99 Tekno JAKARTA. PT Agung Podomoro Land Tbk (APLN), a prominent real estate developer, has announced its decision to forego dividend distribution from its 2025 financial year earnings. This strategic move received official approval during the company’s Annual General Meeting of Shareholders (AGM) for 2025, which took place on Tuesday, May 26, 2026.
During the AGM, shareholders resolved to allocate Rp 5 billion from the net profit towards a reserve fund. This allocation adheres to the provisions of Article 70 of Law Number 40 Year 2007 concerning Limited Liability Companies, as partially amended by Law Number 6 Year 2023 regarding the Stipulation of Government Regulation in Lieu of Law Number 2 Year 2022 concerning Job Creation into Law. The utilization of this reserve fund will strictly comply with the company’s Articles of Association.
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“The remaining portion of the net profit, amounting to Rp 107.84 billion, will be booked as an addition to retained earnings, thereby bolstering the company’s business operations,” APLN management confirmed in a public disclosure released on Thursday, May 28, 2026.
This decision to retain earnings comes as APLN reported a substantial decrease in its attributable net profit for the 2025 fiscal year. The company’s net profit reached Rp 112.84 billion, representing a sharp 82.19% year-on-year decline from the Rp 633.86 billion recorded in the previous year.
Furthermore, APLN’s overall sales and operating revenue also experienced a significant downturn, decreasing by 36.05% year-on-year to Rp 3.56 trillion throughout 2025. Residential sales emerged as a primary revenue contributor, generating Rp 1.06 trillion. This was followed by apartment sales, which contributed Rp 588.18 billion, and land sales, accounting for Rp 247.18 billion. Within the commercial property segment, APLN additionally recorded Rp 243.49 billion from the sale of shophouses (ruko).
Despite the challenges in sales, APLN demonstrated resilience in its recurring income segment, recording Rp 1.36 trillion in 2025. This steady revenue stream was primarily generated from its diverse portfolio of hotel businesses, shopping mall rentals, and various other income sources.
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Currently, APLN boasts an impressive array of assets, owning and operating several prominent hotels, including Pullman Grand Central Bandung and Hotel Indigo Bali Seminyak Beach. Its extensive retail portfolio comprises renowned shopping centers such as Senayan City, Kuningan City, Baywalk Mall, Emporium Pluit Mall, Central Park Mall, Central Park 2, Festival Citylink, DeliPark Mall Medan, and Plaza Balikpapan, all of which contribute significantly to its recurring income.
Summary
Agung Podomoro Land (APLN) has announced its decision to forego dividend distribution from its 2025 financial year earnings, a move approved during its Annual General Meeting of Shareholders. The company will instead allocate Rp 5 billion of its net profit to a reserve fund and add the remaining Rp 107.84 billion to retained earnings to bolster business operations. This strategic decision stems from a substantial 82.19% year-on-year decline in its net profit for 2025, which totaled Rp 112.84 billion.
APLN’s overall sales and operating revenue also decreased by 36.05% to Rp 3.56 trillion in 2025, with residential and apartment sales being key revenue contributors. Despite these challenges, the company’s recurring income segment showed resilience, generating Rp 1.36 trillion from its diverse portfolio of hotels and shopping mall rentals. APLN continues to own and operate significant assets, including prominent hotels and shopping centers like Senayan City and Central Park Mall, which contribute to this steady income stream.