IDXChannel – PT Intra GolfLink Resorts Tbk (GOLF) recorded a net profit of IDR 11.30 billion in the first half of 2025, marking a 28.82 percent increase from the same period last year, when it posted IDR 8.77 billion.
In line with this, the company’s revenue also grew by 10.37 percent to IDR 70.08 billion, up from IDR 63.49 billion previously.
New Kuta Golf (NKG) in Bali remained the main driver of growth, supported by a surge in golf rounds since May 2025.
In the second quarter of 2025 alone, the number of golf rounds at NKG jumped nearly 20 percent year-on-year. In June, it reached 7,249 rounds — the highest monthly total in NKG’s history — reflecting the facility’s ability to absorb rising demand and strengthen recurring revenue from golf operations.
On the other hand, contributions from Palm Hill Golf Sentul remained limited as it is undergoing transformation into the Sequoia Hills development area. Nevertheless, the company’s strategy to develop high-value integrated property zones continues to show progress, with the first residential cluster of Sequoia Hills entering the handover phase in Q2 2025.
“Our performance in the first half of 2025 — particularly the surge in golf tourism at New Kuta and development progress in Sentul and Bali — indicates that our long-term vision is beginning to find its place in the market,” said GOLF President Commissioner Darma Mangkuluhur Hutomo in an official statement, quoted Sunday (August 3, 2025).
Furthermore, operating expenses increased to IDR 24.5 billion, reflecting continued investment in marketing and facility upgrades. As a result, operating profit (EBIT) slightly declined by 5.9 percent to IDR 13.1 billion.
Nevertheless, GOLF still managed to book a 28.8 percent growth in net profit to IDR 11.3 billion, with an improved net profit margin of 16.1 percent.
GOLF President Director Dwi Febri Astuti stated that the record-breaking visitor numbers at New Kuta Golf and the initial contributions from property development reflect a more mature business model, with stronger recurring income and a steadily growing real estate development scale.
“We will continue to focus on disciplined execution and sustainable long-term value growth for all stakeholders,” said Dwi.
Source: idxchannel.com
Update Saham
