New Contracts Up 32 Percent In The First Quarter Of 2025, PT PP Rai Proyek Jumbo

Rupiah (photo: dock. Antara)

JAKARTA - PT PP (Persero) Tbk managed to record a contract worth IDR 6.275 trillion until the first quarter of 2025, up 32 percent when compared to the same period in the previous year.

"In March 2025, PT PP received one of them a port project that has a jumbo contract value," said PTPP Corporate Secretary Joko Raharjo quoting Antara.

The project is a 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.

The jumbo-valued projects led to the achievement of contract value in March 2025 which jumped by 116 percent from the contract value from February 2025.

With the positive increase in PT PP contract value bookkeeping, Joko is optimistic about PT PP'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," he said.

On a target basis, PTPP's new contract value until March 2025 managed to exceed 151 percent of the target in the 1st 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.

PT PP (Persero) Tbk (emiten code: PTPP) is one of the state-owned construction companies in Indonesia that was founded in 1953. Currently, PTPP has 7 (seven) integrated business lines, ranging from upstream, middlestream, to downstream, which includes energy, property, infrastructure, construction services, engineering, procurement, and construction (EPC), heavy equipment, and preprints.