Pilotage and towage services provider IPCM approved a dividend payout of 63.9% of 2025 earnings after reporting higher revenue, profit growth and continued progress in governance and sustainability
PT Jasa Armada Indonesia Tbk (IPCM) approved the distribution of 125.51 billion rupiah ($7.7 million) in dividends for the 2025 financial year after posting higher revenue and profit, the company said following its annual shareholders’ meeting.
Shareholders approved the allocation of 196.44 billion rupiah in net profit, with 63.9% to be distributed as dividends, equivalent to 23.75 rupiah per share.
The company previously paid an interim dividend of 23.25 billion rupiah, or 4.40 rupiah per share, in January. The remaining cash dividend of 102.26 billion rupiah, or 19.35 rupiah per share, is scheduled to be paid on July 24.
“The dividend distribution reflects our operational discipline, effective business strategies and commitment to creating value for shareholders,” IPCM President Director and Commercial and Business Development Director Shanti Puruhita said in a statement.
IPCM’s final dividend for the 2025 financial year will follow the schedule below:
- July 1, 2026: Cum-dividend date in the regular and negotiated markets
- July 2, 2026: Ex-dividend date in the regular and negotiated markets
- July 3, 2026: Record date for shareholders entitled to receive the final cash dividend
- July 3, 2026: Cum-dividend date in the cash market
- July 6, 2026: Ex-dividend date in the cash market
IPCM, a subsidiary of Pelindo Jasa Maritim and part of the Pelindo Group, reported revenue of 1.47 trillion rupiah in 2025, up 9.65% from 1.34 trillion rupiah a year earlier.
Tugboat services remained the company’s largest revenue contributor, generating 1.32 trillion rupiah, or nearly 90% of total revenue. Pilotage services contributed 105.07 billion rupiah, while transportation and other services generated 49.67 billion rupiah.
Comprehensive income rose 17.74% year-on-year to 196.44 billion rupiah, while total assets increased 3.91% to 1.71 trillion rupiah.
The company said the results reflected its ability to maintain profitability, strengthen its financial position and support long-term value creation.
Expands ESG, Governance Alignment
IPCM reinforces sustainability initiatives including renewable energy, biodiesel, and port decarbonization, while shareholders approve administrative amendments to Articles of Association to align with KBLI 2025 and strengthen governance compliance framework.
The company reported progress in corporate governance. An external assessment based on the ASEAN Corporate Governance Scorecard (ACGS) awarded the company a score of 124.67 in 2025, placing it in the Leadership in Corporate Governance category.
The company said it also received several awards at the 2024 Annual Report Awards, including top honors in the publicly listed non-financial company category and the 1 trillion rupiah to 5 trillion rupiah revenue category.
Alongside its financial performance, IPCM said it continued integrating environmental, social and governance (ESG) principles into its operations through initiatives including the use of solar panels on vessels, B40 biodiesel, shore power connections, mangrove planting, waste management programs and community development activities.
Shareholders also approved amendments to the company’s articles of association to align its business classifications with Indonesia’s 2025 Standard Industrial Classification (KBLI). The company said the changes were administrative in nature and did not constitute a change in business activities under prevailing capital market regulations.
“We thank our shareholders, customers, business partners and stakeholders for their continued trust and support,” Shanti said. “Their confidence provides a strong foundation for IPCM to continue growing, innovating and contributing to the development of Indonesia’s maritime industry.”