PTPP - A IDR6.27 tn in new contracts in 1Q25

PTPP - A IDR6.27 tn in new contracts in 1Q25 PP (PTPP) booked IDR6.27 tn in new contracts during 1Q25, marking a 32% yoy increase and surpassing 151% of its quarterly target. By March 2025, the company had achieved 21% of its full-year contract target, with most projects sourced from state-owned enterprises (52.1%), private sector (28.6%), and government projects (19.3%). The largest contributions came from port (37.2%), building (32.9%), and road and bridge (22.6%) sectors. Major contracts included the New Priok East Access Section II project worth IDR2.33 tn and the Mandiri Financial Center PIK project worth IDR878.3 bn. With this strong contract growth, PTPP remains confident in meeting its marketing and performance targets for the rest of the year. Note that, PTPP recorded net revenue of IDR19.81 tn (+7.35% yoy) and net profit rose to IDR129.44 bn (+1.85% yoy), in FY24. (Source : Emiten News)