PT Pakuwon Jati, Tbk.
Kode Saham: PWON.IJ (Bloomberg), PWON.JK (Reuters)
First Semester 2025, Net Profit PWON Grows 33%

 

Financial Performance 1st Semester 2025

PT Pakuwon Jati (PWON) records net revenue in first semester of 2025 of Rp 3.37 trillion, an increase of 3% compared to same period last year of Rp 3.26 trillon. Gross Profit at Rp 1.88 trillion is 2% better than same period last year of Rp 1.85 trillion. EBITDA of Rp 1.82 trillion is at 2% increase compared to last year of  Rp 1.79 trillion. Net profit is recorded at Rp 1.39 trillion, 33% better than last year of Rp 1.05 trillion.

 

Company’s Recurring revenue 1H 2025 amounted to Rp 2.69 trillion, 10% increase compared to same period last year of Rp 2.45 trillion. This recurring revenue consist of revenue from retail mall of Rp 1.93 trillion, a 15% increase compared to Rp 1.69 trillion last year, office leasing revenue of Rp 147 billion that decreased by 6% compared to same period last year of Rp 157 billion, and revenue from hospitality at Rp 618 billion, a 2% increase compared to Rp 608 billion same period last year. 

Breakdown of Revenue per segment reveals that retail leasing accounts for 57%, hotel and serviced apartment 18%, office leasing 4%, condominium 12%, landed house 8% and office sales 1%.

 

Marketing Sales 1H2025

Company reported marketing sales in 1H2025 of Rp 603 billion, a 22% decrease from Rp 770 billion from the same period last year.

Notably, 75% of the total marketing sales derived from government’s PPNDTP incentive program that was in force since the last quarter of 2023. 

Sales composition in 1H2025 includes 41% from landed houses and 59% from sales of condominiums and office units. 

 

Capital Expenditure

Capital expenditure for 1H2025 amounts to Rp 478   billion, mainly used to fund Pakuwon Mall Bekasi and Pakuwon City Mall Phase 3 Surabaya construction project.

 

Pakuwon Jati Overview

Pakuwon Jati Tbk (PWON: IDX) is a real estate developer with over 42 years of experience in developing and operating properties in Indonesia. Established in 1982 and listed on the Jakarta Stock Exchange since 1989, Pakuwon Jati is a geographically diversified real estate developer with properties in Surabaya, Jakarta, Bekasi, Yogyakarta, Solo, Bali, Semarang and Batam. Its key portfolio includes shopping mall, residential, office building and hospitality developments. The Company is vertically integrated across the entire real estate value chain from land acquisition, property development, marketing to operational management. Pakuwon Jati is the pioneer of Superblock concept in Indonesia, a large-scale integrated development comprising retail shopping centres, offices, condominiums, and hotels, with proven track record and strong reputation in the property industry enabling the Company to establish long-term relationships with tenants and buyers, providing a solid foundation for rapid business expansion.

Below is the Company’s portfolio:

  • Gandaria City Superblock, Jakarta (retail shopping center, apartment, office building and hotel)
  • Kota Kasablanka Superblock, Jakarta (retail shopping center, apartment, and office building)
  • Somerset Berlian, Jakarta (serviced apartment)
  • Blok M Plaza, Jakarta (retail shopping center)
  • Tunjungan City Superblock, Surabaya (retail shopping center, apartment, office building and hotel)
  • Pakuwon Mall Superblock, Surabaya (retail shopping center, apartment, serviced apartment, and hotel) and Pakuwon Mall Mansion phase 5 (3 apartment towers) which is under construction
  • Royal Plaza, Surabaya (retail shopping center)
  • Pakuwon City township (landed residential) and Educity apartment in East Surabaya
  • Pakuwon City Mall Superblock (retail shopping centre, apartments and hotel) in East Surabaya
  • Grand Pakuwon township (landed residential) and Food Junction (Culinary & leisure destination), in West Surabaya
  • Pakuwon Mall Bekasi Superblock, (retail shopping center, apartments and hotel)
  • Pakuwon Mall Jogja and Yogyakarta Marriott Hotel (retail shopping center and hotel)
  • Pakuwon Mall Solo Baru (retail shopping center)
  • Four Points by Sheraton Bali, Kuta (hotel)

 

For further information, please contact:

Minarto Basuki (Director and Corporate Secretary) 

PT Pakuwon Jati, Tbk.
Pakuwon City Mall 5th Floor 
Jl. Kejawan Putih Mutiara No. 17, Surabaya
Telp : (6231) 99218800
Email: corpsec@pakuwon.com
Website: www.pakuwonjati.com