IIF Holds GMS For The 2024 Fiscal Year

Photo: Doc. PT Indonesia Infrastructure Finance (IIF)

JAKARTA - PT Indonesia Infrastructure Finance (IIF) held an Annual General Meeting of Shareholders (AGMS) on Tuesday, April 29, 2025. The meeting discussed and approved five agenda items including approval of Annual Reports and Financial Reports including the Board of Commissioners Supervision Report for the Fiscal Year ending on December 31, 2024 and the use of the Company's net profit in 2024.

For information, the Company recorded a net profit growth of 17.63 percent to Rp122.51 billion in 2024 compared to 2023 of Rp104.15 billion, or 2.07 percent above the 2024 budget of Rp120.03 billion.

The achievement of net profit was supported by the Company's operating income in 2024 which increased 3.70 percent to Rp1.39 trillion compared to 2023 of Rp1.34 trillion.

The average income and profit growth rate (CAGR) of IIF during the five-year period each reached 11 percent and 30 percent. In terms of capital, the average IIF annual growth rate during this period reached 11 percent.

Head of Legal & Corporate Secretary IIF, Nastantio W. Hadi said, during 2024, the Company has played an important role in realizing sustainable infrastructure development financing.

"The total commitment to new financing has increased by 11 with a total value of Rp3.93 trillion, an increase of 13.52 percent compared to 2023 of Rp3.46 trillion. The financing commitment includes the clean water sector, special economic areas, toll roads, telecommunications, social infrastructure, and gas infrastructure," he said, in a written statement, Wednesday, April 30.

From the advisory service, the Company obtained 10 new mandates with a contract value of Rp39 billion which included 6 mandates for the service of ESG advisory, 3 mandates for financial advisory services and 1 mandate for equity investment.

With a strong financial foundation and a commitment to ESG principles, IIF is ready to support the acceleration of national infrastructure development in order to encourage inclusive and sustainable economic growth.