WIKA Gedung Secures New Contracts Worth Rp464.67 Billion by March 2026

Jakarta (ANTARA) - The state-owned enterprise in the construction sector, PT Wijaya Karya Bangunan Gedung Tbk (WEGE), has recorded new contracts worth Rp464.67 billion by March 2026. These new contracts include the People’s School (SR) Project, Bus Rapid Transit (BRT) Stops, Rupit Regional General Hospital (North Musi Rawas Regency), Civil Servant Housing, and Ministry of Public Works (PU) Housing. “WEGE has a strong foundation to withstand the current economic uncertainty. We are striving to achieve this year’s new contract acquisition target with maximum results,” said WEGE President Director Hadian Pramudita in Jakarta on Wednesday. Throughout 2025, Hadian explained that the company successfully reduced total liabilities by 33.6 per cent year-on-year (yoy) to Rp2.07 trillion as of 31 December 2025, compared to Rp3.12 trillion in the same period the previous year. This reduction was driven by the repayment of short-term bank loans, which dropped drastically by 79.14 per cent (yoy) to Rp73.04 billion as of 31 December 2025, compared to Rp350 billion in the same period the previous year. “This strategic step is management’s commitment to restructuring the capital structure and improving financial burden efficiency to strengthen future cash flow,” said Hadian. On the other hand, he continued, the company’s business diversification strategy has proven to provide positive contributions to revenue stability, with the property segment recording revenue of Rp40.11 billion. “The success of this non-construction business line has further strengthened the company’s liquidity, as reflected in the cash and cash equivalents position that remains stable at Rp391.13 billion at the end of 2025,” said Hadian. Regarding the recording of a net loss for the year of Rp630.25 billion in 2025, Hadian explained that this was the result of the company’s proactive steps in applying conservative accounting principles. “This step is implemented through the recognition of financial asset impairments and provisions for work in progress as part of the balance sheet cleaning strategy,” said Hadian. In addition, the company implemented a deleveraging strategy, reflected in the improved gearing ratio to 0.07 times in 2025 from 0.18 times in 2024, as well as a debt-to-equity ratio (DER) maintained at 1.05 times. “This policy is taken consciously to ensure that the company’s financial statements reflect real and transparent asset values. Through the optimisation of financial instruments and the arrangement of historical accounts, we hope that the 2026 balance sheet will already reflect a much healthier and credible condition,” said Hadian.