Pakuwon Jati Tbk (PWON) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, increased to Rp 5.12 trillion, up 6.9% year-over-year, driven by higher space rental, hotel, and real estate sales.

• Net profit for the period rose to Rp 2.16 trillion, a 10.8% increase from the prior year, with basic EPS at Rp 35.85.

• Gross profit margin improved to 55.5% from 56.8% year-over-year, reflecting higher revenue and controlled costs.

• Cash and cash equivalents at period end were Rp 7.01 trillion, with a strong net cash position.

Financial highlights

• Total assets reached Rp 36.07 trillion as of September 30, 2025, up from Rp 35.37 trillion at year-end 2024.

• Total equity increased to Rp 26.24 trillion, with non-controlling interests at Rp 4.40 trillion.

• Bonds payable reduced to Rp 5.54 trillion after a partial repurchase of US$66.56 million in May 2025.

• Operating cash flow for the nine months was Rp 2.06 trillion, with net investing outflows of Rp 2.45 trillion and net financing outflows of Rp 1.75 trillion.

• Dividend payout of Rp 626.07 billion approved in June 2025.

Outlook and guidance

• Remaining performance obligations from real estate contracts total Rp 841.65 billion, expected to be recognized within one year and beyond.

• Ongoing development projects in Surabaya, Bekasi, and Semarang are expected to support future revenue growth.