Successfully Reducing Debt, Hutama Karya Ensures It Won’t Affect National Strategic Projects

PT Hutama Karya (HK) has built approximately 1,030 km of toll roads in Indonesia over the past decade, supported by State Capital Injections (PMN) amounting to IDR 131.14 trillion since 2015. Despite receiving substantial PMN, HK's financial burden increased, with debt soaring by 958.46% since 2014, reaching IDR 53.11 trillion in 2023. Throughout 2023, PT Hutama Karya (HK) managed to reduce its debt to IDR 53.11 trillion, down 24.70% from the previous year, thanks to investment collaboration with the Indonesia Investment Authority (INA) and State Capital Injection (PMN) support for National Strategic Projects. In the first half of 2024, HK recorded a net profit of IDR 396 billion, a significant increase from IDR 34 billion in the same period last year, with total assets rising 2,732% since 2014. The company continues to grow positively due to the construction of the Trans Sumatra Toll Road and being selective in choosing quality projects.

Source