Jakarta, Mei 5, 2025 – PT Lippo Karawaci Tbk (LPKR), Indonesia’s leading integrated real estate and healthcare services platform, reported strong financial results for the first quarter of 2025, underscoring the Company’s continued operational discipline and strategic focus.
LPKR recorded an Net Profit After Tax (NPAT) of IDR 169 billion, marking a sharp turnaround from a loss of IDR 179 billion in the same period last year. The Company also posted EBITDA of IDR 375 billion in Q1 2025.
The Company maintained a robust liquidity position, with cash increasing to IDR 2.77 trillion as of March 31, 2025, compared to IDR 2.62 trillion in the previous year, reflecting effective cash and financial management.
LPKR’s commitment to strengthening its balance sheet was evident in a 71% year-on-year reduction in net interest expense, which fell to IDR 93 billion. This was driven by the successful repayment of IDR 1.04 trillion in bonds and IDR 740 billion in bank loans, significantly reducing leverage and future financing costs.
These results reflect LPKR’s continued focus on executing its core strategy, delivering strong operational performance, improving cost efficiency, and reducing debt.
In the property segment, LPKR achieved marketing sales of IDR 1.26 trillion, reaching 20% of its full-year target in Q1 2025. This performance was largely fueled by sustained demand for affordable landed homes, which contributed 80% of total sales, driven by strong interest from first-time buyers and end-users.
Flagship projects such as Cendana Homes, XYZ Livin, and Waterfront Uptown continued to perform well. Notably, Park Serpong Phase 4 and the Blackslate Series in Tanjung Bunga, Makassar, achieved absorption rates of 96% and 88%, respectively.
At the Lippo Karawaci (Holdco) level, residential sales contributed IDR 792 billion, with additional revenues from commercial units (IDR 71 billion), high-rise inventory (IDR 28 billion), land lots (IDR 18 billion), and cemetery plots at San Diego Hills (IDR 31 billion).
Subsidiary PT Lippo Cikarang Tbk (LPCK) posted marketing sales of IDR 323 billion, with over 96% contributed by landed homes and shophouses. Projects such as XYZ Livin and Cendana Spark North continued to attract strong buyer demand.
LPKR’s lifestyle segment (comprising malls and hotels) also delivered solid results, with revenue growing 13% YoY to IDR 322 billion. Gross profit rose 34% to IDR 239 billion, while EBITDA surged 59% YoY to IDR 106 billion, reflecting strong operating leverage.
John Riady, Group CEO of Lippo Indonesia, commented: “We are off to a positive start in 2025, underpinned by our focused execution, operational resilience, and financial discipline. Our affordable housing strategy continues to resonate with end-users, and our debt reduction strategy is yielding tangible results through lower interest costs. We remain committed to expanding access to quality housing for more Indonesians, while driving sustainable growth for our stakeholders.”
---
About PT Lippo Karawaci Tbk
Listed on the Indonesia Stock Exchange, PT Lippo Karawaci Tbk (LPKR) is Indonesia’s leading real estate and healthcare services platform, with a presence in 26 provinces and 56 cities across the country and total assets of IDR 53.7 trillion as of December 31, 2024. The Company’s core businesses include real estate development, township management, healthcare services, lifestyle malls, and hospitality.
As a leading real estate developer and township operator with 1,380 hectares of developable land, LPKR develops and manages urban developments primarily in Java and Sulawesi, including its flagship township, Lippo Village in Tangerang. Through its two publicly listed subsidiaries, PT Lippo Cikarang Tbk and PT Gowa Makassar Tourism Development Tbk, in which the Company holds ownership stakes of 83.99% and 62.69% respectively, LPKR also develops and manages the Lippo Cikarang township in Bekasi and Tanjung Bunga in Makassar.
In addition, LPKR holds a 29.09% stake in PT Siloam International Hospitals Tbk, Indonesia’s leading private hospital network, operating 41 hospitals and 73 clinics across 23 provinces nationwide. Beyond healthcare, the Company manages 59 malls throughout Indonesia and owns a 47.29% stake in Lippo Malls Indonesia Retail Trust (LMIRT), a Singapore-listed REIT with assets under management of SGD 1.6 billion as of December 31, 2024. The Company also operates 10 hotels under the Aryaduta brand, along with country clubs and golf courses.
