Waskita Karya Records Gross Profit of Rp 1.58 Trillion, Up 12% Throughout 2025

PT Waskita Karya (Persero) Tbk continues to undertake financial recovery efforts. This is marked by the achievement of total consolidated revenue of Rp 8.85 trillion this year. The figure is supported by contributions from subsidiaries amounting to Rp 3.1 trillion. Meanwhile, revenue from the parent company reached Rp 5.75 trillion.

Corporate Secretary of Waskita Karya, Ermy Puspa Yunita, stated that the company’s revenue is supported by several projects currently being undertaken by the company. The company’s revenue based on business segmentation comes from the connectivity segment at Rp 3.3 trillion, Water Resources (SDA) Rp 1.4 trillion, buildings Rp 1.2 trillion, and others Rp 0.9 trillion.

The recording of this revenue, she continued, was largely obtained from various government projects. This strengthens Waskita Karya’s commitment to supporting several government programmes.

Ermy added that Waskita still records cost of revenue at Rp 7.2 trillion or 82 percent of operating revenue. In addition to new projects that must be completed according to contracts, the company is also continuing to complete outstanding old projects that still require cash to completion and targeting all old projects to be completed in 2026.

Thus, in 2025, the company recorded gross profit of Rp 1.58 trillion or an increase of around 12 percent compared to 2024, which was Rp 1.41 trillion. The company also recorded a Gross Profit Margin of 18 percent in 2025, an improvement from 13 percent in 2024.

“The increase in gross profit was achieved by Waskita through operational efficiency strategies implemented in projects. Not only in the parent company but also in subsidiaries,” explained Ermy in her statement on Thursday (2/4/2026).

To create efficiency and effectiveness in project execution, Waskita has implemented a lean organisation and continues to carry out digital transformation in various fields. In the operational field, the company integrates the Core System ERP SAP S/4 HANA with Building Information Modelling (BIM) and Last Planner System (LPS) planning.

There are also several other digital innovations, such as the use of Artificial Intelligence (AI) WISENS (Waskita Intelligent Sensing System) technology in some of its project constructions, to improve the effectiveness and efficiency of work. Two of them are AI Pavement Crack Detection, which aims to help Waskita detect road damage, as well as a target of no failures in the construction process or zero defect.

“Through the use of this AI, the calculation of the number and type of damage can be done automatically more efficiently, thus supporting toll road asset inspection and supervision. The inspection time that can be efficiency reaches 40 percent faster,” explained Ermy.

She continued that transformation on the side of strengthening Information Technology (IT) Governance is also being carried out. Waskita has developed several information systems, including the creation of an Integrated Management Dashboard and several improvements to the company’s financial system, to support Internal Control Over Financial Reporting (ICOFR).

“Overall, the ultimate goal of Waskita’s transformation is the creation of sustainable operational excellence. We will always strive to complete projects with the best quality, on time, and at efficient costs,” said Ermy.

In addition, this company with the stock code WSKT then recorded operational expenses or Operating Expenses (Opex) of Rp 1.7 trillion, 76.6 percent of which are cash operational costs. The remaining 23.4 percent are non-cash such as depreciation and amortisation expenses of the company’s assets.

Overall, continued Ermy, in 2025 the company succeeded in reducing liabilities by Rp 2.21 trillion. She added that management’s current focus is to reduce liabilities through several strategic plans, including accelerating toll road divestments and asset optimisation. Both steps are Waskita Karya’s strategies to return to its core business as a pure contractor.

“In 2025, Waskita has completed several share release actions, such as the divestment of 94.7 percent of PT Waskita Sangir Energi (WSE) through its subsidiary PT Waskita Karya Infrastruktur (WKI) in September. Then the release of 35 percent shares of PT Cimanggis Cibitung Tollways (CCT) carried out by PT Waskita Toll Road in November,” explained Ermy.

Next, in December 2025, Waskita through its subsidiary PT Waskita Karya Realty (WKR) officially divested 20 percent shares of PT Waskita Modern Realty (WMR). This step aims to optimise the investment portfolio and strengthen WSKT’s financial liquidity.

“During 2025, we also continued to add new contracts but more selectively, such as those with monthly payments and avoiding turnkey projects. Through the Construction Management Committee, the company ensures that the projects to be managed do not burden financially and are low risk,” revealed Ermy.

The total New Contract Value (NKB) of Waskita reached Rp 12.52 trillion, a significant increase from Rp 9.55 trillion in 2024. The acquisition is dominated by government projects, ranging from irrigation networks, Sekolah Rakyat (SR), to constructing Regional General Hospitals (RSUD) in various regions to support the Best Quick Results Programme (PHTC).

“The execution of these projects is a manifestation of Waskita’s contribution in succeeding efforts to alleviate poverty and improve welfare, which is the current president’s focus. We will continue to encourage and help the success of government programmes,” she emphasised.

From the operational activities side, as of 31 December 2025, Waskita manages 63 projects in various regions in Indonesia with a total contract value of Rp 31.7 trillion.

Ermy emphasised that Waskita Karya’s main focus now is to reduce total debt. Including the Master Restructuring Agreement (MRA) and Working Capital Credit Guarantee (KMKP) 2021 which have been