WIKA Records A New Contract Of IDR 6.19 Trillion, Reducing Debt And Strengthening Business Fundamentals

JAKARTA - PT Wijaya Karya (Persero) Tbk (WIKA) recorded a new contract of Rp6.19 trillion. The issuer with the code WIKA also managed to record sales of Rp9.09 trillion until September 2025.

The majority of sales contributions came from the infrastructure and building segments by 39 percent. Then, also followed by the EPCC of 25 percent, industry supporting construction of 29 percent, and realty, property, and investment.

President Director of WIKA, Agung Budi Waskito emphasized that this achievement was referred to as the result of the company's consistent efforts to maintain business fundamentals to remain competitive and productive amid the challenges of the national construction industry.

The company, continued Agung, continues to run eight restructuring substreams, including improving governance and improving the portfolio order book. In addition, the four main pillars of improving cash flow are also the focus, namely debt restructuring, non-core asset recycling on long-term investment participation, acceleration of receivable disbursement, and the implementation of operational excellence in all business lines.

Thanks to this step, until the third quarter of 2025, WIKA managed to reduce interest debt by IDR 2.20 trillion and the debt of partners of IDR 924.58 billion compared to the same period the previous year.

The company also succeeded in reducing Account Receivable Days (receivable turnover effectiveness) and Account Payable Days (debt payment effectiveness) to 127 days and 158 days, from the same period the previous year, namely 142 days and 196 days.

"The impact of these efforts makes operating activities more efficient, reflected in the ability to keep the Company's core operations positive at IDR 287.83 billion," he said.

Agung emphasized the importance of efforts to improve fundamentals and obtain stakeholders support in the midst of current infrastructure conditions.

"It is important for WIKA to achieve strong financial fundamentals through innovation and transformation steps, to carry out business efficiently in the midst of current challenging conditions," he said.

"In addition, we are also actively building intensive communication with our stakeholders, because support from all parties is needed so that these strengthening and restructuring steps can run well," continued Agung.