RealEstat.id (Jakarta) – PT Indonesian Paradise Property Tbk (IDX: INPP), widely known as Paradise Indonesia, continues to advance a measured expansion strategy as part of its long-term plan to strengthen recurring income and sustain business growth.
The company, which operates across hospitality, commercial properties, and property development, remains focused on building its portfolio in strategic, high-potential locations.
As part of this approach, Paradise Indonesia is prioritizing the development of assets that generate recurring income.
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The strategy is designed to ensure stable cash flow while enhancing the quality and resilience of the company’s earnings amid evolving conditions in the property industry.
In 2026, the company targets maintaining recurring income at around 70% of total revenue, supported by its strategic asset base and ongoing expansion initiatives.
“At Paradise Indonesia, we do not simply build properties—we develop sustainable assets that deliver long-term value through recurring income,” said President Director and CEO of Paradise Indonesia, Anthony Prabowo Susilo.
With this strategy, he is confident the company will continue to achieve healthy growth while maintaining strong and sustainable performance momentum.
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First Quarter 2026 Performance
In the first quarter of 2026, Paradise Indonesia maintained positive momentum, recording revenue of IDR326.90 billion, representing a 14% year-on-year increase compared to the same period last year.
All core business segments—including hospitality, commercial properties, and property sales—contributed to the growth.
The commercial segment remained the largest contributor, generating IDR157.14 billion in revenue, up 19% year-on-year. The hospitality segment followed with revenue of IDR135.50 billion, reflecting 4% growth from the previous year.
Meanwhile, the property sales segment delivered the strongest growth, recording revenue of IDR34.26 billion, a 38% increase compared to the same period last year.
The surge was primarily driven by revenue recognition from the ongoing handover of units at the Antasari Place project earlier this year.
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Organic Performance Supports Net Profit Recovery
The company posted a net profit of IDR44.07 billion in the first quarter of 2026, marking a turnaround from a net loss of IDR132.87 billion recorded in the same period of 2025.
The improved result reflects stronger organic performance across business segments, particularly the commercial portfolio.
Growth in the commercial segment was supported by the contribution of the expansion of 23 Paskal Shopping Center in Bandung, which was completed last year and continued to positively impact performance during the early months of 2026.
Operational performance also strengthened, as reflected in EBITDA, which rose 20% to IDR100.67 billion from IDR 83.95 billion in the previous period.
The improvement highlights the company’s solid business fundamentals, supported by revenue growth and ongoing operational efficiency initiatives.
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Expansion Pipeline to Reinforce Recurring Income
Paradise Indonesia continues to build the foundation for long-term growth through a focused expansion strategy aimed at expanding its portfolio of recurring income–generating assets.
In the near term, the company is preparing to launch 23 Semarang Shopping Center, which is scheduled to begin operations in the second quarter of 2026.
The project is expected to further strengthen recurring income, particularly from the commercial segment.
Paradise Indonesia is also advancing the development of 88 Plaza, a mixed-use project located in the heart of Balikpapan.
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Construction of the first phase began in late January, focusing on infrastructure works, while the project’s pre-sales process continues to show strong market interest.
In addition, Paradise Indonesia has prepared a development pipeline that includes Antasari Place Tower 2 and further phases of the 88 Plaza project.
These developments will be executed in a measured and carefully planned manner to support the company’s long-term growth trajectory.
“Paradise Indonesia believes that measured expansion will serve as a key pillar in maintaining the stability of recurring income. With this strategy, we remain optimistic about delivering solid and sustainable performance in the years ahead,” Anthony concluded.
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