GMFI Reports 2025 Revenue of US$491,9 Million

JAKARTA, Jakartaweekly.com – PT Garuda Maintenance Facility Aero Asia Tbk (GMFI) reported revenue of US$491,9 million as of December 31, 2025, up 16,8% year-on-year from its full-year 2024 performance.

GMF President Director Andi Fahrurrozi said the achievement reflects the company’s consistency in maintaining operational and financial discipline, while reinforcing its role as a strategic enabler within the Garuda Indonesia Group ecosystem.

“Operationally, GMF has also maintained disciplined turnaround times to ensure aircraft serviceability and reliability, despite ongoing global supply chain challenges,” Andi said in a press release on Friday, April 3, 2026.

He added that the performance provides a strong foundation for supporting the fleet reactivation program carried out throughout 2025, while strengthening the sustainable operational readiness of the Garuda Indonesia Group.

The company’s performance, he said, further underscores that the transformation within the Garuda Indonesia Group is not merely cosmetic, but targets measurable fundamental improvements—from fleet readiness and utilization to overall service quality enhancement.

In addition to revenue growth, the company posted a 26,3% increase in net profit to US$33,9 million. On the balance sheet, total assets rose to US$813 million, while equity reached US$114,6 million.

Andi noted that the improved performance was also supported by a corporate action in the form of a land inbreng valued at Rp5,6 trillion, which strengthened the company’s fixed asset base and restored its equity position to positive territory.

Meanwhile, the acceleration of non-commercial aircraft business lines—particularly through the Defense Industry, Industrial Solutions, and Power Services strategic business units—also contributed to growth, generating US$36,7 million in revenue, up 59,9% year-on-year.

Andi added that this strengthened fundamental performance is also reflected in GMFI shares being officially removed from the Special Monitoring List effective March 31, 2026, following GIAA shares, which exited the list earlier on March 26, 2026.

He said the achievement marks an important milestone in restoring market confidence in the Garuda Indonesia Group, while affirming that the ongoing performance improvements have delivered tangible and sustainable results.

According to Andi, the milestone is not merely administrative, but reflects a substantive recovery. “This signals the return of GMFI’s growth momentum and rising market confidence, supported by healthier performance and disciplined execution,” he said.

Entering 2026, GMFI will continue various strategic initiatives, including optimizing fleet reactivation projects, expanding its international market, and increasing its contribution to defense sector projects through cooperation with the Ministry of Defense, in a bid to strengthen the sustainability of the national aviation ecosystem.