Pakuwon Jati Tbk (PWON) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for PT Pakuwon Jati Tbk and subsidiaries show continued growth in assets, equity, and profitability for the years ended December 31, 2024 and 2023.

• The independent auditor issued an unqualified opinion, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

• Management affirms responsibility for the accuracy and completeness of the financial statements and internal controls.

Financial highlights

• Total assets increased to Rp 35.37 trillion as of December 31, 2024, up from Rp 32.71 trillion at year-end 2023.

• Revenues rose to Rp 6.67 trillion in 2024, a 7.6% increase year-over-year from Rp 6.20 trillion.

• Net income attributable to owners was Rp 2.07 trillion in 2024, slightly down from Rp 2.11 trillion in 2023.

• Basic earnings per share were Rp 43.08 in 2024, compared to Rp 43.71 in 2023.

• Cash and cash equivalents at year-end 2024 were Rp 9.15 trillion, up from Rp 7.60 trillion in 2023.

Outlook and guidance

• The Group adopted new and revised accounting standards in 2024, with no material impact on reported amounts.

• Management expects adequate resources to continue operations and maintain a going concern basis.

• New standards effective in 2025 and 2026 are not expected to materially impact future financial statements.