PT Kawasan Industri Jababeka (KIJA) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for the year ended December 31, 2024, received an unqualified opinion from the independent auditor, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

• Key audit matter identified was the propriety of accounting for revenues with significant financing components in real estate contracts, with auditors validating management's approach and assumptions.

Financial highlights

• Revenue reached Rp 4,602,648 million, up 39% year-over-year from Rp 3,299,597 million.

• Net profit for the year was Rp 770,058 million, a 46% increase from Rp 528,623 million in 2023.

• Gross profit rose to Rp 1,967,179 million, up from Rp 1,536,433 million year-over-year.

• Basic earnings per share increased to Rp 17.69 from Rp 14.88 year-over-year.

• Total assets grew to Rp 14,017,356 million from Rp 12,947,435 million at year-end 2023.

Segment performance

• Real estate segment contributed Rp 2,573,405 million in revenue and Rp 1,342,901 million in gross profit.

• Power plant segment generated Rp 1,182,415 million in revenue and Rp 203,758 million in gross profit.

• Service and maintenance, golf, and tourism segments also showed positive contributions, with service and maintenance at Rp 779,848 million revenue.