Pakuwon Jati Tbk (PWON) investor relations material

Executive summary

• Maintains leadership in Indonesia's retail mall sector with a diversified portfolio across Jakarta, Surabaya, Central Java, and Bali.

• Consolidated revenue for Q1 2026 reached Rp 1.65 trillion, up 5.8% year-over-year from Rp 1.56 trillion in Q1 2025.

• Net profit for the period was Rp 511.6 billion, a 28.8% increase from Rp 397.3 billion in Q1 2025.

• Growth was driven by higher recurring income from malls, offices, and hotels, as well as improved property sales.

• Integrated superblock and township developments drive recurring income and long-term growth.

Financial highlights

• 1Q 2026 revenue rose 6% YoY to IDR 1.646T, driven by recurring income and new asset contributions.

• EBITDA increased 10% YoY to IDR 916Bn, reflecting operating leverage and cost control.

• Net income surged 29% YoY to IDR 511Bn, aided by higher gross profit and lower finance costs.

• Gross profit rose to Rp 941.1 billion, up 9.8% year-over-year.

• Gross margin and EBITDA margin remained robust, supporting profitability.

Outlook and guidance

• Long-term growth underpinned by a strong development pipeline and over 10 years of land bank visibility.

• Expansion focused on Semarang, Batam, IKN, Surabaya, Jakarta, and Bekasi, with major projects scheduled through 2035.

• Management expects continued growth in recurring income from malls, offices, and hotels.

• CAPEX allocation prioritizes recurring income assets and selective acquisitions.

• No significant changes in business strategy or capital structure anticipated.