Agung Podomoro Land Reports 117% Revenue Surge to Rp 3.66 Trillion in H1 2026

PT Agung Podomoro Land Tbk. has achieved a significant financial turnaround, reporting Rp 3.66 trillion in sales and revenue for the first half of 2026. This figure represents a substantial 117% increase compared to the Rp 1.69 trillion recorded in the same period last year. The company's corporate secretary, Justini Omas, attributed this success to the effective implementation of its business strategy, which has maintained fundamental business strength amidst global and domestic economic fluctuations.

Beyond revenue growth, Agung Podomoro Land also reversed its financial standing, moving from a comprehensive loss in the first half of 2025 to a comprehensive profit of Rp 523.5 billion for the current period. This improvement stems from increased recognition of sales from key projects, strategic optimization of its asset portfolio, and enhanced operational efficiency. Marketing sales reached Rp 603 billion by June 2026, progressing towards the year's target of Rp 1.4 trillion, fueled by sustained demand for residential products, particularly landed houses and mixed-use developments.

A notable transaction contributing to the performance was the Rp 2.2 trillion sale of Mall Deli Park Medan to PT DPM Assets Indonesia. Justini explained this move as part of the company's strategy to optimize and rebalance its asset portfolio, allowing for a sharper focus on developing and managing high-contributing assets for long-term growth. This monetization of high-value assets underscores Agung Podomoro's capability to generate significant value, with plans to continue developing new projects that offer sustainable economic benefits.

Furthermore, the company has made substantial progress in deleveraging its balance sheet. Total liabilities have decreased to Rp 10.37 trillion as of June 2026, down from Rp 11.28 trillion at the end of 2025. Over the last 2.5 years, Agung Podomoro has aggressively reduced its debt burden, paying off approximately Rp 4.50 trillion. This financial discipline has also led to an increase in cash and cash equivalents, reaching Rp 1.13 trillion by the end of June 2026, alongside positive cash flow from operations.