Waskita Karya Secures New Contracts Worth Rp12.52 Trillion in 2025
PT Waskita Karya (Persero) Tbk recorded new contracts worth Rp12.52 trillion throughout 2025. This acquisition represents an increase from the previous year and reflects a tighter project selection strategy.
The company emphasised a cautious approach in taking on projects to maintain cash flow and minimise financial risks.
Waskita Karya Corporate Secretary Ermy Puspa Yunita stated that the addition of new contracts was done selectively, considering payment schemes and project risk profiles.
“Throughout 2025, we 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 finances and have low risks,” said Ermy in an official statement on Thursday (2/4/2026).
The new contract acquisition rose from Rp9.55 trillion in 2024 and was dominated by government projects, ranging from irrigation networks, the construction of Sekolah Rakyat, to regional hospital buildings.
From an operational perspective, by the end of 2025, Waskita managed 63 projects with a total contract value of Rp31.7 trillion.
In line with this strategy, the company also recorded consolidated revenue of Rp8.85 trillion. The largest contribution came from the connectivity segment at Rp3.3 trillion, followed by water resources at Rp1.4 trillion and buildings at Rp1.2 trillion.
Waskita recorded gross profit of Rp1.58 trillion, an increase of around 12 percent compared to the previous year. The gross profit margin also improved to 18 percent from the previous 13 percent.
“The increase in gross profit was achieved by Waskita through project operational efficiency strategies. Not only at the parent company but also at subsidiaries,” said Ermy.
The company still recorded cost of revenue of Rp7.2 trillion, or about 82 percent of total revenue. This was influenced by the completion of old projects that still require additional costs until 2026.
To support efficiency, Waskita integrated digital systems such as ERP SAP S/4 HANA with Building Information Modelling and artificial intelligence-based technology.
On the financial side, the company reduced liabilities by Rp2.21 trillion throughout 2025 through asset divestments and portfolio optimisation.
Ermy stated that the future focus is on strengthening liquidity and returning to the core business as a pure contractor.
“This debt reduction effort aligns with the Financial Recovery Plan (RPK) strategy that has been approved at the General Meeting of Shareholders (RUPS). Going forward, Waskita is committed to returning to its core business as a pure contractor to create more sustainable operational activities,” said Ermy.