PT Intikeramik Alamasri Industri Tbk (IKAI) presented its year-to-date performance results and strategic direction at the 2025 Public Expose themed “The Path to Recovery – Building a Sustainable Future.”
Independent Commissioner Bernardus Djonoputro stated that 2025 marks a recovery phase. The company has carried out management restructuring and improvements in operations, systems, human resources, infrastructure, corporate governance, and financial fundamentals. With performance indicators showing a significant strengthening trend, IKAI is now optimistic about entering the next phase—the optimization phase.
Bernardus noted that by the end of 2025, IKAI recorded several positive indicators that form a solid foundation heading into 2026, including a positive EBITDA growth of 16.83% based on quarter-on-quarter (QoQ) 2025 data. The company also recorded significant revenue growth in Q4 2025 (+71% YoY Q-to-Q) and FY 2025 gross profit of Rp71.87 billion.
“This recovery phase has driven major maintenance in the manufacturing segment and various efficiency and optimization initiatives that reduced costs, energy usage, and maintenance needs. The recovery has also been supported by improvements in the hotel segment. High market demand in both segments contributed greatly to the success of the company’s recovery phase,” he said.
He added that Q4 performance is expected to be the baseline for 2026, especially in achieving a positive book position and restoring profitability.
According to the Ceramic Industry and Market Outlook report—an independent study by Mandala Consulting—the Essenza brand is confirmed as the leader in the luxurious segment and among the top 3 brands in the ceramic industry. This study validates the company’s business strategy that positions Essenza as a main pillar.
With the completion of the major maintenance cycle, ceramic manufacturing production showed a strong recovery in Q4, with production rising 74% and profit margin increasing +166% compared with Q1.
President Director Desra Ghazfan explained that these achievements reflect the success of efforts to enhance effectiveness, efficiency, and optimization in the manufacturing segment, as well as the implementation of strategies to strengthen profitability. He noted that the performance of IKAI’s hotel segment in 2025, based on industry standards, was above the national average. This is reflected in the occupancy rates of Swiss-Belhotel Bogor at 86.63% and Swiss-Belinn Gajah Mada Medan at 74.56%.
The high performance indicators that have not yet fully translated into profitability (Net Operating Profit/NOP) remain a priority to be addressed during the recovery phase.
“The increase in NOP in Q4 to 8%, from previously negative quarter-on-quarter levels, reflects successful improvements in effectiveness, efficiency, and optimization in the hotel segment,” he said.
President Commissioner Willam Eduard Daniel noted that legacy issues have the potential to influence the pace of the company’s strategic execution, such as liabilities and going-concern matters. He stated that one such liability—IKAI’s debt to Bank Mandiri—has been settled. Regarding the going-concern issue, the new management is committed to transforming the company from a loss-making entity into one that consistently generates sustainable profits.
In 2026, he continued, IKAI will focus on four growth strategies: people and skill upgrades, business process modernization, market acquisition programs, and per-segment operational targets.
“For manufacturing, Essenza as a top brand has a very large market,” he said.
Other strategies include vertical growth by increasing production capacity, horizontal growth through new product innovations, entering the super-luxurious segment, and forming strategic alliances with global ceramic industry leaders and top designers.
In the hotel segment, growth strategies will focus on improving revenue quality and creating new revenue streams. The company will also optimize commercial strategies across its hotel portfolio and prioritize a profitability-over-volume approach.
Commissioner Bernardus Djonoputro expressed his appreciation to shareholders, investors, regulators, customers, and stakeholders for their continued support during the recovery period.
“The company is optimistic that the 2025–2026 transformation plan will result in a stronger, more competitive, and sustainable organization,” he said. (H-2).
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