GOLF Targets Double-Digit Revenue Growth in 2026 as Golf Tourism Expansion Gains Momentum
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JAKARTA, Jakartaweekly.com — PT Intra GolfLink Resorts Tbk (IDX: GOLF) is optimistic about its growth prospects in 2026, targeting revenue growth of more than 10% and net profit growth exceeding 15% as it accelerates the development of an integrated golf tourism ecosystem across Bali, Sentul, and Belitung.
The outlook was presented during the company’s Annual General Meeting of Shareholders (AGMS) and Public Expose held in Jakarta on June 2, where management outlined financial performance, strategic projects, and expansion plans for the remainder of the year.
The shareholders approved a cash dividend of Rp10.36 billion, equivalent to 20% of the company’s 2025 net profit of Rp51.8 billion. The company will allocate another 30% of earnings to statutory reserves, while the remaining 50% will be retained to support future expansion and strengthen capital.
GOLF recorded net revenue of Rp215.5 billion in fiscal year 2025, representing an 8.9% increase from Rp198 billion in the previous year.
The growth was driven primarily by the strong performance of New Kuta Golf, which generated Rp182.3 billion in revenue, supported by rising visitor traffic and ongoing improvements to course quality and supporting facilities.
The company also began recognizing revenue from its property business through the handover of units at The Links Golf Villa Cluster 1 and the continued development of Sequoia Hills in Sentul.
As a result, GOLF posted a net profit of Rp51.8 billion despite ongoing investments in strategic projects.
The positive momentum continued into the first quarter of 2026. Net revenue rose 1.31% year-on-year to Rp28.82 billion, while operating profit surged 146.16% to Rp3.18 billion. Net profit increased 20.6% year-on-year to Rp1.6 billion, supported by operational efficiencies and lower administrative expenses.
GOLF’s growth strategy centers on combining recurring revenue from golf operations with premium property development and hospitality projects.
One of its flagship initiatives is Banyan Tree Pecatu Resorts, a luxury resort project that will be operated by Banyan Tree Hotels & Resorts. Management believes the project will strengthen Bali’s appeal as a premium golf and leisure destination while increasing visitor traffic to the company’s surrounding assets.
The company is also enhancing attractions at New Kuta Golf, including the iconic Hole 17 “Dewa’s Landing,” known for its dramatic waterfall and lake views. New facilities under development include an event venue, a clubhouse, and commercial areas aimed at increasing recurring revenue streams.
In Sentul, GOLF continues to advance the Sequoia Hills development project to support recurring property-related income and cash flow generation.
Meanwhile, the company is positioning Black Rocks Golf & Leisure as a new growth engine through the introduction of tourism and recreation facilities, including the Laskar Pelangi Beach Food Plaza and Black Rocks Camping Ground.
The development will be complemented by The Links Golf Villa Belitung, creating additional opportunities in premium golf-oriented residential properties.
President Commissioner Darma Mangkuluhur Hutomo said the company’s long-term vision is to establish a fully integrated golf tourism ecosystem in Indonesia.
“With growing interest in high-quality leisure and tourism experiences, golf is becoming an increasingly important component of Indonesia’s tourism sector. Our portfolio of international-standard golf courses, leisure facilities, and integrated property developments in Bali, Sentul, and Belitung positions GOLF to create sustainable long-term value for shareholders,” he said.
President Director Dwi Febri Astuti added that operational discipline and cost efficiency will remain key priorities as the company accelerates the completion of strategic projects and seeks to maximize revenue from new commercial facilities.
With a growing portfolio spanning golf, hospitality, tourism, and premium residential developments, GOLF is betting that Indonesia’s rising leisure economy will continue to drive demand and support its double-digit growth ambitions in 2026.