Adhi Karya posts 247.05% profit increase as costs fall
Revenue declined 4.96% to Rp5.37 trillion, but lower costs supported a rise in operating profit.
PT Adhi Karya (Persero) Tbk reported a 247.05% increase in profit attributable to parent-company owners for the period through the third quarter. Earnings reached Rp15.34 billion, compared with Rp4.42 billion in the corresponding period of 2025, according to financial statements submitted to the Indonesia Stock Exchange.
The company generated revenue of Rp5.37 trillion, a decline of 4.96% from Rp5.65 trillion. Costs of revenue decreased by 6.71%, from Rp4.82 trillion to Rp4.50 trillion, helping gross profit reach Rp876.58 billion, up 5.15%.
Lower operating expenses also supported earnings. These totalled Rp555.84 billion, down 3.02%, with selling expenses falling 24.13% to Rp6.76 billion and general and administrative expenses declining 2.69% to Rp549.09 billion. Operating profit increased from Rp260.49 billion to Rp320.74 billion, a gain of 23.13%.
Joint ventures contributed Rp332.47 billion in profit, up 3.37%. The share of losses from associates, however, reached Rp26.16 billion, an increase of 141.83% from Rp10.82 billion.
Financing expenses rose 0.45% to Rp526.06 billion, while other net income fell 52.70% to Rp51.03 billion. Pre-tax earnings dropped 31.55% to Rp20.81 billion. Final income tax expense increased 4.93% to Rp131.20 billion, whereas non-final income tax expense declined 45.55% to Rp4.94 billion.
Adhi Karya's assets totalled Rp26.7 trillion through the third quarter, against Rp27.7 trillion at the close of 2025.
