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Industrial Services

PT Wijaya Karya (Persero) Tbk

Company Background

State-owned Wijaya Karya is Indonesia's largest construction company. Its business includes construction of buildings, bridges and toll roads. The company also operates units involved in power plant engineering, real estate and mining.

In late October, former chairman Basuki Hadimuljono was appointed as a member of Indonesian President Joko Widodo's cabinet. Hadimuljono, who became chairman in 2012, now serves as the government's public works and public housing minister. Bintang Perbowo has been Wijaya Karya's president since 2008 and previously served as the company's finance director.

Wijaya Karya was established in 1960 as an electrical and water pipe installation company. It went public in 2007. Indonesia's government owns about 65% of its shares.

In April 2014, Wijaya Karya listed shares of its precast concrete subsidiary, Wijaya Karya Beton, which became one of the country's largest IPOs of the year. Part of the proceeds was used to acquire a local concrete producer.

Business Summary

PT Wijaya Karya (Persero) Tbk is engaged in the provision of construction, engineering, mining, and other related services. It operates through the following segments: Infrastructure & Building, Energy & Industrial Plant, Industry, and Realty & Property. The Infrastructure & Building segment consists of civil construction services, such as general construction and infrastructure, roads, bridges, harbors, airports, dams, irrigations, and buildings. The Energy & Industrial Plant segment is focused on the engineering, procurement, and construction services in the electricity sector. The Industry segment is involved in the precast concrete, industrial facilities, and bitumen. The Realty & Property segment offers property management services to residential houses, commercial buildings, and industrial estates. The company was founded on March 11, 1960 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2021 IDRUSD
Gross Profit1,694.56B118.54M
Operating income627,124.72M43.87M
Income before tax196,664.42M13.75M
Net income117,666.93M8.23M
Diluted EPS13.110.00
Dividends Per Share00
Total Assets69,385.79B4,868.32M
Total liabilities51,950.71B3,645.02M
Total equity13,047.08B915.42M
Operating cash flow-4,790.30B-335.10M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 26,176.40B 31,158.19B 27,212.91B 16,536.38B 17,809.71B
Gross Profit 2,876.23B 3,604.72B 3,480.07B 1,524.78B 1,694.56B
Operating income 1,463.18B 1,985.55B 1,841.75B 1,466.19B 627,124.72M
Income before tax 1,462.39B 2,358.62B 2,789.25B 310,275.68M 196,664.42M
Net income 1,202.06B 1,730.25B 2,285.02B 185,766.17M 117,666.93M
EBITDA 2,009.77B 2,277.26B 2,361.90B 2,022.42B 1,063.74B
Diluted EPS 134.10 193.02 254.74 20.70 13.11
Dividends Per Share 26.82 38.60 50.95 0 0
Total Assets 45,683.77B 59,230.00B 62,110.84B 68,109.18B 69,385.79B
Total liabilities 31,051.94B 42,014.68B 43,492.71B 52,049.36B 51,950.71B
Total equity 12,633.51B 14,803.61B 15,905.10B 13,080.53B 13,047.08B
Operating cash flow 1,885.25B 2,722.53B 833,091.32M -906,415.96M -4,790.30B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,956.12M 2,188.57M 1,924.31M 1,137.17M 1,245.88M
Gross Profit 214.93M 253.19M 246.08M 104.85M 118.54M
Operating income 109.34M 139.46M 130.23M 100.82M 43.87M
Income before tax 109.28M 165.67M 197.23M 21.33M 13.75M
Net income 89.82M 121.53M 161.58M 12.77M 8.23M
EBITDA 150.18M 159.95M 167.01M 139.07M 74.41M
Diluted EPS 0.01 0.01 0.01 0.00 0.00
Dividends Per Share 0.00 0.00 0.00 0 0
Total Assets 3,367.14M 4,118.91M 4,474.03M 4,847.62M 4,868.32M
Total liabilities 2,288.70M 2,921.74M 3,132.91M 3,704.58M 3,645.02M
Total equity 931.16M 1,029.45M 1,145.69M 930.99M 915.42M
Operating cash flow 140.88M 191.23M 58.91M -62.33M -335.10M

Valuation Measures

Dec 2021
Operating margin3.52%
Profit margin0.66%

Key executives

  • President Director: Agung Budi Waskito
  • Director-Operations I: Hananto Aji
  • Director-Finance & Risk Management: Adityo Kusumo
  • Head-Engineering & Management System: Sidiq Purnomo
  • Director-Quality, Safety, Health & Environment: Danu Prijambodo


  • Government of Indonesia (65.0%)
  • Norges Bank Investment Management (1.8%)
  • The Vanguard Group, Inc. (1.0%)
  • Dimensional Fund Advisors LP (0.7%)
  • BlackRock Fund Advisors (0.7%)
  • PT Indo Premier Securities (Investment Management) (0.6%)
  • PT Schroder Investment Management Indonesia (0.2%)
  • BlackRock Advisors (UK) Ltd. (0.1%)
  • Credit Mutuel Asset Management SA (0.0%)
  • SSgA Funds Management, Inc. (0.0%)

Contact Details

  • Website:
  • Address: WIKA Tower 1 & 2, Jalan D.I. Panjaitan Kavling 9-10, Jakarta, 13340, Indonesia
  • Phone: +62.21.8067.9200

Related Companies

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  • PT Wijaya Karya Rekayasa Konstruksi
  • PT Wijaya Karya Beton Tbk
  • PT Wijaya Karya Realty
  • PT Wika-NGK Insulators
  • PT Wijaya Tama Perkasa
  • PT Wijaya Karya Industri & Konstruksi
  • PT Wijaya Karya Bitumen


    Last Updated on 4 Oct, 2022

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