PTPP Books New Contracts Worth Rp 2.76 Trillion, Surging 120.8%

Jakarta – PT PP (Persero) Tbk (IDX: PTPP), a construction and investment company operating under Danantara Indonesia, has recorded new contract values totalling Rp 2.76 trillion through January 2026.

This achievement represents a 120.8% surge compared to the same period in the previous year on a year-on-year basis, marking a positive start to the company’s performance for the year.

Based on funding sources, new contract acquisitions are predominantly driven by government projects at 73.31%, followed by state-owned enterprise projects contributing 25.20%, and private sector projects at 1.49%.

In terms of business lines, the largest contributions come from the building sector at 43.28%, followed by roads and bridges at 26.64%, smelter and mining at 25.20%, water and waste treatment at 4.18%, water infrastructure at 0.54%, and oil and gas facilities at 0.1%.

Key strategic projects secured by PTPP in January 2026 include the Office Building project for the Attorney General’s Office Criminal Investigation and Data Division valued at Rp 820.7 billion, the Medan Metropolitan BRT development project worth Rp 538.5 billion, the Mempawah bauxite mining project totalling Rp 478.6 billion, and the Aceh disaster recovery project valued at Rp 341.7 billion.

PTPP’s Corporate Secretary Joko Raharjo stated that this achievement forms the foundation for the company’s optimism heading into 2026 amid ongoing dynamics and challenges facing the construction industry.

“The company will remain focused on executing projects on time with the highest quality standards and implementing zero accident principles. In addition, we ensure every project is carried out with sound corporate governance principles, prudent risk management, and support for sustainable development,” Joko said in a press statement on Friday (27 February 2026).

Through project selectivity strategy and strengthening operational management, PTPP is confident it can sustain performance growth and deliver added value to all stakeholders throughout 2026.