Agung Podomoro Land (APLN) Optimizes High-Value Assets to Drive New Property Developments
May 5, 2026
PT Agung Podomoro Land Tbk. (APLN) continues to strengthen its expansion strategy by optimizing high-value assets to support the development of new property projects across Indonesia. Through a consistent asset optimization strategy implemented over the past several years, the company has managed to improve its financial performance while maintaining business growth momentum.
APLN Corporate Secretary Justini Omas stated that the company is currently developing and expanding various property projects in several major cities, including Jakarta, Bogor, Bandung, Karawang, Balikpapan, Medan, and Bali.
“We continue to maximize opportunities in the growing property sector and increasing consumer demand every year. Through the right strategy and disciplined, measured, and well-prepared execution, we believe APLN will continue to deliver positive performance in the future,” she said.
The company’s strategy has started to show significant results. Based on its first-quarter 2026 financial report, APLN recorded sales and operating revenue of Rp2.9 trillion, marking a sharp 232% increase compared to Rp874.5 billion in the same period last year.
The strong revenue growth also successfully turned the company’s financial position around, shifting from a net loss of Rp55.6 billion in the first quarter of 2025 to a net profit of Rp513.8 billion in the same period this year.
According to Wafi, the positive turnaround reflects the success of APLN’s asset recycling and asset optimization strategy.
“APLN’s turnaround in the first quarter of 2026 reflects the results of the company’s asset recycling and optimization strategy. The monetization of mature assets has successfully boosted revenue while also improving the company’s bottom line,” he explained.
The company’s success in optimizing mature, high-value assets has become one of the key drivers behind its improving business fundamentals.
Since 2017, APLN has gradually divested several property assets as part of its strategy to finance new high-value developments and reduce foreign currency debt, particularly debt denominated in US dollars.
Some of the assets divested by the company include Central Park Mall, Neo Soho Mall, Pullman Ciawi Vimala Hills, and most recently Deli Park Mall Medan.
Through this long-term strategy, APLN aims to maintain healthy financial fundamentals while continuing to expand its property portfolio and strengthen its position in Indonesia’s property industry.
Source: IDX
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