WIKA Beton Changes Strategy, Private Sector Becomes Main Support for Performance
JAKARTA - PT Wijaya Karya Beton Tbk recorded positive performance throughout the 2025 fiscal year amid the dynamics of a competitive construction industry.
The company began shifting its strategy by increasing the portion of the private market as the main pillar of growth.
Quoted from an official statement, the subsidiary of PT Wijaya Karya (Persero) Tbk booked a net profit of Rp 40.02 billion.
This achievement was supported by operating revenue of Rp 3.59 trillion and new contract acquisitions worth Rp 4 trillion.
The strategy change is evident in the customer composition. The private sector now dominates with a contribution of 54.86 per cent, reflecting efforts to diversify the market and reduce dependence on government projects or internal group ones.
“This diversification step strengthens corporate independence so that it no longer fully relies on government-assigned projects or internal group ones,” said the Director of Finance, Human Capital, and Risk Management of WIKA Beton, Syailendra Ogan, on Tuesday (31/03/2026).
Nevertheless, the infrastructure sector remains the main contributor to revenue with a portion of 55.53 per cent. Meanwhile, the industrial and electricity sectors also provide significant contributions to the company’s performance.
The company views the shift in focus to the private market as one of the key factors in maintaining long-term growth stability, especially amid tight national construction industry competition.
On the financial side, WIKA Beton is implementing an aggressive deleveraging strategy. This step impacted a 25.76 per cent decrease in total liabilities to Rp 2.60 trillion.
The decrease was driven by the settlement of part of trade payables worth Rp 548.64 billion and a reduction in long-term debt. Along with that, the debt-to-equity ratio (DER) fell from 95.15 per cent to 70.66 per cent at the end of 2025.
Improvements are also seen in the company’s liquidity. The current ratio increased to 130.42 per cent, providing more room to face future market dynamics.
In addition, the company recorded an ESG score of 71 from S&P Global, placing it in the top 13 per cent of the global construction materials industry.
“Going forward, WIKA Beton’s presence within the Danantara ecosystem is expected to serve as an additional catalyst in strengthening the capital structure and expanding operational reach at the international level,” he said.