Of the total Revenue, the Precast segment remained the largest contributor with a portion of 47.2%, followed by the Readymix & Quarry segment at 29.1%, and Construction Services at 23.7%. In addition, WSBP recorded productivity improvements across all Precast Plants, which helped drive cost efficiency. This was reflected in a 61.30% decrease in Non-Contributing Plant (NCP) Expenses to Rp17.74 billion. Increased production utility is one of the key factors in maintaining the Company's competitiveness and profitability.
"The increase in productivity of Precast Plant WSBP is one of the tangible results of the operational transformation that we have carried out over the past few years. We continue to focus on optimizing the production process, asset maintenance, and technological innovation in order to produce products with the best quality and better cost efficiency," said Fandy Dewanto, Vice President of Corporate Secretary WSBP.
WSBP recorded a Gross Profit of Rp131.50 billion with a Gross Profit Margin (GPM) of 17.95%. This performance was supported by various efficiency initiatives, including a decrease in General and Administrative Expenses (BUA) to Rp191.85 billion as of June 2025. The effectiveness of the cost control strategy can be seen from the decrease in BUA by 18.91% on an annualized basis. Apart from the main revenue, WSBP also booked Other Income worth Rp34.09 billion, which partly came from the disposal of non-productive assets.
In line with its continuous transformation, WSBP looks forward to the second semester of 2025 with optimism. Until the end of June 2025, the Company managed to record a New Contract Value (NKB) of Rp474 billion so that the Managed Contract Value (NKD) reached around Rp1.76 trillion which will be a source of Revenue until the end of the year.
Several strategic projects that were successfully achieved became the foundation for future business growth. Among others, the Palembang-Betung Toll Road project, the construction of Tzu Chi School, the Jakarta LRT Phase 1B Project: Velodrome-Manggarai, Bogor-Ciawi-Sukabumi (Bocimi) Toll Road, and South Papua Governor Office Project.
"These new projects are the driving force for WSBP to deliver better performance in the second semester of this year. We see the potential for increased demand for precast and readymix concrete products as infrastructure development accelerates in various regions. The trust given by project owners to WSBP is a testament to our capacity, quality, and reputation in the industry," said Fandy.
In terms of financial restructuring, WSBP continues to make progress. As of March 2025, the 5th CFADS payment has been realized amounting to Rp107.68 billion, bringing the total paid to Rp429.40 billion. The next payment is scheduled for September 2025.
In addition, the conversion of shares into equity through the Capital Increase without Pre-emptive Rights (PMTHMETD) scheme is also going according to plan. In July 2025, phase V conversion worth IDR47.96 billion was carried out, making the total share conversion reach IDR1.55 trillion or around 90% of the total conversion target.
"The successful homologation and restructuring process is a crucial step to strengthen WSBP's financial structure. We believe that with a more solid foundation, plus the strategic projects we have achieved, WSBP will be able to achieve better and sustainable performance in the second half of 2025," added Fandy.
WSBP not only focuses on project growth in quantity, but also in quality. The Company is committed to implementing good corporate governance (GCG) principles, prioritizing measurable risk management, and selectively choosing projects with healthy funding schemes.
In the long term, WSBP places sustainability as a strategic element of growth. Through the development of environmentally friendly products and processes, energy efficiency in Operational Units, and involvement in projects that contribute to green development, WSBP demonstrates its seriousness in building a business that supports the transition to a more sustainable future.
Reporter: PR Wire
Editor: PR Wire
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