PT WIKA Gedung new contract value grows 568 percent as of August 2026
Jakarta (ANTARA) - PT Wijaya Karya Bangunan Gedung Tbk (WEGE) booked new contract value that grew 568 percent year on year (yoy) to Rp775 billion as of August 2026, compared to Rp116 billion in the same period the previous year.
WEGE Corporate Secretary Purba Yudha Tama, in an official statement in Jakarta on Wednesday, explained that the composition of project owners in the company’s new contracts was dominated by the government at 83 percent, followed by state-owned enterprises (BUMN) at 17 percent.
In terms of project typology, the public facilities segment was the main contributor at 63 percent, while the remaining 37 percent came from residential development.
Projects secured by the company include Temporary Housing (Huntara) in Aceh Tamiang, ASN Housing in Aceh, Post-Emergency North Sumatra, Post-Emergency West Sumatra, BRT North Sumatra (Mebidang), and Garuda School North Kalimantan (JO).
Additionally, Office Keet SR Aceh, RSUD Rupit (JO), Modular Internal Huntara Aceh, RDBI North Sumatra, Huntara Tegal, Lokop Aceh Health Centre Housing, Huntara Tamiang 4 Danantara, Temanggung Polyclinic Construction, and a Hospital in South Kalimantan.
The company’s Debt to Equity Ratio (DER) stood at 0.98 times as of June 2026, which according to Yudha reflects a very safe financial condition in terms of debt, with an interest-bearing debt ratio of only 0.07 times.
He continued that the company also has no bond debt or sukuk debt, which allows it to maximise operational leverage flexibly without being burdened by high cost of funds.
“The low proportion of interest-bearing debt directly minimises the impact of macro interest rate fluctuations, while providing ample liquidity headroom for the company to fund working capital and capture strategic project opportunities efficiently,” said Yudha.
Yudha explained that the company has undertaken a number of transformation measures to strengthen liquidity and financial structure, one of which is through portfolio optimisation, including plans to divest a number of assets deemed optimisable worth more than Rp1 trillion.
The asset divestment plans include Fave Hotel Karawang, Menara MTH floors 10 and 15, de Braga Bandung, Graha Mantap, as well as several plots of land in Lombok, Samarinda, and other locations.
“This step is directed at increasing the effectiveness of asset utilisation while strengthening the company’s focus on its core business in construction, so that the company has a healthier, more adaptive, and sustainable business structure,” said Yudha.