WIKA Restructuring: New Composition of Board of Commissioners and Directors
JAKARTA, KOMPAS.com - PT Wijaya Karya (Persero) Tbk (WIKA) is continuing its restructuring steps and strengthening of the company’s financial structure amid pressures in the national construction industry throughout 2025.
This was conveyed at the Annual General Meeting of Shareholders (RUPST) for the 2025 Fiscal Year, held at WIKA Tower 2, East Jakarta, on Monday (11/05/2026).
[Note: The original article appears to have placeholders for the Board of Commissioners and Directors lists, which are not detailed here.]
In the meeting, the company stated that the national construction market conditions are experiencing a decline, impacting the acquisition of new contracts, sales, and cash receipts.
In response to these conditions, WIKA is focusing its 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.
The company is also continuing to strengthen its financial structure through three main pillars of recovery acceleration, namely comprehensive restructuring, divestment of assets and recovery of receivables, as well as enhancing operational excellence.
These steps are focused on maintaining financial stability and cash flow as the foundation for sustainable performance. Asset divestments are carried out selectively on non-core assets that have potential added value for the company.
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.
Additionally, the company successfully reduced trade payables by Rp1.79 trillion and interest-bearing debt by Rp2.08 trillion. 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 amounting to Rp50.55 trillion.
Meanwhile, the company’s sales were recorded at Rp20.44 trillion, with total assets reaching Rp50.15 trillion.
The RUPST 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 Financing Programme (PUMK) for the 2025 Fiscal Year.
Furthermore, the company reported the realisation of the use of funds from the Public Offering through Additional Capital with Pre-emptive Rights II (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.