PT Pemeringkat Efek Indonesia (PEFINDO) has once again assigned an "idAA-" rating with a stable outlook to PT Hakaaston (HKA) for the period of June 2026 to June 2027. This decision is based on the strategic position of the subsidiary of PT Hutama Karya (Persero) within the parent company's ecosystem, its integrated toll road maintenance operational scale, and the company's financial profile, which is assessed as conservative and well-maintained.
The resilience of HKA's business fundamentals is reflected in the audited financial statements for the 2025 fiscal year. Throughout the year, the company successfully recorded a total revenue of IDR 1.489 trillion. The toll road operations and maintenance services sector became the main backbone, contributing 73.9 percent or equivalent to IDR 1.100 trillion. Meanwhile, the commercial line through hotmix and spun pile sales provided a healthy diversification contribution of IDR 389.5 billion or 26.1 percent.
This positive trend continued into early 2026. Based on the first-quarter financial report as of March 31, 2026, HKA managed to record revenue of IDR 363.5 billion, with EBITDA reaching IDR 37.8 billion and net profit at IDR 23.9 billion. This quarterly achievement strengthens long-term growth momentum while maintaining the company's credit profile stability in the eyes of rating agencies.
HKA management explained that this achievement is the result of operational efficiency measures and the implementation of disciplined corporate governance. Holding a vital role as the main operator of the Trans Sumatra Toll Road (JTTS) network, HKA is optimistic about realizing its transformative vision to become Indonesia’s Most Valuable Infrastructure Asset Management (IM-V-IAM).
