Paradise Indonesia Posts H1 2026 Profit as Recurring Income Supports Growth
Discover more
JAKARTA — Jakartaweekly.com PT Indonesian Paradise Property Tbk (IDX: INPP), better known as Paradise Indonesia, maintained resilient financial performance in the first half of 2026, posting a net profit of Rp141.98 billion as recurring income and operational efficiency continued to underpin its business amid a challenging property market.
The company generated Rp858.14 billion in consolidated revenue during the January–June period, with its commercial property segment remaining the largest contributor. Management expects revenue to grow 5% to 10% for the full year, supported by the commencement of operations at 23 Semarang Shopping Center and the continued optimization of its portfolio of lifestyle, retail, hospitality, and mixed-use assets.
Vice President Director and Chief Financial Officer Surina said the company’s latest results demonstrate the resilience of its diversified business model.
“We are pleased to have maintained solid performance during the first half of 2026, as reflected in our positive net profit. Contributions from newly operational projects have further strengthened the performance of our existing asset portfolio,” Surina said in a statement.
The commercial segment remained a key growth engine, recording 23% year-on-year growth, driven in part by the expansion of 23 Paskal Shopping Center, which began operations in the third quarter of 2025. The additional retail space helped strengthen the company’s recurring revenue base, with recurring income accounting for 71% of total revenue during the period.
According to management, maintaining a high proportion of recurring income remains central to the company’s long-term strategy.
“Our focus is not only on growth but also on the quality of our earnings. We aim to maintain recurring income at around 70% of total revenue throughout 2026,” Surina added.
Operational efficiency also contributed to improved profitability. EBITDA increased 11% year on year to Rp265.12 billion, reflecting tighter cost management and improved operating performance across the company’s portfolio.
Paradise Indonesia said its diversified business model continues to provide resilience against market fluctuations. With assets spanning retail, hospitality, residential, and mixed-use developments, the company is less dependent on any single revenue stream, allowing different business segments to support one another through varying market cycles.
The company is also continuing to execute its strategy of expanding into high-potential markets while revitalizing existing assets to maximize long-term value. Alongside new developments, Paradise Indonesia has prioritized upgrading and optimizing its established properties to improve operational performance and enhance customer experience.
Management believes this balanced approach—combining disciplined expansion with asset optimization—will help sustain earnings growth despite ongoing industry challenges.
As Indonesia’s property market continues to recover, Paradise Indonesia expects its portfolio of integrated lifestyle destinations and recurring-income assets to remain a key driver of stable financial performance throughout the remainder of 2026.