Exceed Target, HK Net Profit Reaches IDR 464 Billion to Q1-2026

JAKARTA - PT Hutama Karya (Persero) or HK recorded consolidated net profit of IDR 464 billion in the first quarter of 2026, exceeding the Company's Work Plan and Budget (RKAP) target of IDR 269 billion.

This achievement was driven by cost control discipline and the strengthening of the toll road operating segment in the midst of global market dynamics.

Profit contribution comes from two main segments, namely toll road operations with Earnings After Tax (EAT) of IDR 333 billion and PT Hutama Karya Infrastructure or HKI subsidiaries which contributed IDR 167 billion.

The performance also increased compared to the same period last year by Rp448 billion.

In terms of finances, the total consolidated assets of HK were recorded at Rp189.84 trillion.

The company's equity grew 2.31 percent year-on-year to Rp141.64 trillion, while total debt was successfully suppressed by 15.34 percent year-on-year. The value of the order book reached Rp36.37 trillion with a dominance of government projects.

Revenue in the first quarter of 2026 was recorded at IDR 4.67 trillion or 82.11 percent of the RKAP target.

The Company continues to prioritize selectivity in the acquisition of new contracts with a focus on strategic value projects.

In the Trans Sumatra Toll Road (JTTS) construction sector, the physical progress continues with a total length of toll road built reaching 1,108 kilometers (km) by the end of the first quarter of 2026.

The addition of 10.1 km of roads occurred during this period, with some still in active construction stages such as Betung-Jambi, Rengat-Pekanbaru and Palembang-Betung.

Hutama Karya President Director Koentjoro said that this achievement shows the company's business resilience in the midst of global economic pressures, including commodity price volatility, exchange rate dynamics and the potential for slowing global growth.

"In the midst of global uncertainty, we have proven that infrastructure managed with financial discipline is a bulletproof investment," said Koentjoro as quoted from a written statement, Monday, April 27.

To maintain performance throughout 2026, the Board of Directors has set four strategic pillars, namely strengthening cost control discipline, optimizing energy utilization, making measurable business decisions, and improving human resources (HR) competence.

Hutama Karya emphasized that it would continue to maintain and improve business performance and corporate governance to provide reliable and beneficial infrastructure for the community.