Indonesia · Delayed Price · Currency is IDR PT Lippo Karawaci Tbk Earnings Call Transcripts
Fiscal Year 2025
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Real estate revenue surged 52% year-over-year, while consolidated revenue fell due to Siloam deconsolidation. EBITDA and NPAT improved on a like-for-like basis, with strong deleveraging and a focus on affordable housing. 2026 guidance is IDR 6 trillion in marketing sales.
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Revenue rose 74% year-over-year to IDR 5.51 trillion, with strong real estate and healthcare performance. Deleveraging efforts reduced net expenses, and refinancing eliminated FX risk. Management remains confident in meeting full-year sales targets.
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Revenue grew 35% year-over-year (excluding Siloam), with strong real estate and healthcare performance, but hotel and apartment margins faced pressure. Financing costs dropped sharply, and the full-year marketing sales target of IDR 6.25 trillion is maintained.
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Revenue grew 39% year-over-year to IDR 2 trillion, with strong real estate and mall performance, while hotels faced headwinds from government spending cuts. Net profit reached IDR 169 billion, and all US dollar debt was eliminated, reducing currency risk.
Fiscal Year 2024
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Strong year-on-year growth across all segments, with revenue up 11% and EBITDA up 6%. Net profit surged due to one-off gains from Siloam deconsolidation, and all USD debt was eliminated, strengthening the balance sheet.
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Strong year-on-year growth in real estate, healthcare, and lifestyle segments, with significant debt reduction and improved cash flow following the Siloam divestment. Despite a challenging macro environment, the company is on track to exceed full-year targets and has received credit rating upgrades.
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Strong first half 2024 performance driven by robust growth in real estate, healthcare, and lifestyle segments, with a one-off gain from Siloam divestment and significant debt reduction. Operating cash flow and margins improved, and further deleveraging is expected.