The contract value amounts to approximately 18.58 million yuan, equivalent to Rp46.79 billion.
The project was awarded by PT Baja Jaya Lestari and includes the procurement of materials and construction work at the project site.
The project duration is set at 119 days from the start date.
Company management explained that the contract was secured through a tender process.
The company also emphasized that there is no affiliate relationship between the two parties.
In addition to this project, the company stated that it still has the opportunity to win two other additional projects in the Obi Island area.
From a financial perspective, the company’s revenue for 2025 was recorded at Rp37 billion.
This figure is down from the previous year’s revenue of Rp67 billion.
The company also reported a net loss of Rp26 billion after previously recording a profit of Rp9 billion in 2024.
With this new contract, the company hopes to strengthen its revenue and improve cash flow.
This project is also seen as an early sign of business performance recovery in the coming period.