Danantara Profit Reaches Rp 330 Trillion, Targets Rp 360 Trillion in 2026
Translated from Indonesian, summarized and contextualized by DistantNews.
At a glance
- State-owned enterprise holding company Danantara reported a profit of Rp 330 trillion, with a target of Rp 360 trillion for the current year.
- This performance continues a positive trend, with net profits reaching Rp 327.13 trillion in 2023 and Rp 304 trillion in 2024.
- The company aims to increase its profit to nearly double that of Temasek Holdings, which reported around Rp 136 trillion.
Indonesia's state-owned enterprise holding company, Danantara, has announced a profit of Rp 330 trillion, with ambitious plans to reach Rp 360 trillion this year. This figure builds upon a consistent upward trend in profits for state-owned enterprises (BUMN) in recent years. In 2023, BUMN recorded a net profit of Rp 327.13 trillion, followed by Rp 304 trillion in 2024. Projections for 2025 indicate a normalized profit of Rp 332 trillion, which, after accounting for an impairment of approximately Rp 55 trillion, is expected to settle between Rp 280 trillion and Rp 285 trillion.
If we talk about size in terms of net income, we are certainly larger than Temasek. This year, I hope our profit reaches Rp 360 trillion, almost double Temasek's Rp 136 trillion.
Danantara is actively pursuing consolidation and transformation initiatives within BUMN to further enhance profit potential. Chief Operating Officer Dony Oskaria highlighted the company's financial strength by comparing its performance to Singapore's investment company, Temasek Holdings. "If we talk about size in terms of net income, we are certainly larger than Temasek," Oskaria stated. "This year, I hope our profit reaches Rp 360 trillion, almost double Temasek's Rp 136 trillion."
Oskaria emphasized the importance of public awareness regarding Danantara's achievements, viewing them as a testament to Indonesia's capability in building robust and reliable companies. "This needs to be communicated to the public, that we are actually a nation capable of having dependable companies in the future. This is our shared commitment," he said. He noted that the substantial net income generated by companies under Danantara remains largely unknown to the public, and making this information more accessible is part of Danantara's strategic direction.
This needs to be communicated to the public, that we are actually a nation capable of having dependable companies in the future. This is our shared commitment.
"Our friends at Danantara have a commitment that perhaps not many people know about: our net income, our company profits at Danantara, are larger than Temasek's. Perhaps not many people are aware of this. But this is our roadmap for the future," Oskaria added, underscoring the company's strategic focus on growth and visibility.
Our friends at Danantara have a commitment that perhaps not many people know about: our net income, our company profits at Danantara, are larger than Temasek's. Perhaps not many people are aware of this. But this is our roadmap for the future.
Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.