Waskita Beton Precast pivots assets

PT Waskita Beton Precast is widening its business beyond selling concrete, adding equipment rental as it tries to earn more from assets it already owns. (waskitaprecast.co.id) The Jakarta-listed company’s 2025 public expose said its 2026 new-contract target of Rp2.6 trillion would come from precast, ready-mix, construction services and equipment rental. Chief executive Anak Agung Gede Sumadi said precast would remain the core business. (investor.waskitaprecast.co.id) (investor.id) WSBP’s 2026 company profile says its Cikopo workshop already rents and maintains heavy construction equipment including truck mixers, silos, wheel loaders, generators and excavators. The same document describes the company’s mission as offering integrated concrete, construction, modular and supporting-equipment services. (waskitaprecast.co.id) That shift comes after another year of losses. WSBP booked 2024 revenue of Rp1.97 trillion and a net loss of Rp997.3 billion, then reported January-September 2025 revenue of Rp1.17 trillion and a net loss of Rp324.2 billion. (investor.waskitaprecast.co.id) Its balance sheet still shows a heavy asset base. As of December 31, 2024, WSBP reported net fixed assets of Rp2.22 trillion against total assets of Rp3.62 trillion, while the unaudited June 30, 2025 statement showed net fixed assets of Rp2.14 trillion and total assets of Rp3.29 trillion. (investor.waskitaprecast.co.id 1) (investor.waskitaprecast.co.id 2) The company has been reshaping its finances at the same time. WSBP said it made a sixth CFADS payment to creditors on September 25, 2025 worth Rp110.75 billion, bringing total CFADS payments to Rp541.74 billion. (en.antaranews.com) That creditor payment update also said an extra Rp1.59 billion came from the auction of non-productive assets on April 25, 2025. WSBP said it had converted Rp1.55 trillion of trade-creditor debt into equity by August 31, 2025, equal to 90.23% of the amount slated for conversion. (en.antaranews.com) For WSBP, renting out mixers, loaders and other site equipment is a way to keep earning from machinery between concrete orders. The company is still selling precast as its main product, but its 2026 plan shows services taking a larger place in how it tries to recover. (waskitaprecast.co.id) (investor.id)