Revenue Increases, WSBP Spends Rp2.02 Trillion to Pay Suppliers and Vendors in 2024

Jakarta (ANTARA) - PT Waskita Beton Precast Tbk (WSBP) continues to demonstrate its commitment in maintaining operational sustainability and increasing the trust of its business partners. Throughout 2024, WSBP realized payments to suppliers and vendors amounting to Rp2.02 trillion, an increase of 25.7% compared to the previous year. This amount reflects the company's seriousness in meeting its financial obligations as a whole, both those related to routine operational activities and part of the business recovery and strengthening strategy. This step is also a concrete manifestation in ensuring the smoothness of the supply chain and the stability of the company's operations.

The increase in supplier and vendor payments is in line with WSBP's commitment to strengthen mutually beneficial and sustainable partnerships driven by marketing strategies in participating in prudent tenders such as identifying project risks, ensuring customer credibility, adequate funding, and forming a special team for debt collection. In addition, financial management policies that adhere to the principles of Good Corporate Governance (GCG) also help maintain financial stability. Furthermore, WSBP has also implemented an effective asset optimization program to improve liquidity. With this strategy, the company can maximize resource utilization to support sustainable business growth.

“We continue to strive to improve the company's financial performance, maintain the trust of business partners, and ensure business sustainability with prudent and transparent strategies. By optimizing asset management, maintaining liquidity, and continuing to implement good corporate governance, we believe WSBP can continue to grow and provide benefits to all stakeholders,” said Fandy Dewanto, VP of Corporate Secretary.

As a commitment to payment to suppliers and vendors, WSBP also consistently fulfills obligations in the Cash Flow Available for Debt Service (CFADS) scheme in accordance with the agreed Peace Agreement. Throughout 2024, the company has paid CFADS stages 3 and 4 totaling Rp169.31 billion. Most recently, on March 25, 2025, WSBP has also realized the payment of CFADS stage 5 amounting to Rp106.36 billion. This payment is part of the company's efforts to maintain business continuity and fulfill all its obligations to ensure operations continue to run optimally.

With these strategic steps, WSBP is optimistic that it can continue to improve its performance and provide added value to all stakeholders. The company will continue to strive to maintain sustainable growth while prioritizing efficiency, innovation, and compliance with applicable regulations.