PT Lippo Karawaci Tbk Records IDR 1.80 Trillion in Revenue and IDR 107 Billion in Net Profit in 1Q 2026

PT Lippo Karawaci Tbk (LPKR) today announced its financial results for the first quarter of 2026, ended 31 March 2026.

Amid a challenging and uncertain global macroeconomic environment, LPKR continued to demonstrate resilient performance. The Company recorded revenue of IDR 1.80 trillion, EBITDA of IDR 337 billion, and net profit of IDR 107 billion.

In addition, cash from in operating activities improved by 20% year-on-year (YoY) to IDR 499 billion in 1Q2026, supported by higher customer collections. LPKR ended the quarter with a strong cash position of IDR 1.62 trillion.

In the real estate segment, marketing sales reached IDR 1.95 trillion, representing 32% of the full-year target. This performance was driven by sustained demand for landed housing across both affordable and premium segments in multiple regions. Landed housing accounted for 84% of total marketing sales, reflecting strong interest from first-time homebuyers and end-users.

This achievement was further supported by the launch of Park Serpong Phase 7 in Park Serpong, as well as the Neo 5ense Collection in Cikarang. These developments successfully captured demand from both the mass-market and mid-income segments, reinforcing LPKR’s strong positioning in the landed housing market.

At the Lippo Karawaci (Holdco) level, residential sales contributed IDR 1.22 trillion, supported by commercial unit sales of IDR 156 billion, land plot sales of IDR 30 billion, and cemetery plot sales at San Diego Hills totaling IDR 33 billion. Sales momentum was further strengthened by the launch of new products at Park Serpong Phase 7 in 1Q2026, namely Goldtops, Gold, Silver, Bronze, Urban, and Treetops, which were offered at affordable price points and driven by strong demand in the affordable housing segment.

The lifestyle segment also delivered solid performance in the first quarter, recording revenue of IDR 310 billion, EBITDA of IDR 103 billion, and net profit of IDR 55 billion. This reflects the segment’s resilience amid softer demand, supported by ongoing operational efficiency initiatives.

Operationally, average hotel room rates remained stable at IDR 639 thousand, while mall footfall increased by 6% YoY to 11.5 million visitors per month, indicating continued momentum in retail recovery.

CEO of LPKR, John Riady said, “We are pleased with the continued momentum in our real estate sales, with marketing sales reaching IDR 1.95 trillion, equivalent to 32% of our full-year target. Demand remained focused on landed housing, particularly affordable and mid-market products, which remain central to our strategy. We will continue to focus on execution across our township projects while maintain a prudent approach to capital and operations.”