Jakarta, 3 May 2025 – PT Solusi Bangun Indonesia Tbk (“the Company”) reported its financial performance for Q1 2025, amid persistent market headwinds including industry oversupply, an increased number of public holidays, high rainfall, and consumer purchasing power that has yet to fully recover. During Q1 2025, domestic market demand contracted by 7.4% compared to the same period in the previous year.
Operating in a tough industry environment, Solusi Bangun Indonesia recorded cement and clinker sales volume of 2.8 million tons, with revenue totaling IDR 2.46 trillion. Cost of goods sold decreased by 13%, in line with lower sales volume. Gross profit stood at IDR 422 billion, while net profit for the period reached IDR 48 billion. Additionally, net financial expenses declined by 30.7% compared to Q1 2024.
In response to the Company’s performance, President Director Asri Mukhtar emphasized the Company’s strong efforts to manage operations amid industry pressure.
“Efficiency programs and continuous innovation at Solusi Bangun Indonesia have helped us build resilience. While performance was impacted, we managed to maintain a solid financial structure, which strengthens our ability to respond to market dynamics and pursue growth despite ongoing industry challenges,” said Asri Mukhtar.
Growth Opportunities and Export Expansion
According to the Indonesian Cement Association, national cement sales in 2025 are projected to grow by 1–2%, supported by government and private sector projects, as well as demand from the 3 Million Housing Program, which may offer a path to industrial recovery this year.
Beyond the recovering domestic market, Solusi Bangun Indonesia—a subsidiary of SIG—is currently completing the development of a jetty and special cement production facility to support exports to the United States, under its strategic partnership with Taiheiyo Cement Corporation.
Most recently, Solusi Bangun Indonesia has been supplying ready-mix concrete to the Summarecon Crown Gading integrated residential development project in Bekasi, West Java, and to the Kalibaru Port development project in North Jakarta, which will support national logistics infrastructure.
“Infrastructure and housing will continue to be the main drivers of national economic growth. By maintaining operational excellence and continuous innovation, we are ready to contribute our best to Indonesia’s development,” concluded Asri Mukhtar.