Krakatau Steel (KRAS) Recovers from Losses and Posts Profit in 2025

PT Krakatau Steel (Persero) Tbk recorded a profit attributable to the parent entity of US$325.46 million in 2025.

This achievement is in stark contrast to 2024, when this steel company listed on the Jakarta Stock Exchange (KRAS) recorded a loss of US$154.71 million.

In line with this, Krakatau Steel's operating revenue grew by 0.54% (year-on-year/yoy) to US$959.84 million in 2025.

According to Krakatau Steel's CEO, Akbar Djohan, this positive performance was driven by successful debt restructuring, operational strengthening, and support from stakeholders.

2025 also marked a revival in KRAS's operations, coinciding with the resumption of operations at the strategic Hot Strip Mill (HSM) facility, which forms the backbone of the national steel production.

"This profit is a starting point that we approach with humility to continue ensuring the sustainability of the national steel industry," said Akbar in a press release on Tuesday (March 31, 2026).

Throughout 2025, KRAS's total sales volume of steel products reached 944,562 tons, an increase of 29% compared to 2024.

KRAS had assets worth US$2.77 billion at the end of 2025, an increase of 4.65% compared to the previous year.