PT Pakuwon Jati, Tbk.
Kode Saham: PWON.IJ (Bloomberg), PWON.JK (Reuters)
PWON’s AGM Agree to Pay Dividend 30% of 2024 Net Profit

 

Press Release

SURABAYA, 25 June 2025 – In the annual public expose hold after Annual General Meeting of Shareholder (“Meeting”) in Westin Hotel Surabaya, Minarto, Finance Director and Corporate Secretary of the Company expresses that the Meeting has agreed to pay dividend distribution of Rp 13/share amounting to Rp626 billion from 2024 result, an increase of 45% compared to last year. The dividend distribution is equivalent to 30% of Rp 2.08 trillion net profit attributed to parent company that shows the Company’s commitment to shareholders.

PT Pakuwon Jati (PWON) booked yearly net revenue for 2024 at Rp 6.67 trillion. Gross Profit is recorded at Rp 3.77 trillion, EBITDA of Rp 3.58 trillion and an Adjusted Net Profit of Rp 2.62 trillion. 

Total Company’s revenues increase mainly due to the recurring revenue that is 11% better from Rp 4.67 trillion last year to Rp 5.19 trillion this year which comprises revenue from retail mall of Rp 3.43 trillion, up 10% from Rp 3.12 trillion from last year, revenue from office leasing Rp 368 billion, a 21% increase from Rp 304 billion from last year, and revenue from hospitality of Rp 1.38 trillion, 12% better than last year of Rp 1.24 trillion. 

Capital expenditure for 2024 amounts to Rp 1.80 trillion, mainly used to fund Pakuwon Mall Bekasi, Pakuwon City Mall Surabaya construction project as well as to buy land bank in Semarang and Pakuwon City Surabaya.

 

PWON recorded net revenue in 1Q2025 at Rp 1.55 trillion, Gross Profit is recorded at Rp 857 billion. Maintaining EBITDA of Rp 834 billion compared to the same period last year. Adjusted Net Profit increase by 10% from Rp 550 billion last year to Rp 603 billion this period, reflecting on the increase of the company’s operational efficiency.

 

Capital expenditure for 1Q2025 amounting to Rp 237 billion, mainly used to fund Pakuwon Mall Bekasi and Pakuwon City Mall Surabaya construction project.

 

Pakuwon Jati Overview

Pakuwon Jati Tbk (PWON: IDX) is a real estate developer with over 42 years of experience in developing and operating properties in Indonesia. Established in 1982 and listed on the Jakarta Stock Exchange since 1989, Pakuwon Jati is a geographically diversified real estate developer with properties in Surabaya, Jakarta, Bekasi, Yogyakarta, Solo, Bali, Semarang and Batam. Its key portfolio includes shopping mall, residential, office building and hospitality developments. The Company is vertically integrated across the entire real estate value chain from land acquisition, property development, marketing to operational management. Pakuwon Jati is the pioneer of Superblock concept in Indonesia, a large-scale integrated development comprising retail shopping centres, offices, condominiums, and hotels, with proven track record and strong reputation in the property industry enabling the Company to establish long-term relationships with tenants and buyers, providing a solid foundation for rapid business expansion.

Below is the Company’s portfolio:

  • Gandaria City Superblock, Jakarta (retail shopping center, apartment, office building and hotel)
  • Kota Kasablanka Superblock, Jakarta (retail shopping center, apartment, and office building)
  • Somerset Berlian, Jakarta (serviced apartment)
  • Blok M Plaza, Jakarta (retail shopping center)
  • Tunjungan City Superblock, Surabaya (retail shopping center, apartment, office building and hotel)
  • Pakuwon Mall Superblock, Surabaya (retail shopping center, apartment, serviced apartment, and hotel) and Pakuwon Mall Mansion phase 5 (3 apartment towers) which is under construction
  • Royal Plaza, Surabaya (retail shopping center)
  • Pakuwon City township (landed residential) and Educity apartment in East Surabaya
  • Pakuwon City Mall Superblock (retail shopping centre and apartments) in East Surabaya
  • Grand Pakuwon township (landed residential) and Food Junction (Hypermarket, culinary & leisure destination), in West Surabaya
  • Pakuwon Mall Bekasi Superblock, (retail shopping center, apartments and hotel)
  • Pakuwon Mall Jogja and Yogyakarta Marriott Hotel (retail shopping center and hotel)
  • Pakuwon Mall Solo Baru (retail shopping center)
  • Four Points by Sheraton Bali, Kuta (hotel)

 

For further information, please contact:

Minarto Basuki (Director and Corporate Secretary) 

PT Pakuwon Jati, Tbk.
Pakuwon City Mall 5th Floor 
Jl. Kejawan Putih Mutiara No. 17, Surabaya
Telp : (6231) 99218800
Email: corpsec@pakuwon.com
Website: www.pakuwonjati.com