In accordance with the homologation agreement, on September 25, 2025, WSBP again made a CFADS payment for phase VI amounting to Rp110.75 billion, as a form of corporate responsibility in complying with the decision and maintaining creditor trust. To date, WSBP has made six previous CFADS payments totaling Rp541.74 billion, consisting of Banking Creditors (Tranche A) and Bondholders and Trade Creditors (Tranche B).
The sixth phase payment was made as follows: (1) Interest payment to Financial Creditors (Banking) amounting to IDR 36.88 billion, (2) Coupon payment for Waskita Beton Precast I & II Bonds 2022 amounting to IDR 3.27 billion, and (3) Payment to Trade Creditors (Active Trade Creditors and Previous Trade Creditors) amounting to IDR 70.61 billion.
“The timely payment of CFADS is proof of WSBP's seriousness in carrying out all agreed restructuring obligations. We are grateful to be able to continue to fulfill these obligations and hope that these consistent steps can become a foundation of trust for creditors and business partners,” explained Fandy Dewanto, Vice President of Corporate Secretary WSBP.
There is an additional CFADS allocation payment of Rp1.59 billion, which is divided proportionally among all creditors. The CFADS allocation comes from the proceeds of the auction of non-productive assets (asset disposal) conducted by the Company on April 25, 2025.
In addition, WSBP also recorded positive progress in its restructuring agenda. As of August 31, 2025, the company has converted trade creditor debt into equity (Tranche D) in five stages worth IDR 1.55 trillion, equivalent to 90.23% of the total debt to be converted. On December 12, 2023, WSBP also completed the conversion of bond debt into Mandatory Convertible Bonds (Tranche C) with a value of IDR 1.85 trillion.
Amid efforts to maintain payment commitments and complete restructuring, WSBP continues to record solid operational performance. New Contract Value (NCV) in August 2025 was recorded at Rp757.79 billion, originating from a number of strategic projects, including the Tangguh UCC Project, the Construction of the Madura State Polytechnic Health Department Lecture Building for the 2025 Fiscal Year, the Package C Road Improvement Project in the Core Government Center Area (KIPP) 1B-1C of the Capital City of Nusantara (IKN), the Construction of the Enim 1 - Enim 2 Bridge Retaining Wall, and the Construction of the Basilica and Nusantara Church Building and Area.
“The series of CFADS payments and debt conversions we have carried out are concrete steps by WSBP to strengthen our financial fundamentals and ensure the company remains on a healthy trajectory. On the other hand, new contract performance indicates that the company’s operations continue to run smoothly and remain trusted in supporting national infrastructure development,” added Fandy Dewanto.
WSBP emphasizes that all of these measures are part of the company's commitment to implementing good corporate governance (GCG), carrying out measured risk management, and ensuring that projects are selected selectively with consideration given to sound financing aspects.
Reporter: PR Wire
Editor: PR Wire
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