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    Real estate development
PT Makmur Berkah Amanda Tbk

PT Makmur Berkah Amanda Tbk

IIDX:AMAN
179.00
IDR
+11.00
(+6.55%)
12.40EPS
21.18P/E
976.12BMarket Cap
PT Makmur Berkah Amanda Tbk
IDX:AMAN
(Indonesia Stock Exchange)

Recent

price

179.00

P/E

ratio

21.18

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
IDR
24.84
25.25
25.97
35.61
46.02
52.8
60.61
62.29
Revenue per Share
3.56
5.59
8.65
9.27
14.25
15.16
14.83
11.9
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
0.5
0.5
- -
1
- -
- -
Dividend per Share
130.11
150.95
159.08
167.94
182.34
196.58
211.48
219.38
Book Value per Share
130.09
150.94
159.08
167.94
182.33
196.58
211.46
219.36
Tangible Book Value per Share
3,874
3,547
3,874
3,874
3,874
3,874
3,874
3,874
Basic Weighted Avg Shares
96,207
89,549
100,601
137,940
178,268
204,508
234,767
241,286
Sales/Revenue/Turnover
23.05
28.42
37.84
33.09
38.64
39.03
35.57
30.72
Operating Margin (%)
3,142
3,351
3,434
3,433
2,169
2,274
2,416
11,554
Depreciation Expense
13,799
19,814
33,524
35,889
55,200
58,727
57,427
46,089
Net Income, GAAP
- -
- -
- -
- -
6.76
4.63
4.68
5.53
Effective Tax Rate (%)
14.34
22.13
33.32
26.02
30.96
28.72
24.46
19.1
Profit Margin (%)
185,450
244,433
286,755
384,010
331,775
358,188
413,605
424,939
Working Capital
78,858
80,585
86,711
136,393
127,770
200,399
301,556
273,341
LT Debt
513,908
591,052
619,310
652,282
709,540
766,239
825,360
855,971
Total Equity
- -
- -
- -
- -
7.72
8.14
7.27
6.02
Return on Invested Capital (%)
- -
- -
- -
- -
7.5
7.24
6.51
5.18
Return on Capital (%)
- -
3.64
5.58
5.67
8.14
8
7.27
5.57
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
47,170
47,590
38,320
LT Borrowings
300,331
286,757
273,184
LT Finance Leases
1,226
1,226
156
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,874
3,874
3,874
Market Capitalization
782,447
1,154,303
976,122

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
748,431
759,067
782,512
Cash, Cash Equivalents & STI
27,384
27,710
36,473
Accounts Receivable, Net
4,886
16,323
12,682
Inventories
369,715
361,731
369,839
Total Current Liabilities
334,826
335,850
357,573
Payables & Accruals
- -
- -
- -
ST Debt
47,170
47,590
38,320
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
6.92%
7.72%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
26.85%
-2.21%
Sales/Revenue/Turnover
- -
21.64%
14.8%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36,947
51,996
63,755
51,811
204,508
2025
81,596
44,057
57,060
52,054
234,767
2026
73,715
58,456
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.86
4.46
5.63
2.22
15.16
2025
7.58
2.9
3.18
1.18
14.83
2026
4.3
3.24
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PT Makmur Berkah Amanda Tbk (AMAN.JK), or MBA Group, operates as an Indonesia-based real estate developer focused on industrial area development and services; warehouse complexes; hospitality investments; residential properties; commercial developments; and land leasing through its subsidiaries including PT Makmur Berkah Hotel that manages Element by Westin Bali Hotel in partnership with Marriott International. Established in 1996 and headquartered in West Jakarta at APL Tower Unit OT/35/T5 Podomoro City, Jl. S. Parman Kav. 28, with additional offices in Sidoarjo, East Java, the company maintains operations primarily in Indonesia, featuring the 300-hectare Safe ‘N’ Lock Warehouse and Industrial complex in Sidoarjo launched in 2006. It functions as a subsidiary of PT Griya Prima Amanda and was formerly known as PT Sidomaju Industri Estate. Recent developments include a proposed special economic zone initiative targeting Rp97.8 trillion in investments by 2054 and 317,670 jobs; ongoing hospitality expansions such as pre-operational projects in Pontianak; capital increases via public offerings and debt-to-equity conversions in 2019-2020 that raised issued capital to Rp387.35 billion; and sustained diversification into rental properties and investment assets as reflected in its 2024 audited financials and Q3 2025 reports.