PT Lippo Karawaci Tbk (LPKR) Q1 2026 earnings summary

Executive summary

• Net revenues for Q1 2026 reached Rp1,763.8 billion, down 12.7% year-over-year from Rp2,019.4 billion in Q1 2025.

• Net profit attributable to owners was Rp107.1 billion, a 36.8% decrease from Rp169.5 billion in Q1 2025.

• Total assets as of March 31, 2026 were Rp48,702.2 billion, slightly down from Rp49,247.2 billion at December 31, 2025.

• The group maintained a strong capital structure with a net liabilities to adjusted equity ratio of 0.63.

Financial highlights

• Gross profit for Q1 2026 was Rp756.5 billion, down from Rp766.8 billion in Q1 2025.

• Operating profit was Rp185.7 billion, a decrease from Rp204.9 billion year-over-year.

• EBITDA and EBIT not explicitly stated, but operating and net profit margins declined.

• Basic EPS for Q1 2026 was Rp1.51, compared to Rp2.39 in Q1 2025.

• Cash and cash equivalents at March 31, 2026 were Rp1,614.5 billion, down from Rp1,956.3 billion at year-end 2025.

• Net cash used in operating activities was Rp499.0 billion for Q1 2026.

Outlook and guidance

• Management continues to focus on capital efficiency, profitability, and strategic investment opportunities.

• No dividend distribution for FY2024; reserve fund allocation of Rp1,000 million approved.

• The group is reviewing the impact of new tax regulations effective from 2025.