PT Kawasan Industri Jababeka (KIJA) investor relations material

Financial performance and results

• Consolidated revenue for 1H26 was Rp2,436.5 billion, down 11% year-on-year, mainly due to lower industrial land revenue recognition in Kendal.

• Operating profit remained positive at Rp524.0 billion, but net loss of Rp6.4 billion was recorded due to one-off refinancing costs, including foreign exchange and derivative termination losses.

• Infrastructure revenue grew 15% to Rp1,398.2 billion, now representing 57% of total revenue, up from 45% in 1H25.

• Gross profit was Rp840.5 billion with a margin of 34%, down from Rp1,116.5 billion and 41% in 1H25, reflecting a shift toward recurring revenue with lower margins.

• Adjusted EBITDA fell 25% to Rp747.7 billion, primarily due to lower operating performance and higher non-operating expenses.

Business segments and recurring revenue

• Infrastructure pillar, including electricity, water, wastewater, and logistics, drove recurring revenue growth, with electricity and services/maintenance segments showing strong increases.

• Land Development & Property revenue declined 32% to Rp974.9 billion, mainly from lower industrial land sales in Kendal due to timing of revenue recognition.

• Leisure & Hospitality revenue remained stable at Rp63.4 billion, with golf business contributing about 65% of the segment.

• Recurring revenue now forms a more balanced and resilient revenue structure, supporting long-term growth.

Marketing sales and outlook

• 1H26 marketing sales reached Rp1,187.6 billion, or 32% of the full-year 2026 target of Rp3.75 trillion.

• Kendal contributed 71% of 1H26 marketing sales, with Cikarang and others contributing 29%.

• Full-year 2026 marketing sales target is Rp3.75 trillion, with Rp1.25 trillion expected from Cikarang/others and Rp2.5 trillion from Kendal.

• Management remains confident in demand for industrial land and recurring infrastructure revenue, supporting sustainable long-term growth.