Waskita Karya (WSKT) Bags New Contracts of IDR 12.52 Trillion Throughout 2025, Here's the Source
PT Waskita Karya (Persero) Tbk (WSKT) recorded a new contract value of IDR 12.52 trillion throughout 2025. The acquisition increased from the previous year and reflected a more stringent project selection strategy.
The Company emphasizes a cautious approach to taking on projects to maintain cash flow and reduce financial risks.
Waskita Karya Corporate Secretary Ermy Puspa Yunita said that the addition of new contracts was carried out selectively by considering the payment scheme and project risk profile.
"Until 2025, we also continue to add new contracts but are more selective, such as monthly payments and avoiding turnkey projects. Through the construction management committee, the company ensures that the projects to be managed are not burdened in terms of finances and low risk," said Ermy in a written statement, Thursday, April 2.
The acquisition of new contracts increased from IDR 9.55 trillion in 2024 and was dominated by government projects, ranging from irrigation networks, the construction of People's Schools to the construction of regional hospitals.
In terms of operations, by the end of 2025, WSKT will manage 63 projects with a total contract value of IDR 31.7 trillion.
In line with this strategy, the company also recorded consolidated revenue of IDR 8.85 trillion. The largest contribution came from the connectivity segment of IDR 3.3 trillion, followed by water resources of IDR 1.4 trillion and buildings of IDR 1.2 trillion.
The company also recorded gross profit of IDR 1.58 trillion or up around 12 percent compared to the previous year. Gross profit margin also increased to 18 percent from the previous 13 percent.
"The increase in gross profit was achieved by Waskita thanks to the project's operational efficiency strategy. Not only in the parent company, but also in its subsidiaries," he said.
The company also still recorded a main burden of income of IDR 7.2 trillion or around 82 percent of total income. This is influenced by the completion of old projects which still require additional costs until 2026.
To support efficiency, Waskita integrates digital systems such as ERP SAP S/4 HANA with Building Information Modelling and artificial intelligence-based technology.
On the financial side, the company reduced liabilities by IDR 2.21 trillion throughout 2025 through asset divestment and portfolio optimization.
According to Ermy, the company's focus going forward is to strengthen liquidity and return to its core business as a pure contractor.
"This debt reduction effort is in line with the Financial Health Plan (RPK) strategy that has been approved at the General Meeting of Shareholders (RUPS). In the future, we are committed to returning to our core business as a pure contractor, in order to create more sustainable operational activities," he concluded.