Antara News·Indonesia·Thursday, October 8, 2026 at 11:32 AM UTC

Indonesia's Danantara SOEs projected to post US$20B profit by 2026

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Arnidhya Nur Zhafira, Yashinta Difa

Jakarta (ANTARA) - Consolidated net profit of Indonesian state-owned enterprises (SOEs) is projected to reach at least Rp360 trillion (approximately US$20.11 billion) by 2026, according to sovereign investment agency Danantara.

Speaking in Jakarta on Thursday, Danantara Chief Operating Officer Dony Oskaria stated that ongoing structural improvements across state firms are delivering strong financial performance.

"The improvements in our SOEs are yielding extraordinary results. I expect that by 2026, we can close with a net income of at least Rp360 trillion. This is a massive profit figure," Dony, who also serves as Head of the SOE Regulatory Body (BP BUMN), said.

He expressed confidence that the projected profit would serve as a crucial engine of national economic growth, with earnings distributed as dividends and subsequently reinvested into strategic development projects.

Dony added that Danantara will also collaborate with strategic equity partners to co-finance major projects rather than funding them independently.

Addressing the fiscal allocation of these earnings, Finance Minister Suahasil Nazara clarified that Danantara will not remit dividend payments to the State Budget for the 2026 and 2027 fiscal years.

Suahasil noted that state revenue projections for both years have already been structured without reliance on Danantara dividend contributions.

Instead, the agency's primary economic impact will be measured by its ability to deploy managed assets into direct economic activities that stimulate private investment, expand production capacity and generate large-scale employment.

"It is about how Danantara—working harder and utilizing such vast assets—helps solve societal problems, creates jobs, builds the production of goods and services, connects with private sector investment and ultimately improves the welfare of the Indonesian people," Suahasil said separately.

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