MAKASSAR (ISL News) - PT Pelindo Jasa Maritim (SPJM) recorded solid financial performance in the first quarter of 2026. This subholding of PT Pelabuhan Indonesia (Persero) in the maritime services sector posted a net profit that exceeded the target of the Corporate Work Plan and Budget (RKAP).
As of March 2026, SPJM's consolidated operating revenue reached 94% of the RKAP (Work Plan and Budget) with 5% year-on-year (YoY) growth. The improved performance was also reflected in operating profit, which exceeded the RKAP, increasing 74% YoY. Meanwhile, EBITDA grew 45% YoY compared to the same period in 2025.
SPJM's Senior Vice President of Corporate Secretary, Tubagus Patrick, said the achievement reflects the effectiveness of the company's strategy and focused execution since the beginning of the year.
"The first quarter of 2026 performance demonstrates SPJM's business resilience amidst operational dynamics. Several business lines were able to exceed their RKAP targets, although challenges remain in several regions and segments that we continue to mitigate," he said in an official statement.
Operationally, SPJM recorded positive performance in several key services. Docking services, through its subsidiary, PT Pelindo Solusi Maritim (PSM), saw the delivery of 12 vessels. In the shipping lane management segment, tonnage-based realization reached 8.25 million tons, while box-based lane management achieved 99% of the target.
Port support services also recorded significant growth. Clean water production reached 679,837 tons, electricity production reached 59.76 million kWh, while waste management services were a key performance driver, reaching 310% of the 2026 RKAP (Work Plan and Budget). Furthermore, oil spill response (OSR) services achieved their target of 118% of the 2026 RKAP.
In the Equipment line, PT BIMA's subsidiary recorded equipment availability of 89.20%, or 105% of the RKAP, with a maintained level of reliability through stable MTTR and MTBF.
From a balance sheet perspective, SPJM's total assets grew 18% year-on-year as of March 2026. Equity also increased 20% year-on-year. Strengthening liquidity is reflected in a significant surge in operating cash flow compared to the same period the previous year, as well as a 60% year-on-year increase in cash balances.
Management believes this achievement strengthens SPJM's position as a performance contributor within the state-owned port ecosystem. Going forward, SPJM will continue to promote operational excellence, asset optimization, value-added service expansion, and strategic partnership development and digitalization to support growth targets throughout 2026.
(ISL News Editorial Team/Corcom SPJM).
