Pakuwon Jati Tbk (PWON) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached Rp 1.56 trillion, up 1.6% year-over-year, with net profit at Rp 397.3 billion, down 5.8% from Q1 2024.

• Gross profit margin remained stable at 55.1% in Q1 2025, with comprehensive income rising to Rp 424.1 billion.

• Total assets increased to Rp 36.1 trillion as of March 31, 2025, from Rp 35.4 trillion at year-end 2024.

Financial highlights

• Revenue grew to Rp 1.56 trillion in Q1 2025 from Rp 1.53 trillion in Q1 2024, driven by higher rental, hotel, and real estate sales.

• Net profit attributable to owners was Rp 301.6 billion, down from Rp 330.9 billion year-over-year.

• EBITDA and EBIT not explicitly stated, but gross profit was Rp 856.9 billion, up slightly from Rp 851.5 billion.

• Earnings per share (EPS) was Rp 6.26, compared to Rp 6.87 in Q1 2024.

• Cash and cash equivalents at quarter-end were Rp 9.54 trillion, up from Rp 9.15 trillion at year-end 2024.

Outlook and guidance

• Management expects continued growth in real estate and recurring income from malls, offices, and hotels, with ongoing project development in Surabaya, Jakarta, and new markets.

• No explicit quantitative guidance provided, but ongoing expansion and new hotel openings are highlighted.