In the first quarter of 2025, PT Jasa Armada Indonesia Tbk (IDX: IPCM) has proven that even amid global economic headwinds, a strong helm and steady course can steer a company toward solid growth.
IPCM reported a 21.15% surge in revenue, reaching IDR355.41 billion, compared to IDR293.37 billion in the same period last year. Net profit followed suit, climbing 14.85% year-over-year to IDR44.24 billion.
At the heart of IPCM’s performance lies its core strength: ship services. This segment alone contributed IDR343.97 billion – an impressive 96.78% of total revenue and a 21.17% jump from the year before.
Public port services generated IDR151.93 billion, while special terminals (Tersus) and terminals for self-interest (TUKS) added IDR130.53 billion and IDR61.51 billion, respectively. Notably, Tersus and TUKS segments recorded significant growth, with revenues rising 41.89% and 9.78%.
Beyond top-line gains, IPCM’s total assets also grew 3.16%, climbing from IDR1.6 trillion at the end of 2024 to IDR1.7 trillion in the first three months of 2025, a testament to the company’s expanding footprint and sound asset management.
Speaking during a press conference on Wednesday, April 30, 2025, President Director Shanti Puruhita reflected on the journey so far. “Despite global uncertainty, we remain confident that 2025 will be a stronger year for IPCM,” she said.
“We’re focusing on optimizing our services, improving fleet and crew readiness, making ship maintenance more efficient, and enhancing partnerships. We’re also preparing to build new ships and implement safer, more effective work systems—all to provide the highest satisfaction for our clients.”
The first quarter also saw IPCM expanding its operational map. In early 2025, it began providing ship towing services at Tarakan Port, marking another milestone in its mission to support the smooth flow of national logistics.
Then, on April 28, IPCM entered into a strategic partnership with PT Sekawan Terminal Samudera (PT STS), signing a Memorandum of Understanding to deliver ship services – especially towing and pilotage – in the Ship to Ship (STS) of the river mouth Ambang Luar Sungai Musi, Palembang, South Sumatra.
But IPCM’s ambitions go beyond expansion and profit. The company is also charting a course toward greener operations. One of its key environmental initiatives is the development of shore power connections, allowing ships to tap into electricity while docked, instead of relying on fuel oil.
“Using shore connections not only reduces fuel costs but also significantly cuts carbon emissions from our fleet,” Shanti explained as she closed her remarks.
As IPCM sails into the rest of 2025, it does so with strong financial winds in its sails, a growing network of partners, and a commitment to innovation and sustainability, ensuring its role as a key player in Indonesia’s maritime and logistics ecosystem remains unshaken.