CBDK PRESENTS STRONG PERFORMANCE AND STRENGTHENING OF THE CBD PIK2 ECOSYSTEM AT THE 2026 LIVE PUBLIC EXPOSE
Jakarta, June 11, 2026 – PT Bangun Kosambi Sukses Tbk (“CBDK”) is a real estate development company based in Tangerang area, Banten, with a total land bank area of 694 hectares. CBDK focuses on meeting property market demand within the integrated area by providing a strategically located central business district that caters to both local and international markets. With a long term vision, CBDK is committed to delivering quality products and services, implementing the principles of Good Corporate Governance, and continuously creating added value for all stakeholders. CBDK believes that the sustainable development of the PIK2 area will serve as a strong foundation for the Company’s growth and its positive contribution to regional development.
CBDK participated for the second time in Public Expose Live 2026 organized by the Indonesia Stock Exchange (“IDX”) as part of the Company’s commitment to maintaining transparency and fostering continuous communication with investors and the public. During the event, CBDK presented updates on the Company’s performance, the results of the 2026 Annual General Meeting of Shareholders (“AGMS”) held on June 4, 2026, and various strategic initiatives that further strengthen CBD PIK2’s position as a growing hub for business activities and investment.
CBDK started 2026 with solid performance. In the first quarter of 2026, the Company recorded revenue of IDR 743 billion, representing a 74% increase compared to the same period last year. Net profit attributable to owners of the parent entity reached IDR542 billion, surging 317% year on year. This achievement reflects the increasingly effective monetization of the CBD PIK2 business district as well as the improvement in CBDK’s profitability.
The main contributor to revenue was the sale of commercial land plots, which recorded significant growth in line with increasing business and investment activities within the CBD PIK2 area. In addition, commercial products such as SOHO Manhattan, SOHO Wallstreet, Bizpark PIK2, Rukan Milenial, and Rukan Asia Afrika continued to support the Company’s revenue growth. In the residential segment, Rumah Milenial and Permata Hijau Residences further complemented the demand for housing within the integrated township.
In line with the area’s development, CBDK is currently supported by a strategic land bank of approximately 694 hectares, which serves as the foundation for the development of various value accretive projects in the future. The Company also maintained a strong financial profile, with total assets of approximately IDR 22.4 trillion and a cash position of around IDR 2.7 trillion as of March 31, 2026. This conservative capital structure provides CBDK with strong flexibility to capture long-term growth opportunities.
As the developer of the business district within PIK2, CBDK continues to diversify its sources of revenue through the development of recurring income assets. One of the Company’s key milestones is the commencement of operations of the Nusantara International Convention Exhibition (“NICE”), one of the largest MICE venues in Indonesia with a capacity of more than 100,000 visitors. Following the successful hosting of various events since its opening, NICE has secured dozens of events throughout 2026, including international concerts, industry exhibitions, conferences, and various national and international scale events.
CBDK is also developing the Hilton Jakarta PIK2 Hotel, which is designed to complement the MICE and business ecosystem within the CBD PIK2 area. The presence of this internationally branded hotel is expected to further enhance the attractiveness of the area while supporting the Company’s recurring income growth in the future.
CBDK held its Annual General Meeting of Shareholders (“AGMS”) on June 4, 2026, with shareholder attendance representing 88.78% of the Company’s total voting shares. During the meeting, shareholders approved all agenda items proposed by the Company, including the approval of the Annual Report and ratification of the Financial Statements for Fiscal Year 2025, the appropriation of net profit for Fiscal Year 2025, including the distribution of a cash dividend of IDR 5 per share or approximately IDR 28.3 billion, the determination of remuneration for the Board of Directors and Board of Commissioners, and the appointment of a Public Accountant for Fiscal Year 2026. These approvals reaffirm shareholders’ support for CBDK’s strategy to develop CBD PIK2 and further expand its growth drivers through the strengthening of commercial assets and recurring income streams.
CBDK President Director, Mr. Steven Kusumo, stated that CBDK will continue to focus on optimizing the value of the CBD PIK2 area through the development of commercial assets and the strengthening of recurring income streams. “We appreciate Indonesia Stock Exchange for organizing the Public Expose Live 2026 as an effective platform for communicating with investors and the public. We are encouraged by the increasingly positive development of CBD PIK2, as reflected in the growing business activities and rising utilization of the area. Our focus is not only on the monetization of commercial land plots, but also on strengthening the foundation of recurring income through strategic assets such as NICE and the Hilton Jakarta PIK2 Hotel. As the business ecosystem within the area continues to expand, we remain optimistic that CBD PIK2 will further broaden its growth drivers and enhance the quality of the Company’s earnings over the long term,” he concluded.