PTPP Records New Contract Revenue of IDR 2.76 Trillion in January 2026, Growing 120.8 Percent YoY

Photo: Dok. PTPP

PT PP (Persero) Tbk (PTPP), a national construction and investment company under the auspices of Danantara Indonesia, in January 2026 managed to record a new contract value of IDR 2.76 trillion as of January 2026. This achievement increased significantly by 120.8 percent compared to the same period last year (Year on Year/YoY), reflecting a positive start to the Company's performance.

The acquisition of new contracts was dominated by projects with government funding of 73.31 percent, followed by state-owned enterprises of 25.20 percent, and private projects of 1.49 percent. Based on business lines, the largest contribution came from the Building sector of 43.28 percent, Roads and Bridges of 26.64 percent, Smelter and Mining of 25.20 percent, Water and Waste Treatment of 4.18 percent, Water Infrastructure of 0.54 percent, and Oil & Gas Facilities of 0.16 percent.

Some strategic projects that PTPP successfully achieved in January 2026 include the Pidum & Datum Office Building Project for the Attorney General of the Republic of Indonesia worth Rp820.7 billion, the Membidang Medan Metropolitan BRT Development Project worth Rp538.5 billion, the Mempawah Bauxite Mining Project worth Rp478.6 billion, and the Aceh Disaster Management Project worth Rp341.7 billion.

PTPP Corporate Secretary, Joko Raharjo, said that this achievement is the foundation of the Company's optimism in welcoming 2026 in the midst of the dynamics and challenges of the construction industry that are still ongoing.

"The growth in the acquisition of new contracts at the beginning of this year shows a good momentum for PTPP to maintain sustainable performance throughout 2026. The Company will continue to focus on project execution in a timely manner, with the highest quality standards and the implementation of zero accidents. In addition, we ensure that each project is carried out with the principles of good corporate governance (GCG), prudent risk management, and supports sustainable development," said Joko, in a statement, Friday, February 27.

With the project selectivity strategy and operational management strengthening, PTPP is optimistic that it can maintain performance growth and provide added value for all stakeholders throughout 2026.