KONTAN.CO.ID – JAKARTA. PT Intra Golflink Resorts Tbk. (GOLF) successfully recorded positive performance amid a sluggish economy since the beginning of the year. Despite some underperforming business lines, the company’s new segment and its core golf segment were able to support overall performance.
In the first half of 2025, GOLF posted revenue of IDR 70.09 billion, up 10.38% year-on-year (YoY). This growth was partly driven by a new revenue stream from real estate, which contributed IDR 6.82 billion.
The main contributor, the golf segment, also supported the performance with a modest 3.51% YoY growth to IDR 48.06 billion. Meanwhile, the restaurant segment recorded a decline of 10.56% YoY to IDR 10.50 billion.
Specifically, New Kuta Golf (NKG) in Bali remained the main contributor to golf segment revenue, following a surge in golf rounds since May 2025.
After Bali National Golf Club was temporarily closed on May 1, 2025, for major renovations, NKG successfully captured the golf tourism market in Bali with over 7,000 rounds per month since then. In Q2 2025, golf rounds at NKG surged by nearly 20% YoY.
In June, NKG recorded 7,249 rounds — the highest monthly figure in its history. This contributed to a 25.5% year-on-year increase in golf revenue at NKG during the first half of 2025.
This strong golf segment also helped drive gross profit up by 4.7% YoY to IDR 37.5 billion. Despite cost pressures from facility development and new business activities, the gross margin remained solid at 53.5%.
At the bottom line, GOLF recorded a net profit of IDR 11.30 billion, up 28.82% YoY, supported by an increase in net profit margin to 16.1%.
In the second half of the year, GOLF is expected to secure additional revenue from recognized sales of several properties, including the first and second clusters of The Links Golf Villa Bali and The Links Golf Villa Belitung.
Additionally, GOLF has several ongoing projects, including its flagship hospitality asset: a 6-star Luxury Boutique Hotel in Bali.
Source: kontan.co.id
Update Saham
