PT Pelindo Jasa Maritim (SPJM), a subholding of Indonesia’s state-owned port operator PT Pelabuhan Indonesia (Persero), will retain the majority of its 2024 net profit to fund future development, after posting a 16.69% increase in operating revenue for the year.
The decision was made during the company’s Annual General Meeting of Shareholders (AGM), held on June 25 at Pelindo Tower, Jakarta. Shareholders approved the audited financial statements for the fiscal year ending December 31, 2024, and endorsed the company’s strategic direction for the year ahead.
SPJM reported a net profit of Rp391 billion ($24 million) for 2024. Of that, Rp15 billion will be distributed as cash dividends to shareholders, while the remaining profit will be retained to support business expansion and operational improvements.
“The retained earnings will strengthen our capital structure and drive further growth across our marine, equipment, and port services segments,” said President Director Arief Prabowo. “We thank our shareholders for their trust and are committed to delivering sustainable value.”
The AGM also reappointed public accounting firm Purwanto, Sungkoro & Surja (EY) as independent auditor for the 2025 fiscal year and granted full release and discharge (acquit et de charge) to the Board of Directors and Board of Commissioners for their performance in 2024.
SPJM, which operates key services in Indonesia’s maritime logistics ecosystem, said the revenue growth reflects increasing demand for port infrastructure and services, as well as ongoing operational improvements under its parent company’s port integration strategy.