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PT Lippo Karawaci Tbk : LPKR Records Net Profit of IDR 169 Billion In The First Quarter of This Year
PT Lippo Karawaci Tbk : LPKR Records Net Profit of IDR 169 Billion In The First Quarter of This
About this update from Pt Lippo Karawaci Tbk
[{"type":"text","content":"\n Press Release\n << Back to News List\n \n \n LPKR Records Net Profit of IDR 169 Billion In The First Quarter of This Year\n \n \n 5 May 2025\n 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.<_o3a_p>\n 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.<_o3a_p>\n 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.<_o3a_p>\n 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.<_o3a_p>\n These results reflect LPKR's continued focus on executing its core strategy, delivering strong operational performance, improving cost efficiency, and reducing debt.<_o3a_p>\n 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.<_o3a_p>\n 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.<_o3a_p>\n 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).<_o3a_p>\n Subsidiary PT Lippo Cikarang Tbk (LPCK) posted marketing sales of I...