JAKARTA (ISL News) – PT Jasa Armada Indonesia Tbk (IDX: IPCM), a ship pilotage and towing services provider and part of the Pelindo Group, continued to record positive operational performance in the first half of 2026 amidst increasing challenges in the global maritime industry. Based on the financial report for the period ended June 30, 2026, the Company recorded operating revenues of Rp729.68 billion, an increase of 2.20% compared to the same period the previous year of Rp714.00 billion.
This achievement demonstrates IPCM's business resilience in maintaining growth amidst increasing external pressures, including rising global oil prices, which have impacted vessel operating costs. Despite these challenges, the Company has maintained revenue growth through strengthening operational effectiveness, increasing fleet productivity, optimizing services, and fostering sustainable synergy within the Pelindo Group ecosystem.
IPCM's primary revenue contributor continues to be ship services, which accounted for Rp704.27 billion, or approximately 96.52% of the company's total revenue. This segment was supported by towing service revenue growth of 3.94% year-on-year (YoY) to Rp664.42 billion.
In addition, several business segments also showed positive growth, including revenue from ship services at Public Ports (Pelum) which increased by 6.54% YoY to Rp326.53 billion, revenue from Terminals for Own Interest (TUKS) grew by 11.42% YoY to Rp139.90 billion, and revenue from transportation and other services increased by 7.89% YoY to Rp25.42 billion.
The Company also sees positive growth prospects in the Special Terminal (Tersus) segment, along with increasing port activities, including plans for foreign ship visit services from one of the global shipping giants, namely mother vessels measuring Handymax/Supramax (150-200 Meters) to Panamax (>250 Meters) regularly 3-4 Calls Per Month at Patimban Port. This development is expected to allow large Container ships visiting Tanjung Priok Port to also dock at Patimban Port and can open up opportunities for increased demand for ship pilotage and towing services which are IPCM's main competencies.
Shanti Puruhita, President Director of PT Jasa Armada Indonesia Tbk, stated that the first half of 2026 was a challenging period for the maritime industry. Nevertheless, IPCM was able to maintain revenue growth and maintain optimal operational continuity.
"The rise in global energy prices has put pressure on the shipping industry's operating costs. However, IPCM has been able to maintain revenue growth by increasing operational effectiveness, optimizing fleet utilization, and strengthening synergies with the Pelindo Group. This reflects the resilience of the Company's business model in the face of external dynamics," said Shanti.
In terms of market development, Pelindo's captive market segment continues to strengthen, contributing 63.92% to total revenue, up from 60.51% in the same period last year. This demonstrates the effectiveness of synergies within the Pelindo Group ecosystem and strengthens IPCM's position as a trusted marine services provider.
The Company's financial fundamentals also remain well-maintained. As of the end of June 2026, IPCM's total assets increased 2.32% compared to the end of 2025, reaching Rp1.75 trillion, while current assets grew 4.79% to Rp1.06 trillion. This demonstrates the Company's ability to maintain liquidity, support operational needs, and provide space for sustainable business development.
Consistently Providing Added Value for Shareholders
IPCM's commitment to providing added value to shareholders is also reflected in the decision of the Annual General Meeting of Shareholders (AGMS) on June 23, 2026, which approved the use of 2025 financial year profits of Rp196.44 billion for the distribution of final dividends of Rp125.51 billion or approximately 63.90% of net profit, with a value of Rp23.75 per share which was distributed on July 24, 2026.
The dividend distribution is a form of the Company's appreciation for the support and trust of shareholders and reflects IPCM's commitment to maintaining a balance between business growth, strengthening the company's fundamentals, and optimizing value for investors.
Strengthening ESG Commitment through Sustainable CSR Programs
In May 2026, IPCM won the "Indonesia Best CSR in Pilotage & Towage Sector 2026" award at the Indonesia Best CSR Awards 2026, organized by The Iconomics and Axia Research. The award was given based on a CSR Brand Equity study that assesses the level of public awareness of a company's CSR activities and the company's image in carrying out its social responsibilities.
IPCM Corporate Secretary, Eddy Haristiani, emphasized the company's commitment to running a sustainable business that is not only oriented towards achieving economic performance but also creating sustainable social and environmental benefits. "This award motivates IPCM to continue improving the quality of its CSR programs to have a broader impact on society and the environment. We believe that sustainable business growth must go hand in hand with the creation of social and environmental value for all stakeholders," Eddy concluded.
(ISL News Editorial Team/Corcom IPCM).
