Encourage Growth 2025, Intiland Focuss On Industrial Estates After Reshuffle Of Directors And Commissioners

Intiland AGMS press conference (Photo: Aris Nurjani/VOI)

JAKARTA The property development company, PT Intiland Development Tbk (DILD) has held an Annual General Meeting of Shareholders (GMS) for the 2024 financial year.

As for the Annual GMS, DILD appointed Sofyan A. Djalil, who was previously the Deputy President Commissioner and Independent Commissioner of the Company, served as the new President Commissioner and Independent Commissioner.

Meanwhile, the Deputy President Commissioner was entrusted to Sinarto Dharmawan, who previously served as President Commissioner.

In addition, the Company also strengthens its supervisory function by appointing Alexander S. Rusli to the ranks of the Board of Commissioners as Independent Commissioners.

Intiland Corporate Secretary Theresia Rustandi expressed his appreciation to shareholders who have approved all the GMS agenda proposed by the Company.

Theresia conveyed that the Company affirms its commitment to improving business performance and implementing good corporate governance in order to create long-term value for shareholders.

"Shareholders positively welcome the Company's strategic plan to face the increasingly dynamic challenges of the property industry. The approval of the entire meeting agenda reflects shareholder confidence in the direction and business strategy run by management," Theresia said at the 2025 Annual GMS press conference at Intiland Tower, Wednesday, May 28.

In connection with the end of the term of office of the Board of Directors and the Board of Commissioners of the Company in 2025, the Company received shareholder approval to make changes to the composition of the Board of Directors and Board of Commissioners for the five-year term from 2025 to 2030.

Theresia revealed that the Annual GMS also approved changes to the composition of the Board of Directors by establishing Archied Noto Pradono as President Director of the Company where in the previous period he served as Director of Capital Management and Investment.

In addition, the Company also appointed Simon Joseph Wirawan to the ranks of the new Board of Directors who previously held the position of director of PT Intiland Grande, a subsidiary of Intiland.

The following is the composition of members of the Board of Commissioners and Directors of the Company for the period 2025-2030:

Board of Commissioners

President Commissioner and Independent Commissioner: Dr. Sofyan A. Djalil Deputy President Commissioner: Sinarto DharmawanIndependent Commissioner: Friso PalilinganIndependent Commissioner: Alexander S. Rusli

Directors

President Director: Archied Noto Pradono Deputy President Director: Main Gondokusumo Director: Novita Anggriani Director: Simon Joseph Wirawan

Intiland President Director Archied Noto Pradono revealed that the appointment of members of the new Board of Directors and Board of Commissioners is in line with Intiland's long-term growth strategy and direction.

According to him, the composition of the members of the Board of Directors and the Board of Commissioners has carefully considered the experience, expertise, governance, and leadership that suits the needs of the Company.

"The management ranks are responsible for ensuring that the strategy, governance, and transformation process run well, as well as being more focused and ready for sustainable growth," he said.

Archied said that with the diversity of background and relevant expertise, he would make a positive contribution in encouraging long-term growth and the transformation of Intiland's business going forward.

Through the Annual GMS, the Company's shareholders also approved the use of net profit for the financial year ending December 31, 2024, amounting to IDR 174.7 billion.

Furthermore, from the net profit, Rp2 billion was used as the Company's mandatory reserve fund and the remaining net profit of Rp172 billion would be recorded as retained earnings.

"Considering the Company's condition and the need for business development, the Company has decided not to distribute dividends on profits in 2024," he said.

Archied said Intiland posted the results of a solid sales performance achievement in the first quarter of 2025.

According to him, one of the main factors that encourages pre-sales revenue or marketing sales is a significant increase in the industrial estate segment.

"This segment continues to show a positive trend amid increasing demand from investors and industry players," he added.

Archied said the Company posted marketing sales of IDR 469.2 billion in the first quarter of 2025, an increase of 84.7 percent compared to the same period last year of IDR 254 billion.

According to him, the largest contributor came from the industrial estate development segment which posted sales of IDR 411.6 billion, or an increase of 400 percent compared to the same period in 2024.

In addition, he said the surge was driven by sales of industrial land at Batang Industrial Park and warehousing at Aeropolis Technopark, Tangerang.

Archied said that the industrial estate segment was one of the main growth pillars for Companies in the midst of the dynamics that occurred in the property industry.

According to him, the increase in demand for land is driven by the need for business expansion, development of the manufacturing sector, and increasing investment from within and outside the country.

"We see an increase in demand for industrial land, along with investment growth in the manufacturing and logistics sectors," he explained.

He conveyed that the Company will focus on developing a high competitive industrial estate segment by providing infrastructure and supporting facilities that meet the needs of business people.

Meanwhile, the Company is currently developing and managing two strategic industrial areas, namely Ngoro Industrial Park (NIP) in Mojokerto, East Java and Batang Industrial Park (BIP) in Batang Regency, Central Java.

In addition, the Company is also developing and managing the Aeropolis Technopark warehouse area, which is located in the Aeropolis integrated development area, Tangerang.

Archied said the Company believes that the potential for industrial estates in Indonesia will continue to grow in line with government policies that support investment and infrastructure development.

He added that along with incentives for foreign and domestic investors, industrial estates are one of the strategic sectors that is able to attract global companies to expand their operations in Indonesia.

"We are optimistic that we can continue to contribute to the development of national industrial estates. We are trying to provide the best solution for industry players who are looking for strategic locations to develop their business," he said.

Archied said that the Company believes that the development of industrial estates will still be a leading sector in the future.

According to him, this potential is mainly thanks to the support from the Government and the increasing demand for industrial land in line with the business expansion of a number of industrial sectors.