BSDE Faces Headwinds as 2025 Financials Decline, Looks to 2026 Catalysts

Financial Performance Overview

PT Bumi Serpong Damai Tbk (BSDE) experienced a significant decline in financial performance during the first nine months of 2025. The company recorded Rp 8.76 trillion in revenue, representing a 12.95% decrease from Rp 10.06 trillion in the same period of 2024 ¹

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Source 2

https://investasi.kontan.co.id/news/luncurkan-kluster-hunian-baru-simak-rekomendasi-saham-bumi-serpong-damai-bsde

. Consequently, net profit also witnessed a substantial decline of 49.53% year-on-year to Rp 1.36 trillion by September 2025 ¹

Source 1

https://investasi.kontan.co.id/news/arah-suku-bunga-jadi-katalis-pendorong-kinerja-bumi-serpong-damai-bsde-pada-2026

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Challenges and Opportunities

The primary challenges facing BSDE in early 2026 include the prevailing high interest rates, which may dampen mortgage-based property purchases. Additionally, rising construction costs and intense competition among developers in the Jabodetabek region could pressure profit margins ¹

. Conversely, the launch of new residential clusters is expected to serve as a potential catalyst for BSDE's future performance.

Revenue Breakdown

Property sales remain the dominant revenue source for BSDE, accounting for 85% of total income ²

. The breakdown includes:

• Residential sales: 39% of revenue (Rp 3.38 trillion), down 28% yoy
• Commercial sales: 26% of revenue, down 7% yoy
• Land sales: 21% of revenue, up 14% yoy

Market Sentiment and Future Outlook

Analysts emphasize that BSDE's revenue profile remains dependent on cyclical property sales, although recurring income provides partial cushioning against market volatility ²

. The direction of Bank Indonesia's interest rate policy, domestic economic stability, and residential property sales trends are identified as key factors influencing future performance ¹

Source 1

https://investasi.kontan.co.id/news/arah-suku-bunga-jadi-katalis-pendorong-kinerja-bumi-serpong-damai-bsde-pada-2026

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