Pos Indonesia Defaults on Sukuk Ijarah Returns, Management Explains

PT Pos Indonesia (Persero) has provided an explanation regarding its failure to pay the sixth return on its Sustainable Sukuk Ijarah I Pos Indonesia Phase I Year 2024 Series A-C. The company explained that the payment schedule for the sukuk returns fell on 7 July 2026. The obligation that PT Pos Indonesia was required to pay amounted to Rp24.12 billion. However, by the specified deadline, PT Pos Indonesia was unable to fulfil the payment obligation. “The reason PT Pos Indonesia (Persero) could not fulfil the sukuk return payment obligation is because the company’s current cash condition does not allow for the payment,” Pos Indonesia management disclosed in a public information statement. Pos Indonesia has also sent a letter to the Indonesian Central Securities Depository (KSEI) regarding the request for a delay in the payment of the sukuk ijarah returns. Prior to this default case, Pos Indonesia was undergoing changes in its management structure. It was previously reported that Pos Indonesia announced that President Director Daud Joseph had submitted his resignation from his position on Thursday (2/7/2026). Pos Indonesia Corporate Secretary Iwan Gunawan stated that the reason for the resignation was purely the personal desire and consideration of the individual concerned. “PT Pos Indonesia respects this decision and expresses its highest appreciation and gratitude for the dedication, service, and contributions provided during his leadership of the company,” Iwan said in a written statement in Jakarta on Thursday (2/7/2026). Furthermore, Iwan continued, Pos Indonesia ensures that the leadership transition process will be carried out in accordance with applicable governance. During this process, he said, Pos Indonesia guarantees that the company’s operational activities will continue to run and will not disrupt service processes to all stakeholders. Iwan stated that Pos Indonesia, which is part of Danantara, remains committed to carrying out the mandate of the Shareholders in providing the best service to the public. Iwan emphasised Pos Indonesia’s efforts to strengthen the company’s performance, as well as to carry out the ongoing strategic work programmes. “Pos Indonesia confirms that currently operational conditions are running smoothly and well. All transformation programmes and the company’s strategic agendas continue to proceed according to the company’s plans,” Iwan said.