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Statements of Profit (Loss) and Other Comprehensive Income

(In Million Rupiah)

Description 2025 2024 2023* 2022* 2021
Net Revenues 1,569,575 1,971,896 1,487,588 2,062,171 1,380,071
 Precast 740,431 866,209 540,400 830,931 686,348*
 Readymix and Quarry 504,647 681,507 579,837 410,796 422,786*
 Construction service 324,497 424,181 367,351 820,444 270,937*
Cost of Revenues (1,295,109) (1,602,222) (1,496,423) (1,757,946) (1,073,123)
Gross Profit (Loss) 274,466 369,675 (8,835) 304,225 306,949
Sales Expenses (99,215) (137,382) (93,827) (117,165) (154,906)
General and Administrative Expenses (380,594) (473,731) (506,330) (543,518) (1,216,867)
Non-Contributing Plant Expenses (22,939) (90,537) (114,993) (428,527) (361,571)
Final Income Tax Expenses (8,599) (7,387) (1,275) (4,465) (8,654)
Gain (Loss) Foreign Exchange - Net - 7 (64) 294 516
Interest Income 2,164 2,629 2,131 1,848 1,166
Net Other Income (Expenses) (12,841) (376,662) 976,457 1,914,352 107,256
Profit (Loss) Before Financial Cost and Tax (247.557) (713,389) 253,264 1,127,045 (1,326,112)
Financial Charges (283,913) (283,913) (246,964) (451,275) (617,251)
Profit (Loss) Before Tax (537,370) (997,302) 6,300 675,770 (1,943,362)
Current Income Tax Expenses - - - - -
Deferred Tax Expenses - - - - -
Net Profit (Loss) for the Year (537,370) (997,302) 6,300 675,770 (1,943,362)
Other Comprehensive Income (Loss)
Remeasurement of Defined Benefit Obligations - Net 743 632 (152) (449) (4,478)
Fixed Assets Revaluation Surplus (Deficit) - - - - 43,414
Other Comprehensive Income 41,903 77,088 (152) (449) 38,937
Total Comprehensive Profit (Loss) for the Year (495,466) (920,214) 6,149 675,321 (1,904,426)
Basic Earnings (Loss) per Share (in full Rupiah) (10.84) (20.62) 0.16 27.56 (79.27)

*Restated due to reclassification of certain accounts

Statements of Financial Position

(In Million Rupiah)

Description 2025 2024 2023* 2022 2021
ASSETS
Current Assets
Cash and Cash Equivalents 61,564 205,754 120,812 238,947 93,664
Net Trade Receivables
 Related Parties 289,376 323,288 509,633 621,213 887,702
 Third Parties 98,093 100,248 85,078 212,053 467,556
Retention Receivable
 Related Parties 134.783 144,971 207,700 - -
 Third Parties 1,031 2,265 7,515 - -
Other Receivables
 Related Parties 3,262 13,724 1,534 17,051 2,167
 Third Parties 30,248 3,871 90,837 8,038 4,917
Inventories 144,452 204,661 250,413 346,193 595,243
Gross Amount
 Related Parties 90,061 225,246 246,361 541,752 259,794
 Third Parties 15,475 44,300 71,180 179,203 173,742
Prepaid Taxes 14,191 15,488 56,795 78,282 76,104
Advances to Third Parties 1,133 10,454 164 181 631
Prepaid Expenses 18,147 34,564 30,056 18,179 107,599
Held-for-Sale Assets - - - - 1,518,964
Total Current Assets 901,817 1,328,834 1,678,077 2,234,092 4,188,082
Non-Current Assets
 Net Fixed Assets 2,100,182 2,221,654 2,752,257 3,680,902 2,574,848
 Leasing Assets 1,594 2,876 8,777 13,659 24,799
 Net Other Assets 51,949 65,267 34,035 35,006 94,348
Total Non-Current Assets 2,153,724 2,289,797 2,795,069 3,729,566 2,693,995
Total Assets 3,055,541 3,618,631 4,473,146 5,963,658 6,882,077
LIABILITIES
Current Liabilities
Short Term Bank Loans
 Related Partiess - - - - 1,765,463
 Third Parties 671,127 671,127 671,127 671,127 2,099,768
Net Short Term Bonds Payable - - - 1,850,770 1,997,172
Trades Payable
 Related Parties 339.927 482,644 527,138 1,303,878 51,576
 Third Parties 538.344 674,383 744,035 1,976,495 2,983,349
Gross Payables
 Related Parties 15.578 17,896 37,747 - -
 Third Parties 174,726 208,804 200,865 - -
Other Payables
 Related Parties 15,403 16,211 25,154 17,951 70,017
 Third Parties 29,776 6,869 2,844 1,051 7,227
Taxes Payable 42,031 58,385 46,355 45,882 53,303
Accrued Expenses 235,110 267,934 294,733 578,762 570,863
Advances from Customers
 Related Parties 13,604 88,681 54,057 32,436 17,419
 Third Parties 66.368 11,691 37,646 41,166 7,387
Lease Liabilities 125 1,339 4,347 2,972 -
Total Current Liabilities 2,142,118 2,505,965 2,646,049 6,522,490 9,627,619
Non-Current Liabilities
Long Term Bank Loans
 Related Parties 1,008,853 951,159 901,879 677,672 -
 Third Parties 761,585 713,883 672,637 630,603 -
Employee Benefits Liabilities 31,420 27,294 31,043 17,372 19,944
Bonds Debts 269,468 248,134 228,967 211,746 -
Mandatory Convertible Bonds 807,697 727,655 651,812 - -
Deferred Tax Liabilities - - - - -
Lease Liabilities 1,536 2,355 5,252 6,983 13,043
Total Non-Current Liabilities 2,880,558 2,670,479 2,491,591 1,544,376 32,987
Total Liabilities 5,022,676 5,176,444 5,137,640 8,066,866 9,660,606
EQUITY
Share Capital – Nominal Value of Rp100 and Rp50 per Share
Authorized Capital – 147,266,778,136 Shares
Issued and Fully Paid-up Capital –56,780,478,486 Shares 4,157,082 4,072,310 4,045,8442,636,116 2,636,116
Additional Paid-up Capital 3,969,169 3,967,796 3,967,367 3,944,529 3,944,529
Treasury Stock (775,954) (775,954) (775,954) (775,954) (775,954)
Retained Earnings
 Appropriated 272,173 272,173 272,173 272,173 272,173
 Unappropriated (9,989,385) (9,452,758) (8,456,089) (8,462,238) (9,137,558)
Other Components of Equity 399.780 358,620 282,164 282,164 288,438
Total Equity (1,967,135) (1,557,813) (664,494) (2,103,208) (2,778,529)
Total Liabilities and Capital Deficiency 3,055,541 3,618,631 4,473,146 5,963,658 6,882,077

Statement of Cash Flows

(In Million Rupiah)

Description 2025 2024 2023 2022 2021
Net Cash Provided from (Used in) Operating Activities (144,338) 82,213 (106,350) 151,946 (18,562)
Net Cash Provided from (Used in) Investing Activities 4,005 17,115 (1,144) (1,598) (387)
Net Cash Provided from (Used in) Financing Activities (3,857) (14,393) (10,577) (5,360) (131,586)
Net Increase (Decrease) in Cash and Cash Equivalents (144,190) 84,936 (118,072) 144,989 (150,535)
Unrealized Gain/(Loss) on Foreign Exchange - 7 (64) 294 0
Cash and Cash Equivalents at Beginning of the Year 205,754 120,812 23,947 93,664 244,199
Cash and Cash Equivalents at End of the Year 61,564 205,754 120,812 238,947 93,664

Financial Ratio

Description 2025 2024 2023 2022 2021
Return on Assets Ratio (%) (17.59) (27.56) 0.14 11.33 (28.24)
Return on Equity Ratio (%) (27.32) 64.02 (0.95) (32.13) 69.94
Gross Profit Margin (%) 17,49 18.75 15.39 14.75 22.24
Operating Profit Margin (%) (14.41) (16.70) (53.29) (35.59) (95.46)
Net Profit Margin (%) (34.24) (50.58) 0.42 32.77 (140.82)
Current Ratio (x) 0.42 0.53 0.63 0.34 0.44
Interest Bearing Debt to Equity Ratio (x) (1.38) (1.66) (4.72) (1.93) (2.12)
Debt to Equity Ratio (%) (255.33) (332.29) (773.17) (383.55) (347.69)
Debt to Assets Ratio (%) 164.38 143.05 114.86 135.27 140.37
EBITDA Ratio (x) (0.22) (0.08) (1.17) (0.81) (1.44)

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PT Waskita Beton Precast Tbk

Gedung Vasaka Lt.5
Jl. MT Haryono Kav, No.10A, Cawang, Jakarta Timur 13340

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