PT Kawasan Industri Jababeka (KIJA) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached Rp 1,290.96 billion, up 87% year-over-year, with net profit of Rp 200.48 billion compared to a net loss of Rp 107.67 billion in Q1 2024.

• Gross profit more than doubled to Rp 540.83 billion, driven by strong real estate and power plant segments.

• Net profit attributable to owners was Rp 43.24 billion, reversing a loss of Rp 125.44 billion in the prior year period.

• Cash and cash equivalents increased to Rp 2,587.86 billion as of March 31, 2025, from Rp 2,048.50 billion at year-end 2024.

• Total assets grew to Rp 14,444.70 billion, with equity at Rp 7,739.88 billion and liabilities at Rp 6,704.82 billion.

Financial highlights

• Sales and service revenue rose sharply, led by developed land (Rp 638.49 billion) and power plant (Rp 384.18 billion).

• Cost of sales and service revenue was Rp 750.14 billion, up from Rp 426.92 billion year-over-year.

• Gross margin improved to 41.9% from 38.1% in Q1 2024.

• Basic earnings per share was Rp 2.11, compared to a loss per share of Rp 6.11 in Q1 2024.

• Operating cash flow for the quarter was Rp 693.35 billion, up from Rp 416.63 billion in Q1 2024.

Outlook and guidance

• Management continues to focus on maintaining a healthy gearing ratio, which improved to 29.85% from 36.48% at year-end 2024.

• The group aims to sustain growth in real estate and power plant segments while managing financial risks and capital structure.