PT Indonesia Kendaraan Terminal Tbk (IPCC.JK), a vehicle terminal operator, posted a 28.4% rise in third-quarter net profit, boosted by growing volumes in the international market and continued operational digitalisation.
The company reported net income of IDR 190.30 billion ($12.06 million) for the nine months ended September 2025, up from IDR 148.02 billion a year earlier, according to its financial report filed with the Indonesia Stock Exchange (IDX) on Tuesday.
Revenue rose 12.7% year-on-year to IDR 660.24 billion, supported primarily by a 19.7% increase in Complete Built-Up (CBU) cargo revenue, with international and domestic markets contributing 10.2% and 9.5% respectively.
“This performance reflects our commitment to sustainable growth and integrated service improvements,” President Director Sugeng Mulyadi said in a statement.
Finance Director Wing Megantoro said the company remained in a healthy financial position, noting that IPCC was debt-free, with total assets increasing 4.2% to IDR 1.93 trillion at the end of Q3.
Current assets rose 15.8% to IDR 1.04 trillion, aligning with revenue growth.
“We continue to focus on budget efficiency and investments that directly support operational performance and customer satisfaction,” he said.
CBU Strong Leads Segment Performance and Innovation
The company’s CBU cargo segment accounted for 77% of total cargo volume, followed by heavy equipment (11%), trucks and buses (9%), general cargo and spare parts (2%), and other types (1%).
IPCC attributed the strong CBU performance to operational transformation and digital initiatives, including the full rollout of its PTOS-C system at the Jakarta terminal in 2025.
The terminal operator also received a Business Innovation Award from IDX Channel for developments in its Vehicle Distribution Center (VDC), Vehicle Processing Center (VPC), and Port Stock services.
Strategic Priorities for Q4, ESG Commitment
IPCC expanded its operational footprint with the launch of its Banjarmasin Satellite Terminal in October 2024. By Q3 2025, the terminal recorded 327 ship calls and processed 71,545 units of consolidated cargo, including EVs, trucks, and general goods.
With the rising volume of electric vehicles (EVs), especially from international brands, the company expects to handle more than 70,000 EV units by year-end.
“We are optimistic about exceeding 20% growth beyond 2025, supported by a solid strategy and the growing EV ecosystem in Indonesia,” Sugeng said.
Beyond financial performance, IPCC emphasized its commitment to Environmental, Social, and Governance (ESG) principles. The company rolled out multiple community programs through its TJSL (Social and Environmental Responsibility) initiative during the third quarter.
Activities included the Young Journalist program for coastal youth, educational support during Indonesia’s 80th Independence Day, and food donations in celebration of Pelindo Day 4.
Looking ahead, IPCC plans to continue these efforts in Q4 with programs like IPCC Gembira and IPCC UMKM Kuat, in support of national child nutrition campaigns.
“Sustainable business begins with genuine concern for the environment and community,” Sugeng added.
As it enters the final quarter, IPCC will focus on expanding terminal connectivity, reducing logistics costs, and strengthening its position as a provider of integrated vehicle logistics solutions.
“Smart ports, green growth, and innovation are key to IPCC’s future,” said Operations Director Bagus Dwipoyono.