State-Owned Enterprise Agency Urges Adhi Karya to Trim Subsidiaries During Transformation

The BUMN Agency, alongside Danantara, is directing the transformation of PT Adhi Karya (Persero) Tbk (ADHI) and its subsidiaries through a gradual simplification of its business structure.

“My hope is that the results of all the processes we undertake will make Adhi Karya healthy, allowing us to focus on our primary role as a high-quality contractor,” stated the Head of the BUMN Agency and COO of Danantara, Dony Oskaria, in an official statement confirmed in Jakarta on Friday.

From the current 18 entities, ADHI is being guided towards a simpler and more integrated structure to strengthen its business focus and support the company’s financial recovery.

In his directives to the management team, Dony emphasised the importance of returning ADHI to its core business as a professional contracting company, with work quality as one of the top priorities.

In line with these efforts, Dony asserted the need for simplifying the business structure and halting the formation of new subsidiaries.

“We have observed that every time a new subsidiary is created, problems arise. Therefore, stop; there must be no more new subsidiaries,” he said.

The completion of financial restructuring, targeted for September 2026, is also a vital component in strengthening the company’s foundation and supporting ADHI’s future business sustainability.

Meanwhile, regarding subsidiaries in the property sector, including PT Adhi Commuter Properti Tbk, a thorough due diligence process will be conducted. The results of this due diligence will serve as the basis for determining the best course of action regarding the businesses and assets held.

With a simpler business structure, a focus on core operations, and an increasingly healthy financial condition, ADHI is expected to strengthen its competitiveness and create high-quality, sustainable growth.