PTPP Surges 120.8%, New Contracts Reach Rp2.76 Trillion in January 2026

Jakarta, CNBC Indonesia - State-owned construction and investment company PT PP (Persero) Tbk (PTPP) has recorded new contract values totalling Rp2.76 trillion through January 2026. This result represents a sharp increase of 120.8% year-on-year compared to the same period in the previous year, reflecting strong performance for the company at the start of the year.

The realisation of new contracts is dominated by projects with government funding sources representing 73.31%, followed by state-owned enterprise (BUMN) projects at 25.20%, and private sector projects at 1.49%.

By business line, the largest contribution to PTPP’s new contracts comes from the Building sector at 43.28%, Roads and Bridges at 26.64%, Smelting and Mining at 25.20%, Water and Waste Treatment at 4.18%, Water Infrastructure at 0.54%, and Oil & Gas Facilities at 0.16%.

Several strategic projects secured by PTPP in January 2026 include the Attorney General’s Office Building (Pidum & Datum) project valued at Rp820.7 billion, the Medan Metropolitan BRT Development project valued at Rp538.5 billion, the Mempawah Bauxite Mining project valued at Rp478.6 billion, and the Aceh Disaster Management project valued at Rp341.7 billion.

PTPP Corporate Secretary Joko Raharjo stated that this achievement serves as a foundation for the company’s optimism as it moves into 2026 amid ongoing dynamics and challenges in the construction industry.

“The growth in new contract acquisition at the start of this year demonstrates positive momentum for PTPP to maintain sustained performance throughout 2026. The company will remain focused on timely project execution with the highest quality standards and the implementation of zero accident principles,” said Joko in an official statement on Friday, 27 February 2025.

Furthermore, Joko stated that the company ensures every project is carried out in accordance with good corporate governance (GCG) principles. PTPP continues to apply a prudent risk management strategy and prioritises sustainable development in all its projects.

Ultimately, PTPP is confident it can maintain performance growth and deliver added value to all stakeholders throughout 2026. This aligns with the company’s project selectivity strategy and strengthening of operational management.