WIKA Reduces Receivables by Rp 1.89 Trillion, Focuses on Improving Cash Flow
JAKARTA, KOMPAS.com - PT Wijaya Karya (Persero) Tbk (WIKA) reduced its receivables by Rp 1.89 trillion to Rp 4.58 trillion throughout fiscal year 2025, amid efforts to strengthen liquidity and maintain the company’s cash flow.
Quoted from the official statement of the Annual General Meeting of Shareholders (AGMS) for Fiscal Year 2025 held at WIKA Tower 2, East Jakarta, on Monday (11/05/2026), the company stated that the national construction industry market conditions throughout 2025 experienced a decline, impacting the acquisition of new contracts, sales, and cash receipts.
In addition to reducing receivables, the company also successfully lowered trade payables by Rp 1.79 trillion and interest-bearing debt by Rp 2.08 trillion.
Amid the recovery process, WIKA recorded an increase in gross profit margin (GPM) from 7.9 percent in 2024 to 8.5 percent in 2025.
Throughout fiscal year 2025, WIKA booked new contracts worth Rp 17.46 trillion and contracts in hand amounting to Rp 50.55 trillion.
Meanwhile, the company’s sales were recorded at Rp 20.44 trillion, with total assets reaching Rp 50.15 trillion.
The AGMS also approved eight agenda items, including the Company’s Annual Report for Fiscal Year 2025, which encompasses the supervisory 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 Fiscal Year 2025.
From the total PMHMETD II funds of Rp 6.08 trillion, the company has realised fund usage of Rp 5.7 trillion in accordance with the prospectus.
WIKA stated that it will continue to strengthen its financial structure through three main pillars of recovery acceleration, namely comprehensive restructuring, asset divestment and receivables recovery, as well as enhancing operational excellence.
These steps are focused on maintaining financial stability and cash flow as the foundation for sustainable performance.
In the AGMS, shareholders also approved amendments to the Company’s Articles of Association, delegation of authority for approval of the Long-Term Business Plan (RJPP) for 2026-2030 and the Work Plan and Budget (RKAP) for 2027, amendments to the Wijaya Karya Pension Fund Regulations for the Defined Benefit Pension Programme, as well as changes to the composition of the company’s management.