BSDE Revenue Drops 12.96 Percent In The Third Quarter Of 2025

BSD (Photo; dock between)

JAKARTA - PT Bumi Serpong Damai Tbk (BSDE) posted operating revenues of IDR 8.76 trillion per third quarter of 2025, or decreased 12.96 percent year-on-year (yoy) compared to IDR 10.06 trillion in the same period the previous year.

Director of BSDE Hermawan Wijaya is optimistic about the company's future business prospects, supported by pre-sales achievements that have reached IDR 7.10 trillion per third quarter of 2025, or the equivalent of 71 percent of the 2025 target.

"This achievement will be recognized as revenue at the time of the handover. This is a positive indication of high consumer interest and potential future income," Hermawan said quoting Antara.

The company's operating income was contributed by the sale of units (land, buildings and strata title) of 85.27 percent or equivalent to Rp7.47 trillion, then the rental income segment contributed 8.74 percent or equivalent to Rp765.86 billion.

Meanwhile, revenue from building management contributed 3.35 percent or around Rp293.29 billion.

Through operational efficiency efforts and optimization of investment and dividend income, the company suppressed the cost of goods sold by 7.56 percent, so that it was able to record operating profit of IDR 2.13 trillion, and net profit of IDR 1.36 trillion.

"This achievement shows that although BSDE faces external challenges and market adjustments, asset management strategies, operational efficiency and income diversification are able to generate positive value for shareholders," said Hermawan.

As of the third quarter of 2025, the company's total assets amounted to IDR 77.40 trillion, consisting of equity worth IDR 51.32 trillion and liabilities worth IDR 26.08 trillion.

The company's financial ratio shows improvement, namely the Debt-to-Equity Ratio (DER) down from 0.30x to 0.29x, which indicates a healthier capital structure and lower financial risk.

Meanwhile, the Equity-to-Asset Ratio (EAR) increased from 62 percent to 66 percent, which strengthened its equity position as the main source of financing. Meanwhile, Return on Equity (ROE) was recorded at 3.83 percent.

"The resilience of the BSDE capital structure is also strengthened through the issuance of bonds of IDR 1 trillion which will be used to support the completion of projects in BSD City," said Hermawan.