PT Lippo Karawaci Tbk (LPKR) Q1 2026 earnings summary

Executive summary

• Total revenue for Q1 2026 was IDR 1.80tn, down 13% YoY, with underlying NPAT at IDR 185bn and NPAT at IDR 107bn, reflecting a 37% YoY decline.

• Real Estate and Lifestyle segments supported topline, while Healthcare delivered strong growth with Siloam's revenue up 8% YoY and EBITDA up 12% YoY.

• Total assets as of March 31, 2026 were Rp48,702.2 billion, slightly down from Rp49,247.2 billion at December 31, 2025.

• The group maintained a strong capital structure with a net liabilities to adjusted equity ratio of 0.63.

• Net profit attributable to owners was Rp107.1 billion, a 36.8% decrease from Rp169.5 billion in Q1 2025.

Financial highlights

• EBITDA margin improved to 19% from 18% YoY, despite a 10% YoY decline in EBITDA to IDR 337bn.

• Gross profit for Q1 2026 was IDR 793bn, down 2% YoY; operating profit fell 19% to IDR 213bn.

• Cash at end of Q1 2026 was IDR 1,615bn, down 42% from Q1 2025.

• Basic EPS for Q1 2026 was Rp1.51, compared to Rp2.39 in Q1 2025.

• Net cash used in operating activities was IDR 499bn for Q1 2026.

Outlook and guidance

• Marketing sales reached IDR 1.95tn, achieving 32% of the FY26 target, with continued focus on affordable and mid-market housing.

• Management expects sustained demand in key regions and ongoing operational efficiencies.

• Management continues to focus on capital efficiency, profitability, and strategic investment opportunities.

• No dividend distribution for FY2024; reserve fund allocation of Rp1,000 million approved.

• The group is reviewing the impact of new tax regulations effective from 2025.