JAKARTA - PT Jasa Marga (Persero) Tbk (JSMR) noted that the core profit was IDR 1.9 trillion until the first semester of 2025, growing 7.1 percent compared to the same period the previous year.
Jasa Marga President Director Rivan Achmad Purwantono said this achievement reflects the company's fundamental strength in maintaining business performance consistently.
The increase in core profit was supported by the company's operating income and EBITDA growth as well as a consolidated reduction in financial costs by 20.4 percent (yoy), as a positive impact of Equity Financing's corporate action at PT Jasamarga Transjawa Tol (JTT) which was carried out by the company in the fourth quarter of 2024.
In the first semester of 2025, JSMR managed to record operating income of Rp9.5 trillion or grew 4.1 percent from the first semester of 2024.
This achievement was driven by contributions from the performance of toll revenue of Rp. 8.8 trillion and the performance of other operating incomes of Rp. 696 billion.
Then, the realization of the company's EBITDA also increased in line with the increase in operating income, reaching Rp6.4 trillion or growing by 4.1 percent with the realization of well-maintained margin EBITDA compared to the first semester of 2024, reaching 67.3 percent level.
"This shows the company's commitment to implementing a business burden control strategy and focuses on optimizing operational efficiency and effectiveness, which overall contributes to improving the company's financial performance," Rivan said in a written statement, Monday, July 28.
Throughout the six months of this year, the company has also succeeded in maintaining the realization of total transaction volume on the Jasa Marga Group toll road, which amounted to 637.3 million vehicles, an increase of 0.1 percent compared to the total volume of transactions in the same period the previous year.
Meanwhile, the realization of daily traffic on average (LHR) reaches 3.5 million vehicles per day.
As for May 2025, the company held the Annual General Meeting of Shareholders (AGMS) for the 2024 Fiscal Year. Jasa Marga reported its financial performance for the 2024 period positively, namely posting operating revenues of Rp. 18.7 trillion (growing 20.3 percent), core profit of Rp. 3.70 trillion (growing 35.9 percent) and EBITDA of Rp. 12.6 trillion (growing 27.3 percent) and successfully reducing debt to EBITDA ratio from 6.9 times to 4.7 times.
For this performance, Jasa Marga announced dividend distribution of IDR 1.1 trillion or payout ratio of 25 percent of net profit, with the value per share (DPS) increasing 312.6 percent to IDR 156.23.
In addition, the AGMS also approved changes to the nomenclature and determination of the board of commissioners and directors.
The company also still holds a market leader position in the expressway industry with a total length of Jasa Marga Group toll roads having operated 1,286 kilometers, representing 43 percent of toll roads operating throughout Indonesia and the company's total toll road concessions reaching 1,736 kilometers.
In managing the new toll road project, the company is committed to achieving the target that has been set optimally through gradually controlling toll road construction activities.
Until the end of June 2025, the progress of the construction of the Probolinggo 'Banyuwangi Toll Road segment Gending' Kraksaan (89.88 percent); the Kraksaan 'Paiton' segment (97.03 percent); Paiton 'Besuki' segment (75.66 percent); and Yogyakarta Toll Road Bawen segment Ambarawa Bawen (75.26 percent).
Then, the Solo 'Yogyakarta' SYIA Kulonprogo Toll Road segment of the Klaten'Purwomartani (87.56 percent), the South Jakarta 'Cikampek II Toll Road segment of the Bojongmangu' Sadang (92.88 percent) segment and the Patimban Access Toll Road which are currently still in the land acquisition stage (84.44 percent).
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In another line of business, Jasa Marga through its subsidiary, PT Jasamarga Related Business (JMRB) with the innovation of the first development rest and service (TIP) in Indonesia with the concept of Toll Corridor Development (TCD) or Travoy Hub, until the first semester of 2025 has expanded development by building the Travoy Hub stages 2 and 3. It is known that the construction progress has reached 98.3 percent and is targeted to be completed by the end of 2025.
The company also continues to ensure the readiness of operational services realized through increased quantity and quality of service, especially in anticipating increased mobility during the long holiday period of the first semester of 2025, including during the period of homecoming flow and the return of the Idulfitri 1446 Hijri holiday; Easter; Waisak 2569 BE; Increase of Jesus Christ; Eid al-Adha 1446 H; and the Islamic New Year 1447 H.
Jasa Marga is optimistic that the company's performance in 2025 will be better than last year by continuing to carry out a number of strategic initiatives, both in maintaining performance growth and in managing financial health.
"In terms of the top line, the company ensures that the target of growing operating income can be achieved by maintaining vehicle volume growth, seeking to adjust toll rates according to business plans and increasing the growth of other operating income," he concluded.
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