JAKARTA, Might 7, 2025 – (ACN Newswire) – The development business is underneath stress by difficult international financial circumstances. That is mirrored by new contracts secured by PT Wijaya Karya (Persero) Tbk (WIKA) of solely Rp2.16 trillion, which is decrease in comparison with the identical interval the earlier yr. Nevertheless, the Firm booked Rp4.84 trillion in gross sales, comprising Rp3.11 trillion from non-joint operation initiatives (Proyek Non-Kerjasama Operasi) and Rp1.73 trillion from joint operation initiatives (Proyek Kerjasama Operasi, “KSO”).

Gross sales had been primarily generated from the constructing and infrastructure phase, EPC, construction-related industries, and actual property property. The gross sales achievement enabled WIKA to ebook a gross revenue of Rp393.46 billion, of which Rp231.33 billion got here from non-KSO initiatives and the rest from KSO initiatives.

WIKA’s constant restructuring efforts have efficiently lowered money owed on its stability sheet to monetary establishments and enterprise companions by Rp1.47 trillion in Q1-2025 in contrast with 2024.

These optimistic achievements had been additionally adopted by proposals that had been authorised by bondholders, particularly for the Wijaya Karya Shelf Registration Bond II Part II Yr 2022. This displays stakeholders’ help for the Firm’s ongoing restructuring plans. Because of the approval, the credit standing company, PT Pemeringkat Efek Indonesia (PEFINDO), upgraded WIKA’s Shelf Registration Bond II Part II Yr 2022 Sequence A ranking from idD to idCCC. Nevertheless, the Firm should search help from sukukholders of the Wijaya Karya Shelf Registration Sukuk Mudharabah II Part II Yr 2022 to approve the proposals introduced, that are a part of the Firm’s restructuring plans.

“The Firm expresses its deepest appreciation for the belief and help given by stakeholders. The continuing restructuring plans aren’t solely centered on bettering our monetary construction but in addition on strengthening our fundamentals and operations to achieve better excellence and preserve enterprise sustainability,” stated Agung BW, President Director of WIKA.

PT Wijaya Karya (Persero) Tbk. [IDX: WIKA]

Contact: 
Mahendra Vijaya
Sekretaris Perusahaan
E-mail: mahendra.v@wikamail.id 

Matter: Press launch abstract

Supply: PT Wijaya Karya (Persero) Tbk.

Sectors: Transport & Logistics, Assemble, Engineering

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