Jakarta, July 28, 2025. PT Jasa Armada Indonesia Tbk (IDX: IPCM) has successfully maintained its financial stability through strategic efforts to grow revenue outside of the Pelindo Group. The company announced its First Half 2025 Financial Report on July 28, 2025, showing a consistent revenue increase of 19.25% year-on-year to IDR 714 billion, up from IDR 598.75 billion in the same period last year.
The largest contributor to revenue came from tugboat services, amounting to IDR 639.27 billion, or 89.53% of total revenue. Pilotage services contributed 7.17%, equivalent to IDR 51.18 billion.
Special terminal (Tersus) vessel services saw a significant increase of 32.52%, reaching IDR 258.4 billion, compared to IDR 194.99 billion in the same period last year.
This growth was driven by improved performance across both existing operational areas and newly expanded regions in Eastern Indonesia. Revenue from public ports also grew 12.91% year-on-year to IDR 306.49 billion, from IDR 271.44 billion. Meanwhile, private terminal (TUKS) services rose 12.3% to IDR 125.56 billion, from IDR 111.81 billion.
IPCM’s balance sheet remains healthy, with total assets increasing 5.31% from IDR 1.65 trillion at the end of 2024 to IDR 1.74 trillion in the first half of 2025. This growth was supported by a 12.33% rise in current assets, from IDR 938.84 billion as of December 2024 to IDR 1.05 trillion in June 2025, in line with revenue growth.
Shanti Puruhita, President Director of IPCM, stated, “Our efforts to improve performance through strategic partnerships have yielded results in line with expectations. Our expansion into Eastern Indonesia has also demonstrated strong and growing revenue potential.”
In early 2025, IPCM began operating tugboat services at the Port of Tarakan as part of its commitment to expand service coverage and support national logistics flow.
At the Annual General Meeting of Shareholders held on June 18, 2025, shareholders approved the allocation of the company’s 2024 net profit of IDR 166.84 billion, with IDR 125.16 billion (approximately 75.02%) distributed as final dividends, equal to IDR 23.72 per share. This reflects IPCM’s appreciation and continued commitment to shareholders and investors for their ongoing support.
“IPCM remains committed to maintaining positive performance while also ensuring consistent company growth. We aim to provide added value and uphold shareholder confidence in IPCM shares,” added Shanti Puruhita.
In its business operations, IPCM continues to prioritize environmentally friendly principles. To maximize the use of renewable energy, the company has implemented shore connection systems—providing electricity from land to ships while docked. IPCM currently operates three pilot boats equipped with solar panels and has adopted the use of more environmentally friendly B40 biofuel.
IPCM’s commitment to ESG principles and sustainable business practices is further evidenced by its environmental initiatives. These include receiving the “Gold Star 4 Environmental Pillar” award for its flagship Mangrove and Tree Planting Program at the 2025 TJSL & CSR Awards. Additionally, IPCM earned the “Silver Award” in the Sustainability Report category at the 2025 Indonesia Social Responsibility Award (ISRA), recognizing its alignment with the Global Reporting Initiative (GRI) standards.
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