Ranking Jakarta’s 6 Most Profitable Regional Enterprises in 2025

JAKARTA, Jakartaweekly.com — Despite a challenging economic environment throughout 2025, several regional state-owned enterprises (BUMDs) under the Jakarta Provincial Government managed to deliver positive financial results.

Business diversification, operational efficiency measures, and the development of new revenue streams were among the key factors supporting profit growth across the city-owned companies.

According to the latest financial reports, at least six Jakarta-owned enterprises posted net profits in 2025. They were PT Air Minum Jaya (PAM Jaya), Bank DKI, PT Transportasi Jakarta (Transjakarta), PT Pembangunan Jaya Ancol Tbk, PT Jakarta Tourisindo, and PT Mass Rapid Transit (MRT) Jakarta.

Among the six companies, water utility operator PAM Jaya recorded the highest net profit, exceeding Rp1 trillion, while MRT Jakarta posted the smallest profit.

The following is a closer look at the performance of the six Jakarta-owned enterprises that reported net profits in 2025.

PT Air Minum Jaya (PAM Jaya)

PT Air Minum Jaya is listed as the most profitable BUMD. This company that better known as PAM Jaya is 100% owned by Jakarta’s Provincial Government. PAM Jaya is responsible for providing clean water access to Jakarta residents. 

In 2025, the company posted a net profit of Rp1,03 trillion, representing a 40,79% year-on-year (YoY) increase from Rp735,41 billion. 

This profit growth was supported by a clean water tariff increase policy effective from January 1, 2025. This tariff increasement marking the first tariff adjustment in 17 years. The policy significantly boosted the company’s revenue. PAM Jaya’s revenue rose 44,44% from Rp2,97 trillion to Rp4,29 trillion. 

PT Bank DKI

The Regional Development Bank owned by the Jakarta Provincial Government (99,98%) and Perumda Pasar Jaya (0,02%) recorded net interest and sharia income of Rp2,85 trillion, uo 0,11% from Rp2,84 trillion in 2024. The performance of this second in the list of the most profitable Jakarta’s BUMD was driven by an increase in gross interest and sharia income, which reached Rp5,86 trillion, up 1,21% from Rp5,79 trillion in the previous year. 

The bank’s solid performance was supported by its funding strategy, which focused on optimizing the Jakarta provincial government’s ecosystem and expanding its non-government customer base. Total customer deposits increased significantly from more than Rp56 trillion in 2024 to Rp73 trillion in 2025. 

Going forward, Bank DKI plans to strengthen its low-cost retail funding and Current Account Savings Account (CASA) base to reduce funding costs and improve margin competitiveness. 

Including other operating income, Bank DKI’s total revenue in 2025 reached Rp6,51 trillion, an increase of 1,5% from Rp 6,41 trillion in 2024. However, net profit for the year declined by more than 50%, falling to Rp330,01 billion from Rp779,1 billion. This was caused by the 19% increase in total other operating expenses. 

PT Transportasi Jakarta 

Transjakarta was among Jakarta’s BUMDs that generated substantial profit in 2025. The public transportation company owned by Jakarta’s Provincial Government (99,7%) and PT Jakarta Propertindo (0,30%), recorded a net profit of Rp207,75 billion, up 3,58% from Rp200,56 billion in 2024. 

The increase in profit was driven by higher public service obligation (PSO) subsidies and growth in non-fare business revenue. 

The Jakarta Provincial Government allocated Rp4,04 trillion in subsidies in 2025, representing an 11,29% increase from Rp3,63 trillion in 2024. Meanwhile, non-fare business revenue rose 17,84% from Rp221,12 billion to Rp260,58 billion. 

This non-fare revenue was generated through bus branding, bus rentals, activations, retail activities, and station naming rights. 

As a result of these two revenue streams, Transjakarta’s total revenue reached Rp4.98 trillion in 2025, up 11,40% from Rp4,47 trillion in 2024. 

PT Pembangunan Jaya Ancol Tbk (PJAA)

PT Pembangunan Jaya Ancol Tbk, a regional-owned enterprise of the Jakarta Provincial Government, was among the BUMDs that reported profit in 2025. This company is owned by Jakarta Provincial Government (72%), PT Pembangunan Jaya (18,01%), and public shareholders (9,99%). The company operates in property development and integrated recreational area management. 

The publicly listed BUMD generated operating revenue of Rp1,12 trillion, down 11% from Rp1,26 trillion in 2024. The decline was primarily caused by a decrease in visitor numbers, which fell 3,6% to 9,6 million visitors. 

Despite the lower revenue, the company’s net profit increased. PT Pembangunan Jaya Ancil recorded a net profit of Rp180,19 billion, up 1,3% from Rp177,8 billion in the previous year. 

The increase was largely driven by compensation income related to a toll construction project. The company received Rp175,92 billion compensation payments. 

PT Jakarta Tourisindo 

Lastly, PT Jakarta Tourisindo reported a net profit of Rp120,51 billion in 2025. PT Jakarta Tourisindo is a Jakarta Provincial Government-owned enterprise owned by Jakarta Provincial Government (99,36%) and Perumda Pasar Jaya (0,64%)  operating in the hospitality, tourism, creative economy, and public space management sectors. 

Better known as Jakarta Experience Board (JXB), the company manages seven hotels Jakarta under brands such as Grand Cempaka Resort, The Tavia Heritage Hotel, D’Arcici, and C’One. It also manages event organization services (JXLive), develops and operates creative spaces (JXSpace), culinary ventures (JXTaste), tourism destination management (JXPlore) and merchandise businesses (JXStore). 

The company recorded a 63,34% increase in net profit from Rp74,23 billion in 2024 to Rp120,51 billion in 2025. This growth was supported by an 84,15% increase in revenue, which rose from Rp97,25 billion to Rp179,09 billion. 

The strong performance was driven by higher room sales and occupancy rates, reflecting the success of the company’s business consolidation strategy, asset optimization efforts, and increased contributions from its tourism and event business segments. 

PT Mass Rapid Transit (MRT) Jakarta

Throughout 2025, MRT Jakarta recorded a 7% YoY increase in revenue. The company’s revenue rose from Rp1.4 trillion in 2024 to Rp1.5 trillion in 2025. This performance was primarily driven by rising ridership, which has shown consistent growth since 2021, as well as increasing non-farebox revenue.

This strong performance was driven by rising ridership. In 2025, the total passenger traffic increased to more than 46 million, from 40,8 million in 2024. 

According to management, MRT Jakarta’s revenue achieved a compound annual growth rate (CAGR) of 2.3% between 2021 and 2025. Meanwhile, the company’s EBITDA margin remained strong, ranging between 35% and 51% over the past several years.

The company, which is owned by Jakarta Provincial Government (99,997%) and Perumda Pasar Jaya (0,0023%), also reported a net profit of Rp15.92 billion in 2025, up significantly from Rp9.08 billion recorded in 2024.

Net Profit of Jakarta-Owned Enterprises in 2025