Indonesia's Heavy Equipment Financing Shows Strong Growth Through Q3 2025

Positive Trend in Multifinance Industry

The Financial Services Authority (OJK) has reported a 9.38% year-on-year (YoY) growth in heavy equipment financing through multifinance companies, reaching Rp48.24 trillion by September 2025. This growth indicates a positive trend in Indonesia's multifinance industry despite various economic challenges. Agusman, OJK's Executive Head of Supervision for Financing Institutions, stated that the growth is expected to continue through the end of the year.

Company Performance Highlights

Several major players in the multifinance sector have reported significant growth in their heavy equipment financing portfolios. PT BRI Finance Indonesia recorded a 13.21% YoY growth in heavy equipment financing by September 2025. The company's CEO, Wahyudi Darmawan, attributed this growth to the 33.65% increase in domestic heavy equipment production during the first half of 2025, as reported by the Indonesian Heavy Equipment Industry Association (Hinabi).

PT Adira Dinamika Multi Finance Tbk (ADMF), another major player, reported Rp374 billion in heavy equipment financing by September 2025. The company's CFO, Sylvanus Gani, noted that the mining sector accounted for 70% of their heavy equipment financing, with the majority of these investments concentrated in Kalimantan.

Market Analysis and Future Outlook

The Indonesian Association of Financing Companies (APPI) suggests that the demand for heavy equipment financing is positively influencing investment financing growth in the multifinance industry. OJK data shows that investment financing in the multifinance sector reached Rp177.33 trillion by June 2025, representing an 8.18% YoY growth. The increased demand is partly attributed to the influx of Chinese heavy equipment into the Indonesian market, offering competitive pricing that attracts mining contractors and operators.

Conclusion

The growth in heavy equipment financing reflects the ongoing investment in Indonesia's mining and infrastructure sectors. While commodity price pressures remain a challenge, the multifinance industry is expected to maintain its positive trajectory through the end of 2025, supported by strong demand and competitive market conditions.