Waskita Karya Successfully Reduces Total Debt to Rp 67.1 Trillion
PT Waskita Karya (Persero) Tbk has successfully reduced its financial burden from Rp 4.34 trillion to Rp 4.00 trillion. Management has also succeeded in lowering total debt by 20.16% from Rp 84 trillion in 2023 to Rp 67.1 trillion in 2025.
Corporate Secretary of Waskita Karya, Ermy Puspa Yunita, stated that since 2023, the company has initiated a restructuring process, both financially and operationally. The company has continued its strategy to strengthen its financial structure, with the signing of the Master Restructuring Agreement (MRA) in 2024 by 21 banks. That agreement has been implemented up to now.
Past-due vendor debts have also dropped dramatically by up to 96.1% over the period from 2023 to 2025, from Rp 1.62 trillion to Rp 63.4 billion. The company is committed to settling the remaining debt as quickly as possible.
Ermy continued that since the restructuring became effective, past-due tax obligations have been fully settled at 100%. Thus, as of 2024, Waskita Karya no longer has any past-due tax debts.
“The financial recovery strategy is consistently implemented through the execution of the MRA. Since the restructuring became effective in 2024 up to December 2025, Waskita Karya has successfully reduced the outstanding MRA debt value from an initial Rp 26.2 trillion to Rp 24.1 trillion,” Ermy explained in a written statement on Wednesday, 13 May 2026.
Waskita Karya held the Annual General Meeting of Shareholders (AGMS) for the 2025 fiscal year at the Waskita Karya Building in Jakarta on Friday, 8 May 2026. There were six agenda items discussed in that routine meeting, including the approval of the Annual Report and the ratification of the Company’s Consolidated Financial Statements.
In 2025, the company undertook performance improvement efforts, including achieving business revenue of Rp 8.82 trillion. Gross profit also increased by around 12% to Rp 1.58 trillion from the previous year’s Rp 1.41 trillion.
Furthermore, regarding guaranteed bonds and sukuk, up to December 2025, Waskita Karya has made coupon payments on two series of bonds and one sukuk amounting to Rp 707 billion. This step is in accordance with the provisions agreed upon in the applicable trust agreement.
The restructuring of non-guaranteed bonds worth Rp 3.35 trillion has received restructuring approval through the Bondholders’ Meeting for three series of bonds out of a total of four series. The remaining one series is still in the restructuring approval process.
Waskita Karya’s performance continues to be supported by an increase in the realisation of New Contract Values (NCV). The company’s NCV acquisition reached Rp 12.52 trillion last year, previously only Rp 9.5 trillion.
Based on the results of the 2025 AGMS, it was decided that there would be no changes to the composition of the board of directors and commissioners. The company’s management is ready to continue the strategies that have been prepared while strengthening the foundation to drive sustainable business growth.
“With this decision, we are optimistic about strengthening the company’s performance and competitiveness. A combination of digital strategies and global connectivity is expected to boost business performance and provide a greater contribution to the national economy,” said Ermy.
The following is the composition of the Board of Commissioners and the Board of Directors of Waskita Karya:
President Commissioner: Sutrisno
Independent Commissioner: Aqila Rahmani
Independent Commissioner: Muhammad Harrifar Syafar
Independent Commissioner: Muhammad Abdullah Syukri
Commissioner: Ade Abdul Rochim
Commissioner: Hasby Muhammad Zamri
President Director: Muhammad Hanugroho
Finance Director: Wiwi Suprihatno
Director of Business Strategic, Portfolio and Human Capital: Rudi Purnomo
Director of Operations I: Ari Asmoko
Director of Operations II: Paulus Budi Kartiko
Waskita was established in 1961 as a state-owned enterprise (BUMN) and in December 2012, Waskita became a public company with its shares listed on the Indonesia Stock Exchange under the ticker “WSKT”.
In recent years, Waskita has further solidified its role as one of Indonesia’s major contractors as well as an infrastructure/real estate developer through the establishment of subsidiaries, namely PT Waskita Beton Precast Tbk (WSBP), PT Waskita Toll Road, PT Waskita Karya Realty, and PT Waskita Karya Infrastruktur.