WIKA Holds 2025 Annual Shareholders' Meeting, Focuses on Strengthening Fundamentals and Liquidity
Jakarta (ANTARA) - PT Wijaya Karya (Persero) Tbk (WIKA) held the Annual General Meeting of Shareholders (AGM) for the 2025 Fiscal Year on Monday, 11 May 2026, at WIKA Tower 2, East Jakarta. The meeting was attended by shareholders, the Board of Commissioners, the Board of Directors, and other company stakeholders.
In the presence of the shareholders, the company reported that throughout 2025, WIKA faced challenges from the declining condition of the national construction industry market, which impacted the acquisition of new contracts, sales, and cash receipts. In response to this situation, WIKA focused its corporate strategy on strengthening the capital structure, optimising liability management, accelerating collections, and controlling expenses through the principles of cash focused, lean, and fit for future.
Amid the recovery process, WIKA still managed to maintain business continuity with several positive achievements. The company recorded an increase in Gross Profit Margin (GPM) from 7.9% in 2024 to 8.5% in 2025. Additionally, the company successfully reduced trade debt by Rp1.79 trillion and interest-bearing debt by Rp2.08 trillion. The value of the company’s receivables also decreased by Rp1.89 trillion to Rp4.58 trillion.
Throughout the 2025 fiscal year, WIKA booked new contracts worth Rp17.46 trillion and contracts in hand worth Rp50.55 trillion. The company’s sales were recorded at Rp20.44 trillion with total assets reaching Rp50.15 trillion.
The 2025 AGM also approved eight agenda items, including the company’s Annual Report for the 2025 Fiscal Year, which encompasses the Supervisory Duties Report of the Board of Commissioners, as well as the ratification of the Company’s Consolidated Financial Statements and the Financial Statements of the Micro and Small Business Funding Programme (PUMK) for the 2025 Fiscal Year.
On other agendas, the company also reported the realisation of the use of funds from the Public Offering through the Second Additional Paid-in Capital with Pre-emptive Rights (PMHMETD II) and additional State Equity Participation (PMN) up to the 2025 Fiscal Year. From the total PMHMETD II funds of Rp6.08 trillion, the company has realised the use of funds amounting to Rp5.7 trillion in accordance with the prospectus.
The AGM also approved changes to the Company’s Articles of Association, delegation of authority for approval of the Long-Term Corporate Plan (RJPP) for 2026–2030 and the Work Plan and Budget (RKAP) for 2027, changes to the Wijaya Karya Pension Fund Regulations for the Defined Benefit Pension Programme, and changes to the composition of the company’s management.
The composition of the Board of Commissioners and Board of Directors ratified at the AGM is as follows:
Board of Commissioners
President Commissioner: Apri Artoto
Independent Commissioner: Suryo Hapsoro Tri Utomo
Independent Commissioner: Adityawarman
Independent Commissioner: Harris Arthur Hedar
Commissioner: Suwarta
Board of Directors
President Director: I Ketut Pasek Senjaya Putra
Director of Human Resources Management and Transformation: Hadjar Seti Adji
Director of Operations I: Hananto Aji
Director of Operations II: Sonny Setyadhy
Director of Risk Management and Legal: Vera Kirana
Finance Director: Mulyadi
The company continues to strengthen its financial structure through three main pillars of recovery acceleration, namely comprehensive restructuring, divestment of assets and receivables recovery, and enhancement of operational excellence. These steps are focused on maintaining financial stability and cash flow as the foundation for sustainable performance. The divestment is carried out selectively on non-core assets that have potential added value for the company.
The 2025 Fiscal Year AGM is part of WIKA’s commitment to continuously strengthen corporate governance, maintain transparency and accountability, and continue business transformation to support sustainable business continuity amid the dynamics of the national construction industry.