PTPP Records A New Contract Of IDR 6.275 Trillion In The First Quarter Of 2025

JAKARTA - PT PP (Persero) Tbk (PTPP) until the first quarter of 2025 managed to record a new contract value of IDR 6.275 trillion, an increase of 32 percent year-on-year (YoY) or compared to the same period in the previous year.

On a target basis, PTPP's new contract value until March 2025 managed to exceed 151 percent of the target in the first quarter of 2025, and has reached 21 percent of the target by the end of 2025.

The acquisition of the new contract value is dominated by projects with SOE sources of 52.1 percent, the private sector at 28.6 percent, and the government at 19.3 percent.

The highest new contract acquisition is in the port sector at 37.2 percent, buildings at 32.9 percent, roads and bridges at 22.6 percent, dams at 4.3 percent, irrigation at 2.8 percent, and oil and gas at 0.3 percent.

The new contract achievements achieved by PTPP in March 2025 include the section II New Priok East Access (NPEA) Project worth IDR 2.33 trillion and the PIK Mandiri Financial Center Project worth IDR 878.3 billion.

PTPP Corporate Secretary, Joko Raharjo said that there was a project with a jumbo contract value that PTPP managed to obtain at the end of the first quarter of 2025 so that there was a significant increase in the achievement of the new contract value from the previous one reported in February 2025.

"In March 2025, PTPP received one of the port projects that have a jumbo contract value, namely the NPEA Section II project with a value of IDR 2.33 trillion. Thus, there was an increase of 116 percent from the contract value acquisition from February 2025," said Joko, Thursday, April 17.

Furthermore, with PTPP's contract value bookkeeping increasing positively, Joko is optimistic about PTPP's performance at the end of 2025.

"With this achievement, the Company will continue to focus on achieving marketing targets until the end of 2025," concluded Joko.