Open Financial Report, WIKA Claims Debt Reduced by Rp 3.5 Trillion

Geopolitical turmoil between Iran, the United States, and Israel shaking the global commodities market has not shaken PT Wijaya Karya (Persero) Tbk (WIKA). While the global manufacturing industry struggles to cope with spikes in logistics costs and exchange rates, this state-owned construction giant is busy with internal “clean-up” and strengthening its financial fundamentals. WIKA’s President Director, Agung Budi Waskito, acknowledged pressures on prices of crucial materials like reinforcing steel and industrial diesel. “WIKA generally does not use imported materials. Almost everything we use comes from domestic sources, so the impact is not significant on overall projects,” Agung stressed, while monitoring the HBR II Toll Road project in Jakarta on Monday (6/4/2026). The company’s decision to focus on Domestic Products (PDN) has proven to be an effective tactical move. As global supply chains are disrupted and exchange rate differentials become a frightening spectre for many issuers, WIKA has “immunity” that maintains stability in on-site execution. However, WIKA’s resilience in facing this year’s global challenges is not just about materials. The company is undergoing fundamental transformation through aggressive financial report dissection. WIKA is moving away from its old expansive style without thorough calculation. Now, the company’s priorities have completely shifted to balance sheet recovery and comprehensive restructuring. The results are starting to show in the latest data, where interest-bearing debt has fallen to Rp 33.4 trillion, a significant shrinkage of Rp 3.5 trillion from the 2023 position which once reached Rp 36.9 trillion. This debt reduction serves as a vital indicator that management is becoming disciplined in maintaining cash flow. WIKA chooses to be more “lean” financially rather than merely chasing fragile physical growth built on a pile of interest burdens. WIKA’s Corporate Secretary, Ngatemin, revealed that improvements in capital structure are being carried out through the “Eight Financial Recovery Streams”. “This year’s focus is on reducing the financial burden and divesting assets that are not yet profitable. This is the main foundation for maintaining the company’s sustainability,” Emin concluded.