The largest contributor to operating revenue came from the Precast Concrete segment at IDR 528.66 billion or 45.26% of Revenue, followed by Readymix Concrete & Quarry at IDR 358.99 billion or
30.73%, and Construction Services at IDR 280.51 billion or 24.01%. This achievement demonstrates WSBP's strong position as an integrated concrete solutions provider with a continuously expanding portfolio of products and services.
“We continue to optimize production processes, carry out sustainable asset maintenance, and implement technological innovations to produce products with the best quality and improved cost efficiency,” said Fandy Dewanto, Vice President of Corporate Secretary WSBP.
Positive performance across all segments contributed to an increase in new contracts and projects throughout 2025. By the end of the third quarter of 2025, WSBP managed projects with a Managed Contract Value (NKD) of IDR 2.12 trillion and recorded a New Contract Value (NKB) of IDR 838.09 billion, of which 70.24% were external projects. This achievement demonstrates WSBP's optimism in achieving its business targets for 2025, which is also reflected in the various strategic projects currently underway.
Some of the major projects currently being worked on by WSBP include supplies for the Tangguh UCC Project, the Package C Road Improvement Project at KIPP 1B–1C, the construction of the Basilica and Nusantara Church Complex, and as the implementing contractor for the construction of the Madura State Polytechnic Health Department Lecture Building for the 2025 academic year and the construction of the Enim 1–Enim 2 Bridge Retaining Wall.
In supporting these various projects, WSBP relies on a portfolio of superior products that form the backbone of its operational performance. During the third quarter of 2025, WSBP's five best-selling products that were the mainstay of its revenue were Spun Pile, Readymix, PC-I Girder, Corrugated Concrete Sheet Pile (CCSP), and Full Slab. These products are widely used in major infrastructure projects such as toll roads, bridges, ports, and high-rise buildings. The consistent quality of its products and timely delivery are WSBP's competitive advantages, making it the top choice for various national projects.
“These new projects are proof of the market's confidence in WSBP's ability to provide high-quality concrete solutions and the best construction services. We are optimistic that this positive performance will continue until the end of the year,” added Fandy.
From a financial perspective, WSBP posted a Gross Profit of IDR 201.49 billion with a Gross Profit Margin (GPM) of 17.25%. WSBP also implemented its commitment to efficiency, as reflected in the decrease in General and Administrative Expenses to Rp273.47 billion or 21.01%. In addition, Other Income was recorded at Rp61.65 billion, partly derived from asset disposal.
In terms of financial restructuring, WSBP demonstrated a strong commitment to fulfilling its obligations. The company has paid CFADS Phase VI amounting to IDR 112.34 billion, bringing the cumulative total to IDR 541.74 billion. In addition, WSBP has implemented PMTHMETD Phase V in July 2025 amounting to IDR 47.96 billion, bringing the total share conversion to IDR 1.55 trillion or approximately 90.23% of the total conversion target.
“WSBP's success in implementing the financial restructuring scheme in a timely manner demonstrates our commitment to strengthening the company's financial fundamentals and maintaining the trust of all stakeholders,” concluded Fandy.
Going forward, WSBP will continue to strengthen its performance by applying the principles of good corporate governance (GCG), measured risk management, and ensuring that all project revenues are supported by sound and sustainable funding.
Reporter: PR Wire
Editor: PR Wire
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