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PT Jasa Armada Indonesia Tbk

PT Jasa Armada Indonesia Tbk

IIDX:IPCM
266.00
IDR
+8.00
(+3.10%)
32.11EPS
10.22P/E
1.73TMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,426.91
524.02
137.61
128.99
131.89
155.43
185.75
215.76
254.9
279.43
278.26
Basic EPS, GAAP
201.83
84.51
13.78
17.04
15.19
25.88
28.55
29.88
31.62
37.22
32.11
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
114.84
- -
52.23
7.49
14.11
13.61
20.95
17.74
22.41
23.71
4.4
Book Value per Share
63.72
189.98
197.01
204.25
206.88
219.15
226.75
235.09
244.3
257.3
250.83
Tangible Book Value per Share
63.72
189.98
197.01
204.25
206.88
219.15
226.75
235.09
244.3
257.3
250.83
Basic Weighted Avg Shares
580
1,425
5,284
5,285
5,281
5,277
5,277
5,277
5,277
5,278
5,282
Sales/Revenue/Turnover
827,607
746,653
727,051
681,677
696,561
820,161
980,168
1,138,537
1,345,030
1,474,808
1,469,714
Operating Margin (%)
21.05
22.36
13.84
16.3
12.76
19.47
17.75
16.14
15.55
16.76
14.44
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
10,692
9,844
12,942
- -
Net Income, GAAP
117,064
120,417
72,807
90,047
80,234
136,583
150,655
157,662
166,843
196,438
169,588
Effective Tax Rate (%)
31.06
28.43
39.75
31.9
28.16
20.11
19.02
19.54
22.1
23.04
23.44
Profit Margin (%)
14.14
16.13
10.01
13.21
11.52
16.65
15.37
13.85
12.4
13.32
11.54
Working Capital
265,596
575,519
623,526
562,262
530,322
587,250
627,841
614,927
584,702
664,516
637,155
LT Debt
- -
- -
- -
- -
22,877
4,201
298
7,030
6,736
3,921
1,960
Total Equity
336,734
1,004,021
1,041,156
1,079,412
1,091,647
1,156,413
1,196,519
1,240,520
1,289,110
1,359,794
1,325,567
Return on Invested Capital (%)
- -
17.58
5.98
6.91
5.71
10.8
11.7
11.85
12.14
13.41
11.42
Return on Capital (%)
- -
17.96
7.12
8.49
7.51
11.9
12.7
12.87
13.19
14.47
12.69
Return on Common Equity (%)
- -
17.96
7.12
8.49
7.39
12.15
12.81
12.94
13.19
14.83
12.76

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
69,094
54,325
39,556
LT Borrowings
- -
- -
- -
LT Finance Leases
3,921
2,941
1,960
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,285
5,285
5,285
Market Capitalization
1,891,962
1,733,418
1,733,418

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,015,318
1,094,259
1,063,983
Cash, Cash Equivalents & STI
554,126
610,710
546,829
Accounts Receivable, Net
360,492
370,152
356,451
Inventories
23,227
18,772
24,537
Total Current Liabilities
350,802
381,534
426,828
Payables & Accruals
- -
- -
- -
ST Debt
69,094
54,325
39,556
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
4.5%
5.48%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
21.75%
17.74%
Sales/Revenue/Turnover
- -
16.24%
9.65%
Total Cash Common Dividend
- -
13.44%
5.85%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
293,370
305,382
347,869
398,410
1,345,030
2025
355,410
358,593
- -
381,439
1,474,808
2026
347,222
382,460
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.3
7.53
8.12
8.67
31.62
2025
8.38
8.68
- -
10.56
37.22
2026
8.62
4.25
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.8
- -
- -
- -
22.41
2025
3.79
- -
- -
- -
23.71
2026
4.4
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Shanti Puruhita
Full Time Employees
112
Sector
Transportation
Industry
Other transportation
Address
Pelindo Tower Jakarta JK Indonesia 14230
IPO Date
Dec 22, 2017
Website
ipcmarine.co.id
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Business
PT Jasa Armada Indonesia Tbk operates primarily as a maritime service company providing comprehensive port-related and vessel operational services. Its core offerings comprise towage services including pushing, pulling, holding, escorting, and assisting vessels within shipping lanes, anchorage areas, and docks; pilotage services facilitating vessel navigation entering and exiting ports; mooring services; vessel leasing; maritime transportation services; freight and cargo handling; warehousing and storage; general machine repair services; and vessel, boat, and floating structure repair services. The company manages pilot boats and maintains its fleet to support these operations and serves diverse shipping and logistical needs across Indonesia. Headquartered in Jakarta Utara, Indonesia, and founded in 1960, PT Jasa Armada Indonesia operates in key Indonesian port areas including Tanjung Priok, Banten, Cirebon, and Bandar Lampung, among others. It functions as a subsidiary of PT Pelindo Jasa Maritim. In recent years, the company has embarked on significant strategic expansion to bolster its operational capacity and market reach. This includes capital expenditure allocation of approximately IDR 158 billion for 2024 and 2025 aimed at acquiring two new tugboats to strengthen its fleet, vessel rejuvenation programs, and system upgrades. Additionally, PT Jasa Armada Indonesia has expanded its operational areas to include Laiwui, Halmahera Selatan, and Maluku Utara and formed strategic alliances to supply tug services in emerging port locations such as Tarakan in Kalimantan Utara. The company emphasizes enhanced operational readiness, customer satisfaction, and sustainable transformation aligned with Indonesia’s evolving maritime regulations and market dynamics, aiming to sustain growth amid macroeconomic challenges while benefiting from supportive government policies on trade and investment. This proactive expansion and fleet enhancement strategy reflect PT Jasa Armada Indonesia's commitment to maintaining competitive maritime service leadership in Indonesia’s port infrastructure sector.