Pegadaian’s Strong First-Half Performance: What Drove It

Jakarta — PT Pegadaian (Persero) recorded positive results in the first half of 2026, with profit rising 84% to Rp6.59 trillion from Rp3.58 trillion in the same period in 2025.

Pegadaian chief executive Damar Latri Setiawan said the performance was supported by a 52% increase in outstanding loans (OSL), which reached Rp155 trillion.

“These figures show that Pegadaian is increasingly trusted by the public. They are not just numbers, but proof of people’s confidence in Pegadaian,” Damar said at the Danantara BUMN Progress Update 2026 on Friday (16 October 2026).

He said the results also reflected growth in sales of Pegadaian products, including financing and gold investment. The company has stepped up efforts to improve public understanding of gold investment.

“To grow these products, we have to build public confidence that Pegadaian’s products are good and that Pegadaian is the right place to find financial solutions and invest in gold,” Damar said.

Pegadaian has also pursued efficiencies by using facilities and infrastructure provided by BRI, its holding company. It can also open outlets at BRI branch offices.

In addition, the company has promoted its Tring! service to make it easier for the public to access Pegadaian. Damar said these measures were important to the company’s future growth.

Damar said Pegadaian’s results had been praised by President Prabowo Subianto as part of Danantara, and that the company had been recognised as one of the successful state-owned enterprises (SOEs).

“This is thanks to Danantara’s efforts to ensure Pegadaian’s transformation strategy is implemented well. It is also a challenge for us going forward: how to sustain our current performance and improve it further,” he said.