PT Lippo Karawaci Tbk (LPKR) investor relations material

Executive summary

• FY25 consolidated revenue was IDR 9.03 trillion, up 38% year-over-year on a like-for-like basis, driven by a 52% increase in Real Estate from strong handovers and marketing sales, but down from 2024 due to Siloam deconsolidation.

• Underlying NPAT grew 57% to IDR 630 billion, supported by improved associate contributions and lower net interest expenses.

• Lifestyle segment maintained stable revenue at IDR 1.37 trillion, with EBITDA up 16% year-over-year, reflecting improved leasing and cost optimization.

• Mall footfall and occupancy improved, and hotel average room rates exceeded pre-pandemic levels.

• Consolidated financial statements for 2025 received an unqualified audit opinion, confirming fair presentation.

Financial highlights

• FY25 revenue: IDR 9.03 trillion (+38% YoY like-for-like); Real Estate revenue: IDR 7.7 trillion (+52% YoY); Lifestyle revenue: IDR 1.37 trillion (stable YoY).

• EBITDA reached IDR 1.7 trillion, up 4% like-for-like, but lower than 2024 due to Siloam deconsolidation; EBITDA margin at 15%.

• Underlying NPAT: IDR 630 billion (+57% YoY); NPAT margin: 7%.

• Cash at year-end was IDR 1,956 billion; net interest expense dropped 74% YoY to IDR 242 billion.

• Net debt reduced to about IDR 4 trillion; all interest-bearing liabilities are now in rupiah, eliminating FX risk.

Outlook and guidance

• 2026 marketing sales guidance set at IDR 6 trillion, with a cautiously optimistic outlook amid global geopolitical uncertainty.

• Sustained demand expected in affordable and premium landed housing, with continued product innovation and expansion into new regions.

• Focus on operational efficiency, cost optimization, and leveraging strong landbank for future growth.

• No dividends were distributed for 2024 and 2025; reserve funds were allocated.

• New accounting standards and amendments effective from 2025 and 2026 are being reviewed for impact.