- CEO
- Rivan Achmad Purwantono
- Full Time Employees
- 7,833
- Sector
- Transportation
- Industry
- Other transportation
- Address
- Plaza Tol Taman Mini Indonesia Indah Jakarta JK Indonesia 13550
- IPO Date
- Nov 12, 2007
- Business
- PT Jasa Marga (Persero) Tbk is Indonesia's largest state-controlled toll road operator specializing in the development, construction, operation, management, and maintenance of toll roads and related facilities. Its core products and services include toll road concessions with approximately 1,736 kilometers under operation; maintenance services for toll roads totaling around 1,160 kilometers; management of 27 rest areas; building management; advertising and land rental along toll corridors; and development of Transit Oriented Development (TOD) and Toll Corridor Development (TCD) projects. The company also engages in road construction services and manages toll road equipment and vehicle rentals. Headquartered in Jakarta and founded in 1978, PT Jasa Marga operates in multiple regions across Indonesia, managing directly 13 mature toll roads and 23 new toll roads, along with additional subsidiaries operating other toll concessions.
Recent major developments include the reconsolidation of three Trans-Java toll roads (Semarang-Batang, Solo-Ngawi, and Ngawi-Kertosono) after exercising a buyback option in July 2023, which has positively contributed to revenue growth. The company implemented tariff adjustments on several toll road segments in 2023 and continued with further scheduled tariff adjustments in 2024 to optimize revenue. In addition, PT Jasa Marga launched the JSMR MOVE corporate culture initiative in late 2025 to enhance customer satisfaction and operational innovation. The company also reported expansion efforts in building infrastructure and rest area management, as well as ongoing efforts to improve efficiency amidst rising operational costs and interest expenses. PT Jasa Marga targets conservative revenue growth of 6%-8% year-on-year with a focus on maintaining positive EBITDA and strengthening financial ratios for sustainable operations.
PT Jasa Marga plays a central role in Indonesia's infrastructure sector, holding about 73-75% market share of toll operations nationwide, making it a dominant player in toll road infrastructure, facilitating connectivity and economic growth across the archipelago. It is listed on the Indonesia Stock Exchange under the ticker JSMR and continues strategic business expansions including land use development within toll areas and growing its service portfolio beyond toll road operation.