President Prabowo: State-Owned Enterprise Profits Soar Under Danantara Management

The Daya Anagata Nusantara Investment Management Agency (Danantara) has demonstrated the effectiveness of its strategy in reorganising the management of state assets. A number of state-owned enterprises (SOEs) have recorded significant profit surges and successful turnarounds under Danantara’s oversight. These positive results were presented by President Prabowo Subianto during his State Address at the MPR Annual Session and the Joint Session of the DPR-DPD at the Parliamentary Complex in Senayan, Jakarta, on Friday (14/8/2026). Several SOEs recorded soaring net profits, including PT Timah which jumped by 804.7 percent, Pupuk Indonesia by 253 percent, Semen Indonesia by 196.5 percent, Pegadaian by 84.6 percent, Pertamina by 80 percent, Pelindo by 60.4 percent, BTN by 40.8 percent, and Bank Mandiri by 24.3 percent. Additionally, two previously loss-making SOEs, Krakatau Steel and Kimia Farma, have now managed to book profits. President Prabowo expressed appreciation for Danantara’s efforts in streamlining the number of state-owned enterprises. He noted that this move had resulted in overhead cost savings of more than Rp50 trillion. These savings came from various components, including salaries for directors and commissioners, building rent, vehicle hire, and official travel frequently undertaken by the state-owned companies. ‘Therefore, I give special appreciation to the leadership of Danantara and all of its team, all of its network,’ Prabowo said. Deputy Chairman of Commission VI of the House of Representatives (DPR) from the Gerindra Party, Andre Rosiade, also praised Danantara’s positive performance in reforming SOEs through strengthened partnerships with parliament and regulatory improvements. He stated that this success demonstrated the effectiveness of the partnership between Commission VI and Danantara in restructuring the SOEs. Andre explained that efficiency was achieved through a process of streamlining the number of SOEs to focus on core business, eliminating activities without value creation, and strengthening synergy among SOEs to create economies of scale. Meanwhile, communications observer Hendri Satrio assessed that Danantara’s success was not only about improving the financial balance sheets of SOEs but also about restoring public optimism regarding the governance of state assets. He stated that Danantara has clearly taken a very important and primary role in Indonesia’s future development, at least during the first term of President Prabowo’s administration. Support was also voiced by Golkar Party legislator Bambang Soesatyo, who stressed that the restructuring of SOEs must continue to be carried out professionally and accountably so that they can contribute optimally to state revenues. ‘SOEs must be filled by companies that are healthy, professional, productive, and able to create added value for the prosperity of the people,’ Bambang concluded.