PT Kawasan Industri Jababeka (KIJA) investor relations material

Executive summary

• Consolidated revenue for 1Q26 was IDR 1,192.2 billion, down from IDR 1,291.0 billion in 1Q25, mainly due to lower industrial land sales, while infrastructure revenue grew and became the dominant recurring source.

• Net profit for 1Q26 was IDR 164.0 billion, compared to IDR 200.5 billion in 1Q25, reflecting lower revenue and gross profit.

• Gross profit margin declined to 36.3% from 41.9% year-over-year.

• Infrastructure pillar accounted for 55% of total revenue in 1Q26, up from 44% in 1Q25, highlighting a shift toward more stable, recurring income.

• Basic earnings per share rose to Rp 2.81 from Rp 2.11 year-over-year.

Financial highlights

• 1Q26 gross profit was IDR 432.2 billion, down from IDR 540.8 billion in 1Q25; gross margin declined to 36% from 42%.

• EBITDA for 1Q26 was IDR 383.1 billion (margin 32%), compared to IDR 481.5 billion (margin 37%) in 1Q25.

• FY25 marketing sales reached IDR 3,601 billion, 103% of target and up 13% year-over-year.

• Cash and cash equivalents at period end were Rp 3,845,284 million, up from Rp 3,618,828 million at year-end 2025.

• Net cash from operating activities was Rp 415,546 million, down from Rp 693,354 million year-over-year.

Outlook and guidance

• FY26 marketing sales target is IDR 3,750 billion, with IDR 1,250 billion from Cikarang/others and IDR 2,500 billion from Kendal.

• Management is assessing the impact of new accounting standards (PSAK 118) effective January 2027, which will affect presentation and disclosure but not net profit.

• Cashflow guidance for 2026 is under preparation and will be published soon.