Intiland Strengthens Financial Structure with Deleveraging Strategy
Jakarta (08/08) – Property developer PT Intiland Development Tbk (Intiland; DILD) reported positive achievements in strengthening its financial performance and fundamentals. This success is reflected in the Company’s consistent efforts to reinforce its balance sheet through a deleveraging strategy which implemented over the past three years.
President Director of Intiland Archied Noto Pradono explained that deleveraging has been a top priority strategy to achieve financing efficiency. With this strategy, the Company strengthens its financial position and creates healthier and more sustainable growth opportunities. These efforts include debt repayment, reduction or refinancing of borrowings and interest expenses, as well as divestment of non-core assets to improve efficiency.
As of June 30th 2025 or first semester of 2025, the Company’s total debt stood at Rp 4,38 trillion. This numbers decline of Rp 687 billion, or 14% compared to Rp 5,06 trillion as of December 31st 2022.
“The decline in our debt demonstrates the success of our ongoing efforts to manage financial obligations sustainably and improve the Company’s financial structure,” said Archied Noto Pradono in a written statement, Friday (08/08).
Alongside the reduction in debt, interest expenses also fell significantly, dropping by around 16,7% over the past three years. In 2022 the Company’s interest expenses amounted to Rp 518,1 billion and in 2023 declined to Rp 489,9. This downward trend continued in 2024 with Rp 431,8 billion. As of June 30th 2025, the Company’s interest expenses recorded at Rp 176,3 billion.
Archied Noto Pradono explained that the deleveraging strategy is a clear commitment to maintaining financial stability and a solid capital structure. Efficient cost management and stronger sales performance, particularly from the industrial estate segment, have been key drivers in improving overall financial performance and maintaining healthy financial ratios.
“Beyond driving sales performance, our main focus is to consistently execute the deleveraging strategy, including debt repayment, reduction, refinancing of high-interest loans, and divestment of non-core assets. These steps will have a significant impact on lowering interest expenses and strengthening our capital structure,” he added.
Improvement in Performance Ratios
The reduction in debt also improved the position of Company’s financial ratio. The Debt-to-Equity Ratio (DER) continued to improve reflecting a healthier financial structure.
If in 2022 the Company’s DER stood at 61,1%, then it decreased to 58,5% in 2023, and further improved to 50,3% in 2024. By first semester of 2025, the DER dropped again to 47%.
Initiatives in cost efficiency and stronger sales performance, especially from the high-demand industrial estate segment, have supported these improvements. The Company remains focused on sustainable performance growth while strengthening its financial foundation to support long-term growth.
“A healthier financial structure will enhance the Company’s value and improve competitiveness in the national property industry,” said Archied Noto Pradono.
Beyond debt reduction, the Company also recorded improved profitability. This achievement is reflected in higher profit margins in first semester of 2025 compared to the same period in 2024. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin also improved from 22% to 28%.
“We are committed to maintaining investor trust and ensuring that the Company’s financial structure remains solid and adaptive to market changes,” Archied affirmed.
These achievements highlight Intiland’s commitment to upholding its reputation as a responsible listing company while also demonstrating strong liquidity. Building a healthy financial structure remains a vital part of the Company’s responsibility in executing healthy and long-term financial governance.***