JAKARTA – PT Jasa Marga (Persero) Tbk (JSMR) ended 2024 by recording a net profit of IDR 4.53 trillion, down 33% year-on-year (yoy) from the previous year’s IDR 6.79 trillion.

According to the 2024 Financial Report, JSMR's operating revenue increased by 34.64% yoy to IDR 28.7 trillion, up from IDR 21.3 trillion in 2023.

Pramitha Wulanjani, Finance and Risk Management Director of JSMR, noted in an official statement, on Tuesday (4/3), that this revenue growth was driven by toll revenue reaching IDR 17.19 trillion, other business revenues amounting to IDR 1.54 trillion, and construction revenue at IDR 9.97 trillion.

Furthermore, she revealed that JSMR's EBITDA grew by 27.31% yoy to IDR 12.6 trillion in 2024, up from IDR 9.9 trillion in 2023.

According to research by BRI Danareksa Sekuritas, overall JSMR’s performance remains strong, showing positive profit growth and a pleasant surprise from lower-than-expected interest expenses.

However, with the decline in net profit, JSMR’s earnings per share dropped to IDR 624.92 from the previous IDR 936.03. (EF/ZH)