JAKARTA – PT Adhi Karya (Persero) Tbk (ADHI) reported a significant decrease in its total debt by 18.9% year-on-year (yoy) to IDR 25.4 trillion in 2024.

Of the total debt, IDR 9 trillion consists of bank loans, while IDR 10 trillion is trade payables. Along with advances from contracts and other additional liabilities, trade payables with partners amount to IDR 10.5 trillion.

This information was presented by Entus Asnawi Mukhson, President Director of ADHI, during a Hearing Meeting (RDP) with Commission VI of the House of Representatives (DPR) on Wednesday (5/3).

Entus expressed confidence that the significant reduction in liabilities or debt reflects improvements in the company’s financial management. He also believes that the company's cash flow will continue to grow positively. As of December 2024, operating cash flow increased 17.5 times year-on-year to IDR 1.4 trillion.

"So far, I believe the progress can continue to grow," Entus stated, as quoted by IDXChannel.

Additionally, ADHI recorded a significant rise in equity over the last four years, from IDR 5.7 trillion in 2021 to IDR 9.7 trillion by the end of December 2024.

However, Entus acknowledged that the company still requires additional State Capital Injection (PMN) to strengthen its equity, especially for the Jogja-Solo and Jogja-Bawen Toll Road Enterprises. (DH/ZH)