PTPP Sets Ambitious Targets for 2026

Revenue and Contract Growth Projections

PT PP (Persero) Tbk (PTPP), a leading state-owned construction company in Indonesia, has announced ambitious targets for 2026. The company is projecting Rp 16 trillion in revenue and Rp 23.5 trillion in new contract acquisitions for the upcoming year. According to PTPP's President Director, Novel Arsyad, these targets represent a significant growth trajectory for the company.

Business Strategy and Focus Areas

The company plans to achieve these targets by focusing on its core business competencies. PTPP will continue to optimize its capabilities in the construction sector while pursuing new opportunities both domestically and internationally. The company is currently working on several significant projects, including a railway construction project in the Philippines with a five-year contract.

Current Performance and Challenges

While PTPP remains optimistic about its 2026 targets, the company experienced some challenges in achieving its new contract targets for the current year. As of now, PTPP has achieved approximately 92% of its targeted new contracts for 2025. The company is still awaiting announcements on new tender decisions for both domestic and international projects, which could potentially boost their contract backlog.

Future Outlook

Despite the slight shortfall in new contract achievements this year, PTPP remains confident in its ability to meet its 2026 targets. The company's focus on its core competencies, combined with its ongoing and future projects, positions it well for continued growth in the construction sector. The successful execution of its current projects, particularly the Philippine railway contract, will be crucial in driving the company's revenue and contract growth in the coming year.