PT Pelindo Jasa Maritim (SPJM), a subholding of Indonesia’s state-owned port operator PT Pelabuhan Indonesia (Persero), reported a 16.87% jump in revenue for the first half of 2025, buoyed by growing vessel traffic, expanded service operations, and improved equipment efficiency.
The company, which oversees marine, equipment, docking, and port utility services across the country, also saw operating profit surge 18.78% year-over-year. Earnings reached 159.09% of the company’s first-half target (RKAP), surpassing internal targets by a wide margin.
“SPJM’s performance this semester reflects our continued commitment to growth and high-quality service delivery,” said Tubagus Patrick, Senior Vice President of Corporate Secretary at SPJM. “This result is driven by the dedication of every SPJM employee across Indonesia.”
The uptick in revenue and profit tracked closely with a rise in vessel activity. Ship calls in January-June period reached 166,264 units, a 104.87% of the company’s target. Pilotage services also exceeded expectations, logging 319,397 vessel movements and reaching 106.59% of first-half projections.
Towing services posted a solid 11.35% year-on-year increase, translating to 2.62 billion gross ton-hours and outperforming the semester’s goal by 111.44%. Docking activity rose 10.54%, with 21 units serviced during the period.
Dredging and channel services saw the sharpest operational jump. Dredged volume rose 39.15% year-over-year to 541,209 cubic meters, while channel throughput increased 3.65% to 13.8 million tons, exceeding targets by more than 5%.
On the equipment side, the company reported strong reliability and availability. Equipment readiness hit 90.33%, exceeding projections, while average repair time fell to 3.39 hours—an improvement of nearly 22% from a year earlier. Mean Time Between Failures reached 126.79 hours, more than four times the original RKAP target and up 13.12% year-on-year.
Utility services provided further tailwinds. Fuel distribution climbed 19.57% to 34,302 kiloliters, while clean water supply expanded 16.7% to 1.4 million tons. Electricity distribution rose 3.44% year-on-year to 104.3 million kWh, and gas distribution jumped 4.01% to 7.77 million mmbtu, achieving 189.13% of RKAP.
Waste handling volumes totaled 83,995 kilograms in the first six months of the year.
SPJM credits these gains to its ongoing service improvements and strategic push to meet milestones in its MEPS business expansion program, a key part of its 2025 corporate roadmap.
“We’re focused on maintaining service excellence and operational resilience,” Patrick added. “That’s how we’ll continue to deliver value to customers and stakeholders.”