Challenging global economic conditions and the national construction sector have put considerable pressure on the construction industry. This is reflected in the acquisition of new contracts of PT Wijaya Karya (Persero) Tbk (WIKA) in the second quarter of 2025 which only reached IDR 4.3 trillion with a current contract of IDR 38.89 trillion. On the contract, the Company booked total sales of Rp8.89 trillion, the majority of which came from non Cooperation Operation (KSO) projects amounting to Rp5.86 trillion and the rest came from KSO projects.
Based on business segment, the sales contribution mainly came from infrastructure and building segment 52%, construction support industry 24%, energy & industrial plant 18%, and realty & property.
For this achievement, the Company managed to record a non-SPO gross profit of Rp472.56 billion and KSO profit of Rp298.86 billion, with a positive EBITDA of Rp367.16 billion. So that in Q2 2025, WIKA managed to book Gross Profit Margin (GPM) KSO & Non KSO of 8.67%, an increase compared to the achievement of Q2 2024 which amounted to 7.81%, and EBITDA Margin of 6.27%.
This is the fruit of the transformation steps and the implementation of lean construction which is consistently carried out in line with the 8 sub-streams of WIKA's restructuring. This achievement also shows the Company's resilient core business with the Company's project management that is maintained effectively efficient and focused on prioritizing quality.
The Company's consistent efforts in carrying out transformation and restructuring steps are also reflected in the improvement of the Company's balance sheet condition. Until June 2025, WIKA managed to cut trade payables by Rp498.60 billion and interest-bearing debt by Rp5.59 trillion compared to the same period the previous year. On the other hand, WIKA also managed to accelerate the collectability of its receivables, where the Company's total receivables were recorded to have decreased by Rp1.33 trillion compared to the position in Q2 2024.
"The Company expresses its deepest appreciation for the trust and support given by all stakeholders. The current restructuring and transformation steps show that WIKA's operating performance has proven to bring positive results. Of course, the restructuring that is currently being carried out takes time, for this reason, support from all stakeholders is needed so that WIKA's restructuring process can run well." said Agung BW.