Jakarta, April 30, 2025 – PT Solusi Bangun Indonesia Tbk (“the Company”) reported its Q1 2025 financial performance amid continued pressure from market oversupply, numerous public holidays, high rainfall, and a still-recovering consumer purchasing power. During Q1 2025, domestic market demand contracted by 7.4% compared to the same period last year.

Operating in a challenging industry climate, Solusi Bangun Indonesia recorded cement and clinker sales volume of 2.8 million tons, with total revenue of IDR 2.46 trillion. Cost of revenue declined by 13% in line with the sales volume decrease. Gross profit stood at IDR 422 billion, while net profit for the period reached IDR 48 billion. Net financial expenses were reduced by 30.7% compared to the same period in 2024.

Responding to the Company’s performance, President Director Asri Mukhtar outlined the Company’s strategic efforts to manage its business under difficult conditions. “Through various efficiency programs and innovation initiatives, Solusi Bangun Indonesia has demonstrated resilience. Although performance is under pressure, the Company has effectively managed its financial structure and fulfilled financial obligations on time. This strengthens our footing in navigating market dynamics and sustaining growth amid ongoing industry challenges,” said Asri Mukhtar.

Growth Opportunities and Export Expansion
According to the Indonesian Cement Association, national cement sales are projected to grow by 1–2% in 2025, supported by the realization of government and private projects, as well as the national 3 million housing program which is expected to open opportunities for industry recovery this year.

In addition to opportunities in domestic market recovery, Solusi Bangun Indonesia—a subsidiary of SIG—is completing the development of a jetty and special cement production facilities to meet export demand to the United States, as part of its strategic collaboration with Taiheiyo Cement Corporation.

Most recently, Solusi Bangun Indonesia has been supplying ready-mix concrete to the large-scale residential development project at Summarecon Crown Gading in Bekasi, West Java, and a port construction project in Kalibaru, North Jakarta, aimed at strengthening national logistics infrastructure.

“Infrastructure and housing will remain key drivers of national economic growth. By maintaining operational excellence and ongoing innovation, we are ready to contribute our best to national development,” said Asri Mukhtar.

About PT Solusi Bangun Indonesia Tbk

PT Solusi Bangun Indonesia Tbk is a publicly listed company with 83.52% of its shares owned and managed by PT Semen Indonesia (Persero) Tbk or SIG. The Company operates an integrated business covering cement, ready-mix concrete under the Dynamix and Semen Andalas brands, aggregates, and environmentally responsible waste management services. It manages four integrated cement plants in Narogong (West Java), Cilacap (Central Java), Tuban (East Java), and Lhoknga (Aceh – operated by subsidiary PT Solusi Bangun Andalas), with a total annual production capacity of 14.86 million tons and more than 2,000 employees.