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Waskita Karya's (WSKT) Net Loss Shrinks 45% in Q1 2026

Nabilah Muhamad 23/04/2026 14:37 WIB

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PT Waskita Karya (Persero) Tbk recorded a net loss of Rp678.03 billion in the first quarter of 2026, a decrease of around 45% compared to the loss in the first quarter of last year.

Income and Net Losses* of PT Waskita Karya (Persero) Tbk/WSKT for the First Quarter (2025-2026)

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Waskita Karya's (WSKT) Net Loss Shrinks 45% in Q1 2026

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Income and Net Losses* of PT Waskita Karya (Persero) Tbk/WSKT for the First Quarter (2025-2026)

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PT Waskita Karya (Persero) Tbk recorded a loss attributable to the company's owners of Rp678.03 billion in the first quarter of 2026.

This net loss decreased by 45.59% year-on-year from Rp1.25 trillion in the first quarter of last year.

Correspondingly, the revenue of this listed company (code: WSKT) increased by 54.86% year-on-year to Rp2.1 trillion in the first quarter of 2026.

The majority of this revenue came from construction services worth Rp1.60 trillion, followed by toll road revenue of Rp322.78 billion, precast sales of Rp102.89 billion, and hotel revenue of Rp22.97 billion.

There was also revenue from the property segment of Rp26.02 billion, sales of other infrastructure worth Rp19.16 billion, and building rentals of Rp2.19 billion.

In terms of operational performance, WSKT's operating expenses surged by 74.90% year-on-year to Rp1.92 trillion.

As of the end of March 2026, Waskita Karya had assets worth Rp68.89 trillion, a decrease of 2.60% from the end of December 2025, which stood at Rp70.73 trillion.

Throughout 2025, WSKT booked new contract value (NCV) worth Rp12.52 trillion.

These contracts were dominated by government projects, such as irrigation networks, People's Schools (SR), and Regional General Hospitals (RSUD) in various regions.

According to Waskita Karya's Corporate Secretary Ermy Puspa Yunita, the company is currently implementing strict policies through the Construction Management Committee to ensure that the projects managed have monthly payment schemes and avoid turnkey projects, where the project owner only pays after the contractor completes the project.

"Through the Construction Management Committee, the company ensures that the projects to be managed are not financially burdensome and have low risks," said Ermy in a press release on Thursday (2/4/2026).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."