PT Kawasan Industri Jababeka (KIJA) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024 reached Rp 3.37 trillion, up from Rp 2.29 trillion year-over-year.

• Net profit for the period was Rp 769.7 billion, a significant increase from Rp 231.9 billion in the same period last year.

• Basic earnings per share rose to Rp 23.80 from Rp 3.19 year-over-year.

• The Group maintained a strong capital structure, reducing its gearing ratio to 36.05% from 52.23% at year-end 2023.

• The Group continued to expand its business segments, with notable growth in real estate and power plant operations.

Financial highlights

• Revenue increased 47% year-over-year to Rp 3.37 trillion, driven by higher sales in developed land and power plant segments.

• Gross profit rose to Rp 1.41 trillion from Rp 1.02 trillion year-over-year.

• Net profit attributable to owners of the parent was Rp 488.6 billion, up from Rp 65.5 billion year-over-year.

• Total assets grew to Rp 13.78 trillion as of September 30, 2024, compared to Rp 12.95 trillion at year-end 2023.

• Total equity increased to Rp 7.54 trillion from Rp 6.93 trillion at year-end 2023.

Segment performance

• Real estate segment contributed Rp 1.86 trillion in revenue and Rp 953 billion in gross profit.

• Power plant segment generated Rp 908.9 billion in revenue and Rp 245.6 billion in gross profit.

• Service and maintenance, golf, and tourism segments also showed positive contributions to overall results.