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PTPP Books 26% Jump in New Contracts Despite Market Challenges

Yovanda Noni
August 13, 2025 | 11:54 am
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Two PTPP employees working on the ITACHA 2 Hauling Road roject (Beritasatu.com / PTPP)
Two PTPP employees working on the ITACHA 2 Hauling Road roject (Beritasatu.com / PTPP)

Jakarta. PT PP (Persero) Tbk (PTPP), a leading national construction and investment company under Danantara Indonesia, has posted a robust performance in the first seven months of 2025, defying challenging market conditions.

As of July, the company secured Rp 11.79 trillion in new contracts, up 26 percent or Rp 2.42 trillion from the previous month. This achievement represents 41 percent of PTPP’s full-year target, reflecting the company’s consistent and measured approach in building a portfolio of strategic, high-value projects.

By funding source, private projects contributed the largest share at 42.5 percent, followed by state-owned enterprises at 38.9 percent, and government projects at 18.6 percent. From a sectoral standpoint, mining topped the list with a 24.4 percent share, followed by buildings (21.3 percent), ports (19.8 percent), roads and bridges (19.3 percent), oil and gas (6.9 percent), irrigation (3 percent), dams (2.3 percent), airports (1.8 percent), and industry (1.1 percent).

A highlight during the period was the Rp 1.93 trillion ITACHA 2 – Hauling Road Project in the mining sector, which became a major growth driver and strengthened PTPP’s foothold in the private funding segment.

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Maintaining Momentum with Sustainable Growth Strategies

PTPP Corporate Secretary Joko Raharjo said the results underscore the trust that project owners place in the company’s capabilities and commitment to quality.

“This achievement is more than just numbers. The significant growth in July proves PTPP’s agility in seizing opportunities across various sectors, particularly mining infrastructure, which remains a key growth driver,” Joko said.

“Going forward, we will continue to optimize new project acquisitions, accelerate execution, and uphold the highest standards of quality under our zero-accident commitment and principles of good corporate governance.”

Despite a competitive and evolving market, PTPP sees strong opportunities ahead. Management plans to leverage the current momentum by expanding its portfolio of high-value projects, enhancing operational efficiency, and introducing innovations that differentiate the company in the industry.

With this performance, PTPP reaffirms its position as a trusted partner for investors, project owners, and the wider public, while playing a vital role in advancing Indonesia’s infrastructure development. The company remains confident it can close 2025 on a high note, delivering optimal results and sustainable value to all stakeholders.

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