Jasa Marga posts Q1 profit of Rp774.7 billion on higher revenue

By Romel S. Gurky

State-owned toll road operator PT Jasa Marga (Persero) Tbk (IDX: JSMR) reported a net profit of Rp774.7 billion in the first quarter of 2026, supported by higher operating revenue and stable traffic growth.

The company booked operating revenue of Rp5.1 trillion in the January–March period, up 10.4% year-on-year, driven mainly by toll revenue of Rp4.7 trillion and other operating income of Rp397.6 billion, which rose 9.4% and 24.4%, respectively.

President Director Rivan A. Purwantono said the company also recorded earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rp3.4 trillion, up 10.7% from a year earlier, with an EBITDA margin of 66.1%.

 “This achievement reflects the company’s consistency in controlling operating expenses and optimising operational performance,” Rivan said in a statement.

Despite the solid top-line performance, net profit declined slightly from a year earlier due to higher finance costs following the operation of the Jogja–Solo toll road, the company said.

Read also: Jasa Marga posts 5.8% rise in 2025 revenue

From an operational standpoint, Jasa Marga recorded a 1.64% increase in toll road transaction volume to 318.8 million vehicles in the first quarter, equivalent to an average daily traffic of 3.5 million vehicles.

The company operates 1,294 km of toll roads out of a total concession length of 1,736 km, accounting for about 42% of Indonesia’s total operational toll road network.

Jasa Marga is currently developing several toll road projects, including the Probolinggo–Banyuwangi, Yogyakarta–Bawen, Solo–Yogyakarta–YIA Kulon Progo, Jakarta–Cikampek II Selatan and Patimban Access toll roads. Most of these sections were opened temporarily without toll charges during the Eid holiday period to support traffic flows.

In March, its subsidiary PT Jasamarga Jogja Bawen secured a Rp17.92 trillion syndicated loan to support the Yogyakarta–Bawen toll road project, which has a total investment value of Rp25.61 trillion.

The company also highlighted improvements in service quality, including the use of integrated traffic management technology and digital platforms such as the Travoy app, as well as enhancements to rest area facilities.

Jasa Marga said it remains optimistic about its performance this year, supported by continued revenue growth initiatives, cost control and a stronger financial structure.

Editing by Reiner Simanjuntak