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20250502_BHIT_Laporan Informasi dan Fakta Material_31881250_lamp2.pdf
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Q1-2025 Performance: KPIG Posts Revenue of
Rp464.7 Billion, Net Profit of Rp60.7 Billion
Jakarta, May 2, 2025 - PT MNC Land Tbk (IDX: KPIG) or the Company announced its
financial results for the first quarter of 2025 (Q1-2025). KPIG delivered a solid financial
performance in Q1-2025, posting consolidated revenue of Rp464.7 billion, representing
an increase of 32.0% year-on-year (yoy) compared to Rp352.1 billion in the first quarter
of 2024 (Q1-2024). The property business became the largest contributor to KPIG’s
revenue, accounting for 54,0% of total revenue and recording a 54,0% yoy surge to
Rp250.9 billion in Q1-2025, compared to Rp162.9 billion in the same period last year.
Meanwhile, the hospitality business segment also demonstrated steady performance,
generating Rp213.8 billion in Q1-2025, a 13,0% yoy growth from Rp189.2 billion in Q1-2024.
The Company posted EBITDA of Rp87.5 billion in Q1-2025, achieving an EBITDA margin of
18.8%. KPIG’s strong operational performance drove the Company’s net profit from
Rp56.0 billon in Q1-2024 to Rp60.7 billion in Q1-2025.
On the balance sheet side, KPIG reported total assets of Rp35.9 trillion as of the end of
March 2025, growing from Rp35.8 trillion at the end of December 2024. Total liabilities
decreased to Rp7.3 trillion as of March 31, 2025. Meanwhile, equity grew to Rp28.6 trillion
in the first quarter of 2025, up from Rp28.5 trillion at the end of 2024.
Q1-2025 FINANCIAL HIGHLIGHTS
in million Rupiah Q1-2025 Q1-2024
Profit and Loss
Net Revenues 464,711 352,115
Gross Profit 144,765 125,738
Net Profit 60,736 56,025
Net Profit Margin 13.1% 15.9%
Total Net Profit Attributable to :
Owners of the company 53,528 51,368
Non-controlling interests 7,208 4,657
Total Comprehensive Income 77,936 54,879
Total Comprehensive Income
Attributable to :
Owners of the company 70,728 50,222
Non-controlling interests 7,208 4,657
EBITDA 87,498 52,666
EBITDA Margin 18.8% 15.0%
Earnings per share (in full Rupiah) 0.55 0.53
in million Rupiah Q1-2025 FY-2024
Financial Position
Total Assets 35,857,304 35,827,499
Total Liabilities 7,264,261 7,312,392
Total Equity 28,593,043 28,515,107
PT MNC Land Tbk Page | 1
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BUSINESS UPDATES
PT MNC Land Tbk has grown to become one of the largest Tourism & Hospitality Groups in Indonesia, focusing on the
development of its flagship project, namely MNC Lido City Special Economic Zone (SEZ), as well as various projects in
hospitality, amusement, and property segments. Spanning 1,040 ha within a total area of 3,000 ha in Lido, Bogor, MNC
Lido City SEZ is designed to become a world-class tourism and hospitality destination.
Trump International Golf Club Lido, 18-hole Championship Golf Course
Following its official full operation in Q4 2024, the Company has now opened two tee-off sessions to meet the
growing demand for playing slots from both Trump International Golf Club Lido members and special invitations.
Golf activity and membership uptake continue to show robust growth, fueled by rising interest from corporate
clients and expatriates who value the international-standard facilities, exclusive experience, and breathtaking
natural surroundings offered by Trump International Golf Club Lido.
Private Clubhouses (PCH)
The Company offers a total of 21 PCH units, each providing an unparalleled level of privacy and exclusivity. In
partnership with the Trump Organization, PCH ownership includes an Exclusive Corporate membership to Trump
Golf, granting privileged access to all Trump Golf courses worldwide. As of the end of the first quarter of 2025, PCH
sales had reached 70% of the 2025 target.
Movieland
Spanning 21 ha, Movieland is an integrated ecosystem of production facilities and backlots, aimed at driving the
growth of the national film industry. As of the end of March 2025, the construction has reached its final stage, with
over 1,000 episodes of drama series produced at the location.
The MICE (Meetings, Incentives, Conferences, and Exhibitions) and F&B (Food & Beverage) segments play a strategic
role in accelerating the growth of the Company’s hospitality business. To strengthen its position in these areas, the
Company is expediting the execution of several key development projects, including:
The launch of new restaurants at Park Hyatt Jakarta, designed to enhance the hotel’s stature as a premier culinary
destination. Renovation works on several floors to support the restaurant opening are underway, with construction
progress reaching 80% as of April 2025 and operations expected to commence in Q2-2025.
In April 2025, a newly developed beachfront venue
at The Westin Resort Nusa Dua Bali is all set to host
various events. This outdoor space expands the
resort’s event offerings while delivering an
elevated, nature-inspired guest experience for
memorable occasions.
The Company is also finalizing Phase II renovations
aimed at upgrading the room facilities at The
Westin Resort Nusa Dua Bali, with completion
targeted by the end of 2025.
PT MNC Land Tbk Page | 2
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For further information, please contact: PT MNC Land Tbk
Gladys Levina MNC Tower, 17/F, MNC Center
gladys.levina@mncgroup.com Jl. Kebon Sirih No. 17-19, Menteng
investorrelations.mncland@mncgroup.com Central Jakarta 10340, Indonesia
Phone: +62 21 3927471
Fax: +62 21 3921227
www.mncland.com
DISCLAIMER
By accepting this Press Release, you agree to be bound by the restrictions set out below. Any failure to comply with these
restrictions may constitute a violation of applicable securities laws.
The information and opinions contained in this Press Release have not been independently verified, and no representation or
warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or
correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on this Press
Release as providing, a complete or comprehensive analysis of the condition (financial or other), earnings, business affairs, business
prospects, properties or results of operations of The Company or its subsidiaries. The information and opinions contained in this
Press Release are provided as at the date of this presentation and are subject to change without notice. Neither The Company
(including any of its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates,
advisors or representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or
completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss howsoever arising
from any use of this Press Release.
In addition, the information contained in this Press Release contains projections and forward-looking statements that reflect The
Company’s current views with respect to future events and financial performance. These views are based on a number of
estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as
well as various risks and these may change over time and in many cases are outside the control of The Company and its directors.
No assurance can be given that future events will occur, that projections will be achieved, or that The Company’s assumptions are
correct. Actual results may differ materially from those forecasts and projected.
This Press Release is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe
for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or
investment decision in relation thereto.
PT MNC Land Tbk Page | 3
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