WIKA Reduces Debt by Rp3.87 Trillion Throughout 2025
PT Wijaya Karya (Persero) Tbk (WIKA) continues to implement its transformation and financial health initiatives consistently. Throughout 2025, the company recorded new contracts worth Rp17.46 trillion, contributing to a total ongoing contracts value of Rp50.52 trillion.
From these ongoing contracts, the company posted sales of Rp20.45 trillion, comprising non-Joint Operation (KSO) sales of Rp13.33 trillion and KSO sales of Rp7.12 trillion, resulting in a gross profit of Rp1.13 trillion. The company’s Gross Profit Margin (GPM) improved from 7.9% in 2024 to 8.5% in 2025.
This margin increase primarily stems from the company’s core businesses in infrastructure and buildings, as well as EPCC. WIKA’s operational strengths and project management are demonstrated by a positive operational EBITDA of Rp426.52 billion.
WIKA’s Corporate Secretary, Ngatemin (Emin), stated that the company is continuously working to enhance operational performance and improve its capital structure.
“The enhancement of operational performance and consistent capital structure improvements through eight financial health streams form a crucial foundation for maintaining the company’s competitiveness and sustainability. This year, the company will continue to pursue comprehensive restructuring to reduce the financial burden from executed assignments and divest non-profitable assets,” said Emin in an official statement on Friday (3/4/2026).
This reflects improving operational performance (operational excellence) amid the ongoing restructuring process. On the financial side, the company is also realising efforts to improve its financial structure, recording a reduction in trade debt of Rp1.79 trillion and interest-bearing debt of Rp2.08 trillion, or decreases of 29.5% and 5.9% respectively compared to the previous year.
This condition demonstrates the company’s capability in superior and sustainable project management, as well as its commitment to continuously reducing liabilities and maintaining cash flow balance amid industry pressures. In addition to pursuing operational excellence and capital structure improvements, through its eight financial health streams, the company is also accelerating receivables resolution via legal mediation and collection efforts.
This is evidenced by the company’s success in reducing receivables by Rp1.89 trillion, or 29.2%, to Rp4.58 trillion, and work-in-progress construction value by Rp1.15 trillion, or 34.6%, in 2025.
Furthermore, Emin conveyed that the company believes its transformation steps require support from various parties, including shareholders, creditors, business partners, and all other stakeholders. To this end, the company will continue intensive communication with the majority shareholder to obtain necessary support, as well as with all creditors to back the company’s health plan.