Spindo (ISSP) Sets Ambitious 2025 Targets Amid Positive Growth Momentum

Financial Projections for 2025

PT Steel Pipe Industry of Indonesia Tbk (ISSP), commonly known as Spindo, is projecting a significant financial performance for 2025. The company is targeting a net profit between Rp550 billion and Rp600 billion for the year, representing a substantial increase from the Rp530.08 billion achieved in 2024. To reach this target, ISSP is aiming for revenue of Rp6.5 trillion, up from Rp6.11 trillion in the previous year.

Year-to-Date Performance

As of October 2025, ISSP has demonstrated positive financial momentum. The company has recorded a net profit of Rp444.9 billion, marking an 8% year-on-year increase. This growth is particularly noteworthy given that the revenue has actually slowed, with ISSP generating Rp4.84 trillion in revenue during the same period. According to Johanes W Edward, Chief Strategy & Business Development Officer, Corporate Secretary & Investor Relation, the company's performance remains in line with expectations despite the revenue slowdown.

Strategic Focus and Outlook

The company's ability to maintain profit growth amidst slowing revenue suggests effective cost management and operational efficiency. ISSP's strategic focus appears to be on optimizing profitability rather than just chasing top-line growth. As the year concludes, the company is well-positioned to meet its ambitious targets. The performance in 2025 is likely to set a strong foundation for future growth, potentially leading to even more ambitious targets for 2026 as hinted in the company's guidance.