KRAS Turns Losses into Profit of Rp 5.75 Trillion, Driven by Two Key Factors
PT Krakatau Steel (Persero) Tbk (KRAS) has finally recorded a net profit of US$339.64 million, equivalent to Rp5.75 trillion (exchange rate Rp16,930), for the fiscal year 2025, compared to a previous loss of US$148.42 million. Meanwhile, the profit attributable to the owners of the parent entity for the year was US$325.45 million, up from a prior loss of US$154.71 million.
Krakatau Steel’s President Director, Akbar Djohan, emphasised that the 2025 financial report reflects the company’s much stronger fundamentals.
“KRAS Reborn has now become a solid foundation that strengthens the competitiveness and resilience of Krakatau Steel’s business. The performance improvement we are witnessing today is the result of a solid, sustainable, and adaptive transformation,” Akbar stated in a written remark on Friday (1/5/2026).
Citing the financial report submitted via disclosure of information to the Indonesia Stock Exchange (BEI), the profit achievement was driven by financial income of US$519.92 million from the restructuring process, including a profit from the accelerated settlement of obligations (haircut) worth US$156.74 million.
Meanwhile, operating income for the whole of 2025 rose slightly from US$954.59 million to US$959.83 million, equivalent to Rp16.05 trillion. Total steel product sales volume reached 944,562 tonnes, a sharp increase of 29.0% compared to the previous year.
The cost of goods sold also rose from US$847.6 million to US$909 million. As a result, KRAS’s gross profit for 2025 plunged from US$106.9 million to US$50.7 million.
Total assets for the whole of 2025 amounted to US$2.77 billion, equivalent to Rp46.24 trillion. In addition, the settlement of debt obligations reduced total liabilities by 17.04% to US$2.04 billion, or Rp34.11 trillion.
The company’s equity value doubled to US$725.51 million, or approximately Rp12.13 trillion. Along with the profit booked, accumulated losses were eroded from US$2.47 billion to US$2.16 billion.
According to him, this financial recovery is inseparable from the strategic support of shareholders through Danantara, including Shareholder Loans (PPS) and further restructuring agreements that strengthen the company’s liquidity and operational efficiency.
Going forward, KRAS will optimise the utilisation of production facilities and strengthen its domestic market share. The strategic focus remains on meeting the needs of the infrastructure and automotive sectors.
“We recognise 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, in order to maintain the trust given by all stakeholders,” he concluded.