Intiland Shareholders Approve All Agendas at Annual General Meeting of Shareholders
Jakarta (10/06) – Property developer PT Intiland Development Tbk (Intiland; DILD) held its Annual General Meeting of Shareholders (AGMS) for the financial year ended 31 December 2025. The AGMS which attended by shareholders, members of the Board of Commissioners, and the Board of Directors was held at Intiland Tower, Jakarta, on Wednesday (10/6), as well as virtually through the eASY.KSEI (Kustodian Sentral Efek Indonesia) platform.
Theresia Rustandi Intiland Corporate Secretary stated that shareholders approved all agendas proposed by the Company at the AGMS. The five agendas covered, first, the approval of the Annual Report and ratification of the Company’s Financial Statements for the 2025 financial year. Second, the authorization of the Board of Commissioners to appoint an Independent Public Accountant.
The third agenda was the determination of the use of the Company’s net profit for the 2025 financial year. Fourth, the determination of remuneration for the Board of Commissioners and the delegation of authority to the Board of Commissioners to determine the remuneration of Board of Directors members. The fifth agenda was the approval of other matters related to the AGMS agendas.
The Company expressed its appreciation to shareholders for their support of all AGMS agendas. The approvals reflect shareholders’ confidence in the Company’s management, the implementation of good corporate governance, and management’s commitment to sustaining business continuity.
Shareholder approval of all AGMS agendas serves as a positive signal regarding the Company’s policy direction. In addition to strengthening governance, the Company remains committed to maintaining accountability and continuing a healthy and sustainable growth strategy.
“The Company always ensures that every policy and strategic step is carried out carefully, measurably, and with a long-term value creation orientation for all stakeholders,” said Theresia in the Company’s official statement on Wednesday (10/6).
Shareholders also approved the Company’s proposal to not distribute dividends from the 2025 financial year earnings. The Company recorded net profit attributable to owners of the parent entity of Rp64.26 billion. Of this amount, Rp2 billion was allocated as mandatory reserves with the remaining Rp62.26 billion recorded as retained earnings.
The AGMS approved the Company’s proposal to authorize the Board of Commissioners to appoint an Independent Public Accountant registered with the Financial Services Authority (OJK), as well as to determine the honorarium and other terms of appointment. The appointed Independent Public Accountant will conduct an audit of the Company’s books for the financial year ending 31 December 2026.
Strengthening Fundamentals
Intiland President Director Archied Noto Pradono stated that the Company’s primary strategy this year remains focused on reducing debt or deleveraging. This strategy forms an important part of the Company’s policy to ease financial burden, maintain operational efficiency, and strengthen business fundamentals.
In 2025, Intiland successfully reduced its total debt by 25 percent to Rp3.08 trillion from Rp4.11 trillion in 2024. This was achieved through debt restructuring, accelerated repayment, divestment of non-core assets, and the repayment of Intiland Development’s Sukuk Ijarah Berkelanjutan I Phase II 2022 and Phase III 2022 Series B.
“The reduction in total debt is one of our key achievements. This has helped us manage our financial burden, strengthen our capital structure, and create better room for the Company to maintain business stability while capturing future growth opportunities,” said Archied Noto Pradono.
In light of future business challenges and risks, the Company is pursuing a strategy of strengthening operational and financial efficiency. This is part of the Company’s initiative in sustaining business stability, improving profitability quality, reinforcing its financial structure, and continuing a measured business transformation.
“This year, we remain relatively conservative by relying on existing projects. New project development is still being prepared but approached very carefully, by monitoring the right opportunities, market timing, and absorption capacity,” said Archied Noto Pradono.
In Q1 2026, the Company recorded revenue of Rp619.8 billion, down 3.3 percent compared to the same period the previous year. Development revenue contributed Rp387.1 billion, while recurring income came in at Rp232.6 billion.
The largest revenue contributors in Q1 2026 were recurring income at Rp232.6 billion or 37.5 percent, followed by the industrial estate segment at Rp227.4 billion or 36.7 percent, residential at Rp121.9 billion or 19.7 percent, and high-rise residential at Rp37.9 billion or 6.1 percent.
The Company projects that the 2026 property market will remain selective, but growth opportunities remain, particularly in the residential and industrial estate segments. The Company has set a 2026 marketing sales target of Rp1.95 trillion, higher than the 2025 realization of Rp1.61 trillion.
“This year we remain relatively conservative, relying on projects already underway. New developments are still being prepared, but their execution will be highly selective, taking into account product readiness, market timing, and consumer absorption,” said Archied.
The Company is currently preparing a number of strategic plans for new project development. In addition to plans for a new industrial estate in East Java, the Company is also preparing the launch of SQ Res Apartment Tower E in the second half of 2026.
Another strategy is to enhance sales and financial performance through more targeted approaches. The primary focus targeted on optimizing ongoing projects, selling ready-stock inventory, strengthening the residential and industrial estate segments, and developing marketing programs aligned with market demand.
“We see growth opportunities remain open, particularly in segments with genuine demand and stronger market absorption. We are executing our marketing and development strategies in a more measured manner to support performance target achievement while keeping the Company’s fundamentals sound,” Archied added.***