Paradise Indonesia Records Consistent Revenue Growth for Five Consecutive Years

PT Indonesian Paradise Property Tbk (“INPP” or “the Company”), also known as Paradise Indonesia, a company operating in the hospitality, commercial, and property sales sectors renowned for its iconic properties, has recorded impressive performance with a 32.9% year-on-year increase in net revenue to Rp1.74 trillion in 2025. This growth is driven by the ongoing handover process of Antasari Place apartments, contributions from the expansion of 23 Paskal Shopping Center which began operations in mid-2025, and the launch of Citadines in September 2025, which will further strengthen recurring income in the future. This achievement marks the consistency of revenue growth over the past five years, affirming the Company’s ability to continue growing under various economic conditions. Although net profit was impacted by non-cash adjustments, INPP succeeded in strengthening liquidity by doubling its cash position to fund the next growth phase. STRATEGIC LIQUIDITY As of 31 December 2025, Paradise Indonesia’s cash and cash equivalents surged 113.3% to Rp771.39 billion. This massive increase in liquidity, supported by strategic corporate actions including the issuance of Rp500 billion in bonds, as well as cash inflows from the presence of a strategic partner in one of the Company’s assets. This step reflects the Company’s focus on optimising its capital structure, strengthening liquidity, while optimising asset management going forward with the entry of a strategic partner. INPP’s capital structure remains very healthy with a low Net Debt to Equity ratio (Net DER) of 0.21x, providing ample room for strategic funding in the future. PORTFOLIO OPTIMISATION The Company’s success in maintaining a low leverage profile reflects strict capital allocation discipline. Focus on recurring income growth, now reaching 70% of total revenue, provides strong cash flow predictability. This cash flow is reinvested into future projects to ensure expansion is supported by solid operational fundamentals. Upcoming projects in the second quarter of this year include the operation of 23 Semarang Shopping Center in Semarang City, Central Java. This step will also strengthen the Company’s commercial segment portfolio. In addition, as a pillar of long-term growth, the Company is currently in the development stage of Phase 1 of 88 Plaza, a retail and shop house complex project located in Balikpapan, East Kalimantan. Based on revenue details, the largest contribution to total revenue comes from the hospitality segment at 36%. The commercial segment contributes 34%, while property sales account for 30% of the Company’s total revenue. “We are grateful to have recorded consistent revenue growth for five consecutive years while doubling cash reserves. INPP is now ready to grow conservatively amid this challenging situation. Supported by a low Net DER of 0.21x and a solid recurring income base, we are well prepared to accelerate new iconic projects for sustainable value to all stakeholders,” said President Director & CEO of Paradise Indonesia, Anthony P. Susilo, in his statement on Friday (20/3). (H-1)