SSIA Posts Profit of IDR 262.6 Billion in Semester I 2026

Photo: Dok. Surya Semesta Internusa

JAKARYA - PT Surya Semesta Internusa Tbk (SSIA) which is a property, industrial area, construction, and hospitality issuer managed to rake in a net profit of IDR 262.6 billion in the first half of 2026. This is supported by the soaring sales of industrial areas and improving the hospitality business.

Based on the company's financial statements quoted Wednesday, August 5, SSIA's consolidated revenue reached IDR 3.35 trillion in the first half of 2026 or jumped 58.4 percent compared to the same period last year of IDR 2.12 trillion.

The main driver of growth came from the property segment which posted revenue of IDR 1.27 trillion or jumped 274.1 percent year-on-year (year-on-year/YoY). The surge was driven by the recognition of sales (accounting sales recognition) of industrial land in the Subang Smartpolitan and Suryacipta City of Industry Karawang projects.

The construction segment remains the largest contributor to revenue with a value of IDR 1.70 trillion or around 49 percent of total revenue, while the hospitality business also showed significant recovery with revenue jumping 113.3 percent to IDR 471.1 billion.

Not only income, the company's profitability also increased sharply. SSIA's gross profit jumped 145.9 percent to IDR 1.09 trillion from IDR 441.8 billion in the first half of 2025.

The property segment contributed the largest gross profit with a value of IDR 612.3 billion or an increase of 315.4 percent compared to the previous year. Meanwhile, gross profit in the hospitality sector increased by 152.9 percent to IDR 279.4 billion and construction grew by 11.4 percent to IDR 204.8 billion.

The improvement in performance also increased the company's EBITDA by 553.2 percent to IDR 692.5 billion. The EBITDA margin also jumped to 20.7 percent from only 5 percent in the same period last year.

The property segment recorded the highest EBITDA margin of 42.9 percent, while the hotel business managed to record positive EBITDA with a margin of 9.7 percent after still being negative in the first half of 2025.

The improvement in the hotel business mainly came from an increase in the number of rooms sold and an increase in the room rate (Average Room Rate/ARR) at Paradisus by Meliá Bali after implementing the all-inclusive concept.

As a result, SSIA managed to reverse the net loss position of Rp32.3 billion in the first semester of 2025 into a net profit of Rp262.6 billion in the first semester of 2026. The net profit of the property segment jumped to Rp459.3 billion from only Rp44.9 billion a year earlier. The construction segment also recorded a net profit growth of 21.1 percent to Rp93.2 billion.

However, the hotel business still posted a net loss of IDR 83.8 billion. However, this loss was able to be suppressed by around 20.3 percent compared to a loss of IDR 105.1 billion in the same period last year.

In terms of the balance sheet, SSIA's cash position was recorded at IDR 1.09 trillion at the end of June 2026, down 4.2 percent from the first quarter of 2026 due to interest payments on the renovation of Paradisus by Meliá Bali and land development costs.

At the same time, interest-bearing debt was successfully suppressed to IDR 2.27 trillion or down 3.5 percent compared to the previous quarter. The debt to equity ratio (gearing ratio) also remained at 26.8 percent.

Despite the soaring financial performance, marketing sales in the industrial area actually slowed down. PT Suryacipta Swadaya only recorded marketing sales of IDR 195.9 billion from the sale of 9.4 hectares of land in the first semester of 2026.

The company explained that the slowdown was influenced by the increasing geopolitical tensions in the Middle East which made a number of global investors postpone direct investment decisions (foreign direct investment/FDI).

On the other hand, the construction business unit of PT Nusa Raya Cipta Tbk (NRCA) has maintained business stability with revenue of IDR 1.70 trillion and net profit increased by 21.5 percent. NRCA also bagged new contracts worth IDR 1.37 trillion from various strategic projects such as industrial plants, hospitals, hotels, shopping centers to resort projects.

In the hospitality business, Paradisus by Meliá Bali became one of the main drivers of recovery through an increase in room rates to IDR 3.34 million. Meanwhile, BATIQA Hotels recorded an occupancy rate of 71 percent with an increase in room rates to IDR 456 thousand.

In the digital line, the Travelio property rental platform is also growing with an increase in Gross Merchandise Value (GMV) of around 10 percent annually. As of the first half of 2026, Travelio manages more than 16,200 apartment units exclusively and targets this number to increase to more than 16,800 units by the end of the year.