Despite Increased Ridership, MRT Profits Decline in 2023

Transportation & Logistics

Premium

Adi Ahdiat 25/07/2024 18:11 WIB

URL has been copied

Memuat...

MRT ridership surged in 2023. However, its operating company's profit significantly decreased.

PT MRT Jakarta's Profit/Loss Statement (Year-to-Date) 2019-2023

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Despite Increased Ridership, MRT Profits Decline in 2023”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

PT MRT Jakarta's Profit/Loss Statement (Year-to-Date) 2019-2023

Download

Source

A Small Font
A Medium Font
A Bigger Font

Ridership on Jakarta's Mass Rapid Transit (MRT) Phase 1, Lebak Bulus Grab-Bundaran HI route, grew significantly in 2023.

However, the profit of PT MRT Jakarta (Perseroda), the operator, decreased significantly.

In 2023, PT MRT Jakarta achieved a net profit of Rp18.92 billion, down 81.98% year-on-year (yoy) compared to 2022.

According to management, this was due to a decrease in total revenue, influenced by reduced subsidies, lower non-ticket revenue, and challenges in managing the Transit-Oriented Development (TOD) area.

PT MRT Jakarta's total revenue in 2023 decreased by 7.8% (yoy) to Rp1.35 trillion.

This is related to a decrease in subsidy revenue of 8% (yoy) to Rp743 billion, and a decrease in non-ticket revenue of 28.8% (yoy) to Rp358.4 billion.

Since the MRT first operated in 2019, approximately 55% to 60% of the MRT's main revenue has come from subsidies.

According to MRT Jakarta President Director Tuhiyat, without subsidies, the fare for the longest MRT route would reach Rp31,000, approximately 55% more expensive than the current selling price of Rp14,000.

Furthermore, in the aspect of TOD management which impacted the company's profit, there were several obstacles related to permits, including advertising permits to realize commercial activities.

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."

Related Data

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Food Consumption Inadequacy Rate for Banjar City Residents Decreased by 5.13% in 2024

Average Length of Schooling for Sukabumi City Residents Increases to 10.39 Years

Latest Data Stories

Daily Chicken Prices at Traditional Markets in Bangka Belitung Islands Province Have Decreased by 3.09% in the Last Month Economics & Macro 05/12/2025, 12:33 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 05/12/2025, 12:18 WIB

FAO Index: September 2024 Food Prices Rise Economics & Macro 05/12/2025, 12:03 WIB

Palladium Price - Palladium Falls Towards US$1039.5 /Troy Ounce (Thursday, May 22, 2025) Market 05/12/2025, 11:57 WIB

Historical Data of Average Wages in Papua, 2018-2023 Employment 05/12/2025, 11:49 WIB

Today's Antam Gold Price Drops to Rp. 1.91 Million per Gram Mining 05/12/2025, 11:38 WIB

Download

Source

Despite Increased Ridership, MRT Profits Decline in 2023

Tags

Related Data

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Food Consumption Inadequacy Rate for Banjar City Residents Decreased by 5.13% in 2024

Average Length of Schooling for Sukabumi City Residents Increases to 10.39 Years

Latest Data Stories

Popular Data

Despite Increased Ridership, MRT Profits Decline in 2023

Tags

Related Data

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Food Consumption Inadequacy Rate for Banjar City Residents Decreased by 5.13% in 2024

Average Length of Schooling for Sukabumi City Residents Increases to 10.39 Years

Latest Data Stories

Trending Topics

Popular Data