Pakuwon Jati Tbk (PWON) investor relations material

Executive summary

• 9M 2026 revenue rose 2% YoY to IDR 5.208T, EBITDA rose 4% to IDR 2.856T, and adjusted net income increased 5% to IDR 2.133T.

• Reported net profit fell to Rp1,783,693,575 thousand from Rp2,124,777,841 thousand; total assets were Rp37,732,081,996 thousand and equity Rp27,406,217,834 thousand at Sept. 30, 2026.

• Recurring income remained the earnings foundation, supported by retail leasing, hospitality growth, and contributions from newer assets.

Financial highlights

• Revenue was Rp5,207,816,932 thousand versus Rp5,117,714,486 thousand; gross profit rose to Rp2,958,775,367 thousand from Rp2,837,973,397 thousand.

• EBITDA was IDR 2.856T versus IDR 2.738T; adjusted net income was IDR 2.133T versus IDR 2.025T.

• Profit before tax was Rp1,786,460,586 thousand versus Rp2,128,727,419 thousand; basic EPS was Rp28.93 versus Rp35.85.

• Net cash from operating activities rose to Rp2,564,795,714 thousand from Rp2,058,885,723 thousand; cash and cash equivalents ended at Rp4,605,178,183 thousand.

• Investment-manager and mutual-fund fair-value losses of Rp166,454,269 thousand and Rp137,115,605 thousand were recognized in profit or loss; adjusted net income excludes forex and investment gains or losses.

Segment performance

• Retail leasing accounted for 60% of 9M 2026 revenue; high occupancy, positive rental reversions, and contributions from Pakuwon City Mall and Pakuwon Mall Bekasi supported performance.

• Shopping, office center and serviced-apartment segment revenue, including internal sales, was Rp3,406,150,127 thousand, with segment result of Rp2,059,357,064 thousand.

• Hospitality generated Rp1,065,825,401 thousand revenue and Rp462,036,047 thousand segment result; hotel revenue grew from Rp910,058,142 thousand.

• Residential and office buildings for sale generated Rp770,356,906 thousand revenue; condominium and office sales declined to Rp508,215,725 thousand from Rp698,773,524 thousand.

• Residential presales were IDR 1.554T, supported by VAT incentives; Eluna Tower launch attracted demand for units above IDR 5bn. Landed-house revenue declined slightly amid slower handovers.