Jakarta, Saturday, March 29, 2025 – PT Repower Asia Indonesia Tbk (“Company”) recorded positive performance throughout 2024 and is ready to go further in 2025 with a targeted strategy. Focusing on the development of landed housing and asset optimization, the Company is optimistic in facing the dynamics of the property industry and taking advantage of every growth opportunity in 2025.

Company Performance in 2024
Closing 2024, the Company recorded solid financial performance by recording sales of IDR115.89 billion, a very significant increase compared to the previous year’s acquisition of IDR8.37 billion, skyrocketing by 1,284.95%

The Company’s Director, Sjafardamsah, revealed that this growth was supported by a large contribution from the Company’s landbank sales in East Bekasi. Meanwhile, the landed residential sales segment also recorded positive performance with a contribution of IDR 11.66 billion, growing 39.38% (yoy) compared to 2023. The landed residential sales came from residential units in the Botanical Puri Asri Housing Complex, Depok – a comfortable and beautiful residential area, strategically located with high accessibility because it is flanked by two main toll gates, namely the Kukusan Toll Road and the Krukut Toll Road.

In line with the improvement in operational performance, the Company’s net profit jumped significantly to IDR24.13 billion, compared to IDR177.77 million in 2023.

“With strong liquidity performance, the Company will continue to accelerate the completion of ongoing projects and optimize the development of new projects, in order to support sustainable business growth,” said Sjafar.

In the financial position report, the Company’s liabilities increased from IDR1.25 billion to IDR2.21 billion in 2024. Meanwhile, total assets increased from IDR352.93 billion to IDR378.05 billion.

The Company’s Prospects and Targets for 2025
Entering 2025, the property sector is projected to grow better than the previous year, in line with the stability of the national economy which is targeted to increase above 5% and various stimuli from the government and regulators. “With the extension of the DTP VAT incentive and the relaxation of the LTV/FTV ratio to 100% by Bank Indonesia until the end of 2025, we are optimistic that this policy will maintain people’s purchasing power and encourage sustainable growth in property demand,” explained Yahya Attamimi, Director of the Company.

Amidst this optimism, the property industry still faces a number of challenges, including global economic stagnation, geopolitical uncertainty, and market volatility that have the potential to affect the stability of the financial sector. The dynamics of regulation and monetary policy are also crucial factors that impact the level of property demand, access to financing, and investment decisions of business actors in the property industry.

In response to these opportunities and challenges, in 2025 the Company will focus on strengthening its main business fundamentals through the development of landed housing. “We see that the demand for landed housing in 2025 is still very promising among other residential business sub-sectors. We believe that the DTP VAT stimulus and the relaxation of LTV/FTV are the main catalysts in increasing purchasing power and encouraging consumer purchasing decisions,” said Yahya.

In addition to focusing on developing landed housing, the Company also seeks to optimize assets and implement financial strategies that are oriented towards liquidity and business sustainability. The Company also strengthens strategic partnerships with banks and related partners to present competitive financing schemes, expand customer bases, and increase sustainable growth.

“In strengthening competitiveness, the Company implements a multichannel marketing strategy and an Agile Organization approach to improve adaptation to market changes,” said Yahya Attamimi, Director of the Company.

Through the implementation of this strategy, the Company is targeting sales of IDR48 billion, from the sale of 24 residential units in the Botanical Puri Asri project. This target reflects a significant increase compared to the previous year’s sales realization.

“We are optimistic that with solid business fundamentals, measurable marketing strategies, and support from strategic government policies, the Company’s performance in 2025 can grow optimally. Thus, the Company can provide added value for shareholders and all stakeholders,” concluded Yahya Attamimi.