OPTIMISM regarding the strengthening of the national economy continues to be reflected in the expansion efforts of industry players. PT Intikeramik Alamasri Industri Tbk (IKAI) is strengthening its business capacity through additional working capital credit facilities from PT Bank Mandiri (Persero) Tbk as part of its efforts to drive business growth, expand the activities of its subsidiaries, and increase its contribution to the real sector.
This funding will be used as working capital for all of its subsidiaries’ business lines to strengthen operations and accelerate business development. The company is targeting organic growth that is significantly higher than in the previous year.
IKAI Director Emirza Adi Wibowo stated that this credit facility is part of the company’s strategy to strengthen its business foundation amid increasing opportunities for national economic growth.
“The purpose of this bank loan is to provide working capital to improve and develop our business across all our subsidiaries. Through this strategy, the company’s organic growth target is expected to increase significantly and exceed last year’s revenue, with a rise of approximately 70%,” said Emirza in Jakarta on Friday (July 31, 2026).
This expansion plan has also been approved by shareholders through an Extraordinary General Meeting of Shareholders (EGM). The approval authorizes the company to issue a corporate guarantee to support financing for its subsidiaries.
IKAI Chief Finance Officer Murwantoro Toroxandy explained that this decision is part of a strategy to strengthen the financing structure so that business expansion can proceed more optimally.
“IKAI, as the holding company, has officially held an EGM to grant permission and approval for the company’s corporate guarantees to its subsidiaries,” he said.
Meanwhile, IKAI Corporate Secretary Winda Yohana emphasized that the entire process was conducted with a focus on transparency and compliance with capital market regulations.
“This approval of corporate guarantees is a demonstration of our commitment to transparency toward the public and regulators, while also ensuring that our subsidiaries have a solid financial foundation to pursue that 70% growth target,” said Winda.
In addition to strengthening its funding structure, IKAI also carried out an organizational restructuring through the Annual General Meeting of Shareholders (AGM) for Fiscal Year 2025 by appointing Tedjodiningrat Broto Asmoro as a Commissioner. This move was taken to strengthen corporate governance (Good Corporate Governance/GCG) while supporting the company’s long-term growth strategy.
IKAI’s Lead Commissioner, William Daniel, believes that Tedjodiningrat’s presence will strengthen oversight functions alongside Bernardus Djonoputro, who has extensive experience in regional development and infrastructure.
According to William, this synergy is expected to support the company’s transformation as it capitalizes on investment opportunities and the ongoing regional development in Indonesia.
Moving forward, IKAI will continue its business strategy through Integrated Land Development, which encompasses regional development, land rights management, utilities, and energy. The company aims to complete the optimization phase by 2027 before entering the expansion phase in 2028.
Emirza emphasized that the company is committed to implementing a sustainable growth strategy by prioritizing good governance, data-driven decision-making, and measured risk management.
