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    Real estate development
PT Gowa Makassar Tourism Development Tbk

PT Gowa Makassar Tourism Development Tbk

IIDX:GMTD
875.00
IDR
-10.00
(-1.13%)
29.24EPS
43.44P/E
1.29TMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
296.52
296.76
298.75
272.09
224.05
241.33
202.4
165.05
136.71
310.6
373.36
393.57
284.16
271.26
Basic EPS, GAAP
90.63
119.9
117.09
85.6
67.2
60.51
-69.05
-104.35
-26.96
8.86
127.06
134.78
31.69
29.24
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
4.68
5
6.5
4.5
2.5
1.6
2
- -
- -
- -
0.3
2.3
3.8
- -
Book Value per Share
317.15
433.51
545.86
629.08
693.18
752.5
679.72
576.08
548.63
557.86
685.74
818.3
846.23
862.44
Tangible Book Value per Share
317.15
433.51
545.86
629.08
693.18
752.5
679.72
576.08
548.6
557.76
685.67
818.26
846.16
862.39
Basic Weighted Avg Shares
1,015
1,015
1,015
1,015
1,015
1,015
1,015
1,015
1,015
1,015
1,015
1,015
1,015
1,015
Sales/Revenue/Turnover
301,085
301,320
303,342
276,272
227,500
245,038
205,516
167,584
138,808
315,372
379,100
399,627
288,528
275,428
Operating Margin (%)
33.1
38.57
38.62
33.28
32.39
29.46
19.73
11.27
-3.52
23.57
30.62
36.17
12.19
11.33
Depreciation Expense
676
941
1,069
995
968
704
328
409
1,208
2,449
2,664
5,944
5,524
6,209
Net Income, GAAP
92,029
121,743
118,892
86,915
68,230
61,443
-70,116
-105,950
-27,376
8,998
129,014
136,854
32,175
29,687
Effective Tax Rate (%)
14.26
0.59
0.78
0.68
0.83
0.97
- -
- -
- -
4.15
0.29
0.28
1.95
2.08
Profit Margin (%)
30.57
40.4
39.19
31.46
29.99
25.07
-34.12
-63.22
-19.72
2.85
34.03
34.25
11.15
10.78
Working Capital
10,810
554,576
32,936
71,981
80,866
129,085
177,516
131,485
203,132
130,875
266,111
489,265
488,039
485,643
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
404,539
667,098
554,257
638,759
703,837
764,071
690,169
584,939
557,073
566,437
696,284
830,890
859,244
875,705
Return on Invested Capital (%)
26.14
21.31
18.4
14.05
9.96
8.86
- -
- -
- -
10.48
17.74
17.55
4.11
3.56
Return on Capital (%)
28.88
23.04
19.54
14.61
10.37
8.68
- -
- -
- -
7.01
24.36
20.93
5.39
5.26
Return on Common Equity (%)
33.1
31.95
23.91
14.57
10.16
8.37
-9.64
-16.62
-4.79
1.6
20.43
17.92
3.81
3.44

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,015
1,015
1,015
Market Capitalization
3,391,369
1,492,609
1,289,533

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
791,145
848,946
852,120
Cash, Cash Equivalents & STI
86,898
85,840
42,525
Accounts Receivable, Net
- -
- -
- -
Inventories
663,963
715,604
745,138
Total Current Liabilities
303,106
313,296
366,477
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.17%
8.52%
3.41%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
83.5%
211.27%
-76.49%
Sales/Revenue/Turnover
5.44%
21.57%
-27.8%
Total Cash Common Dividend
- -
- -
65.22%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
215,237
43,325
56,505
79,231
399,627
2025
65,316
71,014
83,129
69,069
288,528
2026
22,269
100,961
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
118.27
14.64
-33.27
35.15
134.78
2025
4.55
17.12
14.74
-4.73
31.69
2026
-13.79
33.02
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.3
2025
- -
- -
- -
- -
3.8
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ali Said
Full Time Employees
95
Sector
Finance
Industry
Real estate development
Address
Jl. Metro Tanjung Bunga Makassar SN Indonesia 90134
IPO Date
Dec 11, 2000
Website
tanjungbunga.com
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Business
PT Gowa Makassar Tourism Development Tbk (GMTD.JK) engages in real estate development and property management, primarily as developer and operator of Tanjung Bunga, a 1,000-hectare integrated township featuring residential clusters, commercial complexes, hotels, recreational facilities, and supporting infrastructure in Makassar, South Sulawesi, Indonesia; core offerings include twelve residential clusters such as Taman Guna Asri, The Mahogany Residence, and Virginia Park; ready-to-build land plots; commercial properties encompassing Mall GTC Makassar and Trans Studio theme park; township management services; and non-commercial amenities like roads, parks, and utilities. Founded on May 14, 1991, as PT Gowa Makassar Tourism Development Corporation and listed on the Indonesia Stock Exchange, the company is headquartered at Mall GTC GA-9 No. 1B, Jl. Metro Tanjung Bunga, Makassar, with Lippo Group as its largest shareholder since 1994 and wholly owned subsidiaries including PT Kenanga Elok Asri, PT Krisanta Esa Maju, PT Griya Eksotika Utama, PT Griya Megah Sentosa, and PT Wahana Properti Nusantara. Recent developments encompass a 1-for-10 stock split effective January 2024 to enhance free float compliance, increasing outstanding shares to over 1.01 billion at a nominal value of Rp50; reaffirmation of legal ownership over 16 hectares in Tanjung Bunga amid encroachment disputes in 2025; half-year earnings reported for June 30, 2025; and an annual dividend declaration payable July 8, 2025, alongside ongoing luxury coastal residence projects like The Aluxe in the township.