffirmed its commitment to transparency and governance, with Krakatau Steel’s 2025 Financial Statements successfully receiving an Unqualified Opinion (WTM) from the Independent Auditor. “We realise there are still many challenges ahead. Therefore, the Company will continue to actively evaluate its portfolio and review collaborations that do not provide optimal value, to maintain the trust given by all stakeholders,” said Akbar. On this occasion, Akbar assured that the company views the continuation of the growth trend optimistically through increased utilisation of production facilities and strengthening of the domestic market share. “The company’s strategic focus remains on meeting the needs of the growing infrastructure and automotive sectors, in line with the spirit of national development and the acceleration of industrial downstreaming towards the Golden Indonesia vision,” said Akbar. In addition, the company is actively conducting a comprehensive evaluation of all business portfolios, including reviewing several joint venture collaborations to ensure alignment with growth targets. The company believes that if the performance of all JV units shows positive trends, especially PT Krakatau Posco as the main strategic partner, it will certainly provide a much larger and sustainable contribution to Krakatau Steel’s overall consolidated financial performance.