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20250226_BHIT_Laporan Informasi dan Fakta Material_31864746_lamp2.pdf
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PT MNC Land Tbk (IDX: KPIG)
Business Updates
2024 Performance and 2025 Outlook
Jakarta, February 26, 2025 – PT MNC Land Tbk (IDX: KPIG or the Company) recorded solid
performance growth throughout 2024. Based on the FY-24 (unaudited) financial statements, the
Company's net revenues reached Rp1.76 trillion, marking a 24% year-on-year (yoy) jump. The
primary contributions came from the hospitality segment, including MICE and F&B, which continue
to see strong demand in line with the rise in business activities and tourism. Additionally, the
Company's office space rental business, including co-working spaces, has also experienced growth,
driven by its strategic locations and high-quality facilities.
From the profitability perspective, PT MNC Land Tbk successfully posted a net profit of
Rp 613 billion in FY-24 (unaudited), surging 78% yoy compared to the same period last year. The
Book Value per Share (BVPS) of KPIG stood at Rp291 per share, while as of February 25, 2025,
KPIG’s stock price closed at Rp133 per share, making it an attractive investment opportunity
compared to its intrinsic value.
2025 Outlook: Sustainable Growth through
Revenue Diversification
Looking ahead to 2025, PT MNC Land Tbk is
confident in accelerating its growth trend by
expanding and diversifying revenue streams. In
addition to hospitality, MICE, F&B, and office
space rental, the Company anticipates substantial
contributions from golf membership sales and
the launch of residences in KEK MNC Lido City.
The Company believes that strengthening the
MICE and F&B sectors will be a key driver of
future business growth, aligning with the rising
demand for high-quality services in these
industries.
PT MNC Land Tbk | 1
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PT MNC Land Tbk’s Main Assets
PT MNC Land Tbk owns and manages a portfolio of premium assets that play a role in driving
business performance, including:
Exclusive hotels and MICE venues in prestigious locations, including Park Hyatt Jakarta, The
Westin Resort Nusa Dua Bali & Bali International Convention Center (BICC), Oakwood Hotel
Surabaya, One East Penthouse & Residences Surabaya, and Lido Lake Resort.
Office buildings, event venues, and co-working spaces in Jakarta, Surabaya, and Bali.
Trump International Golf Club Lido, MNC Lido City SEZ
A fully operational 18-hole World Championship-standard golf course designed by Ernie Els. It is
equipped with high-capacity MICE facilities.
Coming Soon: Hyatt Regency Lido Resort, MNC Lido City SEZ
A five-star hotel offering views of Lido Lake, Mount Salak, Mount Gede, and Mount Pangrango,
with access to outbound attractions at Lido Adventure Park and various other amusements
MNC Lido City SEZ.
PT MNC Land Tbk remains dedicated to developing the MNC Lido City Special Economic Zone (SEZ),
a 1,040 Ha Tourism SEZ within a total area of 3,000 Ha in Lido, West Java. This is the closest
Tourism SEZ from Jakarta and is directly accessible via the Bocimi Toll Road, in just one-hour drive
(approximately 60 km from Jakarta).
Through its business strategies and various projects mentioned above, PT MNC Land Tbk is not
only optimizing long-term revenue potential from the Tourism & Hospitality sector but also making
a significant contribution to Indonesia's tourism and creative economy growth. At the same time,
the Company is creating extensive business opportunities and employment across multiple
supporting sectors.
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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 Jakarta Pusat 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.
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PT MNC Land Tbk’s Main Assets
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