KONTAN.CO.ID – JAKARTA. Strengthening corporate governance and business restructuring are increasingly becoming key factors in maintaining the competitiveness of national industries amid global economic challenges. Companies that are able to improve their business fundamentals, enhance operational efficiency, and create new sources of growth have a greater chance of supporting economic growth while attracting investor confidence. One company implementing this strategy is PT Intikeramik Alamasri Industri (IKAI). The company strengthened its board of commissioners by appointing Tedjodiningrat Broto Asmoro as a Commissioner at the Annual General Meeting of Shareholders (AGM) for Fiscal Year 2025. Tedjodiningrat’s presence is expected to bolster Chairman William Daniel and Commissioner Bernardus Djonoputro in overseeing the implementation of good corporate governance and supporting a sustainable growth strategy.

IKAI Chairman William Daniel said Tedjodiningrat’s appointment is a strategic move to strengthen the company’s transformation efforts. According to him, Tedjodiningrat’s experience will complement the expertise of Bernardus Djonoputro, who has a long track record in urban planning, regional development, and infrastructure financing. Bernardus is known as the first CEO of the Rebana Metropolitan Management Authority in West Java. With over 35 years of experience, he has held various strategic positions at global consulting firms such as Deloitte, EY, and PwC. “Currently, he leads the Rebana Metropolitan Management Authority, one of the fastest-growing economic corridors in Indonesia, which is home to more than 10 million residents and encompasses an industrial area spanning 42,000 hectares,” said William Daniel on Friday (July 17, 2026).

According to him, strengthening the board of commissioners is expected to support the implementation of the company’s roadmap, which includes the Reconditioning Phase in 2026, the Optimization Phase in 2027, and the Expansion Phase beginning in 2028. IKAI President Director Desra Firza Ghazfan explained that the 2025 Fiscal Year AGM also serves as evidence of the company’s commitment to implementing good corporate governance. During the meeting, the company discussed five main agenda items, ranging from the approval of the annual report, the determination of net income, the remuneration of the board of directors and the board of commissioners, the appointment of a public accounting firm, to changes in the composition of the board of directors and the board of commissioners.

Desra said that despite facing various challenges throughout 2025, IKAI’s business ecosystem remained able to record growth in its two main pillars: manufacturing and hospitality. This was demonstrated by the production of Essenza premium ceramics, which exceeded 1.1 million square meters, and the hotel chain’s average occupancy rate, which reached 72.5%. “With new leadership in place since the second half of 2025, IKAI has entered the Recovery Phase and is implementing a number of key strategies to improve its financial position and equity structure, as well as to address operational pressures in the manufacturing sector,” said Desra. He noted that the results of these strategies are beginning to show in the company’s improved financial performance.

IKAI’s consolidated revenue reached Rp148.9 billion, with EBITDA turning from negative to positive at Rp5.2 billion in the fourth quarter of 2025. Revenue growth in the final quarter of 2025 also reached 71%. In addition to improving its financial structure, the company continues to strengthen operational efficiency. In the manufacturing sector, the INKA business unit posted revenue of approximately Rp75 billion after restructuring its business processes, optimizing production lines, and settling the remaining Rp22 billion in obligations to Bank Mandiri from a previous debt restructuring (PKPU) process.

Meanwhile, the hospitality business showed signs of recovery, with HPI reporting positive EBITDA of Rp16 billion and SMS of Rp9.4 billion as operational performance improved in the second half of 2025. Entering 2026, IKAI is continuing its Reconditioning Phase by strengthening working capital while simultaneously establishing new revenue streams through its Integrated Land Development business, which encompasses land development, land rights management, utilities, and energy. “With a strengthened foundation and the momentum we’ve built, we are committed to tangible and sustainable growth through disciplined execution, data-driven decisions, and measured risk management,” said Desra. The company aims for revenue in 2026 to exceed pre-major-maintenance levels. Furthermore, in 2027, the company will enter the Optimization Phase, focusing on improving the profitability of all subsidiaries, before proceeding to the Expansion Phase in 2028 through the development of new, more diverse, and sustainable revenue streams.