2025 Fiscal Year Annual General Meeting of Shareholders, KAI Group Assets Reach IDR 105.43 Trillion to Strengthen Rail-Based Services

PT Kereta Api Indonesia (Persero) recorded a strengthening of its consolidated assets throughout the 2025 Fiscal Year. In the performance presented at the Annual General Meeting of Shareholders (RUPS) for the 2025 Fiscal Year, the total assets of KAI Group reached IDR 105.43 trillion, an increase of 8.58% compared to 2024 at IDR 97.10 trillion.

KAI President Director Bobby Rasyidin stated that the strengthening of assets is an important part of KAI’s ability to maintain the sustainability of rail-based services. According to him, company assets must be managed productively to provide direct benefits to customers, businesses, and the national economy.

“KAI’s assets are instruments of service. When company assets become stronger and are managed with discipline, KAI has greater capacity to maintain safety, improve operational reliability, maintain rolling stock, strengthen service facilities, and support public mobility and goods distribution,” said Bobby.

Throughout 2025, KAI Group served 503,549,740 passengers and transported 69,791,691 tons of goods. This scale of service shows that KAI’s assets are utilized in activities closely aligned with public needs, ranging from daily mobility, intercity travel, urban connectivity, to logistics distribution across various regions.

The strengthening of KAI Group’s assets is reflected in fixed assets, which reached IDR 37.30 trillion in 2025, an increase of 26.84% compared to 2024 at IDR 29.41 trillion. These fixed assets include key components supporting services, such as rolling stock, buildings, facilities, machinery, equipment, and other operational supporting assets.

Bobby explained that the increase in fixed assets demonstrates the company’s direction in strengthening long-term capacity. For a railway company, asset quality has a direct relationship with travel safety, passenger comfort, operational readiness, and the ability of services to meet public needs.

“Railways require continuous asset management. Locomotives, trains, carriages, station facilities, operational systems, and service-supporting assets must be in reliable condition. Therefore, asset strengthening is part of how KAI ensures that services remain safe, orderly, and dependable,” Bobby added.

From a financial structure perspective, KAI Group’s equity increased by 11.23% to IDR 39.29 trillion from IDR 35.32 trillion previously. This strengthening of equity provides healthier room for the company to carry out operational programs, maintenance, service development, and investment management in a measured manner.

KAI Group also recorded a net profit for the year of IDR 2.28 trillion in 2025, an increase of 2.77% compared to 2024 at IDR 2.22 trillion. At the same time, operating profit rose by 10.35% to IDR 8.39 trillion from IDR 7.60 trillion. This achievement indicates that asset and operational management have become increasingly efficient amid a large scale of services.

In terms of revenue, KAI Group recorded consolidated revenue of IDR 35.76 trillion in 2025. Meanwhile, cost of revenue was recorded at IDR 23.02 trillion, lower than 2024 at IDR 23.27 trillion. Operating expenses also decreased from IDR 5.23 trillion in 2024 to IDR 4.35 trillion in 2025.

According to Bobby, the company’s efficiency efforts are directed at strengthening service quality. Better cost management helps KAI maintain punctuality, improve rolling stock readiness, maintain service facilities, and ensure consistent operations across various service lines.

KAI Group’s cash performance has also strengthened. Net cash flow from operating activities reached IDR 7.15 trillion, an increase of 36.43% compared to 2024 at IDR 5.24 trillion. Cash receipts from customers reached IDR 28.59 trillion, increasing by 12.68% from the previous year at IDR 25.37 trillion. Cash and cash equivalents at the end of 2025 also increased by 37.22% to IDR 6.76 trillion.

Bobby stated that strong operating cash flow is an important indicator for service sustainability. In the railway business, companies require adequate liquidity to ensure maintenance, operational readiness, service improvements, and support for customer and logistics partner needs.

“Healthy cash flow provides greater resilience for the company. Financial resilience for KAI is essential to ensure that customers receive services that are safe, comfortable, punctual, and easily accessible,” said Bobby.

KAI views the performance of the 2025 Fiscal Year as a foundation for strengthening asset governance and service performance in the coming years. With stronger assets, increased equity, maintained profitability, and solid operating cash flow, KAI Group has a stronger foundation to carry out its role as a provider of rail-based public transportation and logistics services.

“Every asset strengthening must return to service. KAI will continue to manage company assets productively, prudently, and responsibly so that the benefits are felt by customers, businesses, the government, and the wider community,” Bobby concluded.

VP Corporate Communication KAI