WIKA's Strategy to Address the Decline in the Construction Industry Sector
JAKARTA, KOMPAS.com - The national construction market is experiencing a downturn. This condition is impacting the acquisition of new contracts, sales, and cash receipts for companies operating in the construction sector.
In response to this, PT Wijaya Karya (Persero) Tbk (WIKA) is focusing its strategy on strengthening capital structure, optimising liability management, accelerating collections, and controlling expenses through the principles of cash focused, lean, and fit for future.
This was conveyed during the Annual General Meeting of Shareholders (AGMS) for the 2025 Fiscal Year, held at WIKA Tower 2, East Jakarta, on Monday (11/05/2026).
These steps are aimed at maintaining financial stability and cash flow as the foundation for sustainable performance. Selective divestments are being carried out on non-core assets that have the potential to add value to 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.
In addition, the company succeeded in reducing trade debt by Rp 1.79 trillion and interest-bearing debt by Rp 2.08 trillion. The company’s receivables also decreased by Rp 1.89 trillion to Rp 4.58 trillion.
Throughout the 2025 fiscal year, WIKA booked new contracts worth Rp 17.46 trillion and contracts on 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.
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 Capital Injection (PMN) up to the 2025 Fiscal Year.
From the total PMHMETD II funds of Rp 6.08 trillion, the company has realised the use of funds amounting to Rp 5.7 trillion in accordance with the prospectus.
The AGMS also approved changes to the company’s management structure. The following is the approved composition of the Board of Commissioners and Board of Directors of WIKA at the 2025 Fiscal Year AGMS:
Board of Commissioners:
Board of Directors: