To Chase Rp 22 Trillion Target by 2026, PTPP Relies on Government and SOE Projects

JAKARTA - PT PP (Persero) Tbk is targeting new contract acquisitions worth Rp 22 trillion throughout 2026. This target is supported by government projects based on the APBN, SOE projects, and private sector projects.

PT PP’s President Director, Novel Arsyad, stated that as of April 2026, the company has secured new contracts valued at Rp 4.5 trillion. The company still has eight months to pursue the target.

“Of course, we still have eight months ahead, where our target for 2026 is Rp 22 trillion. Insyaallah, it remains within the corridor of our future targets,” he said during the 2025 fiscal year Earnings Call held online on Tuesday (7/4/2026).

Other projects include the Lamongan jetty and coastal infrastructure worth Rp 234 billion. There is also the Aceh disaster handling for the Bireuen-Takengon road section worth Rp 148.3 billion, as well as the RS PHTC Tulang Bawang worth Rp 112.7 billion.

Novel mentioned that the company will be more selective in choosing projects. The focus is directed towards APBN-based projects.

“In this regard, government Asta Cita projects will be our focus moving forward, because their numbers are increasingly large and spread across Indonesia,” he said.

“For private projects, in this case, we are more selective from the perspective of risk management that we have evaluated well, so as not to repeat previous problems,” he added.

Throughout 2025, PT PP recorded new contracts of Rp 24.9 trillion. Revenue was recorded at Rp 16.2 trillion.

“So this still shows how the assigning parties continue to place their trust in us in carrying out future projects,” said Novel.