공시 • May 07
PT Pikko Land Development Tbk, Annual General Meeting, Jun 12, 2026 PT Pikko Land Development Tbk, Annual General Meeting, Jun 12, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: Rp0.74 loss per share (vs Rp0.63 loss in 1Q 2025) First quarter 2026 results: Rp0.74 loss per share (further deteriorated from Rp0.63 loss in 1Q 2025). Net loss: Rp10.0b (loss widened 16% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 1.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.07t market cap, or US$62.3m). Reported Earnings • Mar 15
Full year 2025 earnings released: Rp5.21 loss per share (vs Rp4.56 loss in FY 2024) Full year 2025 results: Rp5.21 loss per share (further deteriorated from Rp4.56 loss in FY 2024). Net loss: Rp70.9b (loss widened 14% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (Rp1.01t market cap, or US$59.3m). New Risk • Nov 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Market cap is less than US$100m (Rp611.6b market cap, or US$36.7m). Reported Earnings • Nov 04
Third quarter 2025 earnings released: Rp0.65 loss per share (vs Rp0.47 loss in 3Q 2024) Third quarter 2025 results: Rp0.65 loss per share (further deteriorated from Rp0.47 loss in 3Q 2024). Net loss: Rp8.88b (loss widened 39% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Oct 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. No independent directors (3 non-independent directors). President Commissioner Wirawan Chondro was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • May 12
PT Pikko Land Development Tbk, Annual General Meeting, Jun 20, 2025 PT Pikko Land Development Tbk, Annual General Meeting, Jun 20, 2025. New Risk • Aug 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (Rp339.8b market cap, or US$21.1m). Reported Earnings • Aug 02
First half 2024 earnings released: Rp1.55 loss per share (vs Rp1.95 loss in 1H 2023) First half 2024 results: Rp1.55 loss per share (improved from Rp1.95 loss in 1H 2023). Net loss: Rp21.1b (loss narrowed 20% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. New Risk • Apr 27
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (Rp217.5b market cap, or US$13.5m). Reported Earnings • Mar 30
Full year 2023 earnings released: Rp2.60 loss per share (vs Rp2.65 loss in FY 2022) Full year 2023 results: Rp2.60 loss per share (improved from Rp2.65 loss in FY 2022). Net loss: Rp35.3b (loss narrowed 1.9% from FY 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Dec 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (Rp679.6b market cap, or US$43.5m). New Risk • Oct 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Earnings have declined by 4.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (Rp679.6b market cap, or US$42.8m). New Risk • Aug 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Earnings have declined by 4.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp679.6b market cap, or US$44.8m). Reported Earnings • Aug 01
Second quarter 2023 earnings released: Rp0.73 loss per share (vs Rp1.08 loss in 2Q 2022) Second quarter 2023 results: Rp0.73 loss per share (improved from Rp1.08 loss in 2Q 2022). Revenue: Rp26.6b (down 9.6% from 2Q 2022). Net loss: Rp9.89b (loss narrowed 33% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). President Commissioner Wirawan Chondro was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jun 02
First quarter 2022 earnings released: Rp0.70 loss per share (vs Rp0.066 profit in 1Q 2021) First quarter 2022 results: Rp0.70 loss per share (down from Rp0.066 profit in 1Q 2021). Revenue: Rp33.7b (down 57% from 1Q 2021). Net loss: Rp9.46b (down Rp10.4b from profit in 1Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Independent President Commissioner Nita Tanawidjaja was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS Rp1.03 (vs Rp0.85 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: Rp173.8b (up 267% from 3Q 2020). Net income: Rp14.0b (up Rp25.7b from 3Q 2020). Profit margin: 8.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 30
New 90-day low: Rp50.00 The company is down 7.0% from its price of Rp54.00 on 27 October 2020. The Indonesian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period. Reported Earnings • Nov 21
Third quarter 2020 earnings released: Rp0.86 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: Rp47.3b (down 24% from 3Q 2019). Net loss: Rp11.6b (loss widened 3.9% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 111% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 07
New 90-day high: Rp53.00 The company is up 6.0% from its price of Rp50.00 on 09 July 2020. The Indonesian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 9.0% over the same period.