Hermanto Tanoko’s RISE Sees Profits Skyrocket 496% as Real Estate Demand Surges

JAKARTA, Investortrust.id — PT Jaya Sukses Makmur Sentosa Tbk (RISE), the property arm of Indonesian billionaire Hermanto Tanoko’s business empire, has reported a blockbuster first quarter. The developer’s bottom line exploded by nearly 500%, signaling a high-octane recovery and aggressive efficiency gains in the nation’s real estate sector.

RISE’s triple-digit profit growth is a major "buy" signal for investors tracking the Indonesian property cycle. While many developers struggle with high construction costs, RISE has successfully paired a 36% revenue increase with a massive 496% profit leap—suggesting an elite level of cost discipline and high-margin project delivery. This performance validates the "Tanoko Touch," showing that his mid-to-high-end residential projects are hitting a sweet spot in consumer demand despite broader economic headwinds.

Profitability Hits Hyperdrive

The company’s financial health saw a dramatic transformation in just twelve months. Net profit attributable to owners hit Rp 97.2 billion ($6.1 million) for the quarter ending March 31, 2026, up from a modest Rp 16.3 billion ($1 million) in the same period last year.

Total revenue rose to Rp 173.1 billion ($10.9 million). RISE President Director Budi Agusti attributed this "profitability pivot" to a lean operational strategy and the rapid monetization of flagship projects. "This achievement results from the right sales strategy combined with disciplined cost management," Agusti stated in an official release on Saturday, April 18.

Real Estate Sales Drive the Engine

The residential and commercial real estate segment remains the primary growth engine for the firm. Revenue from this division surged 40% year-on-year to Rp 117.4 billion ($7.4 million), now making up 68% of the company’s total business.

Beyond one-off sales, RISE is successfully building a "recurring income" moat. Its office segment contributed Rp 15.9 billion ($1 million) in steady, predictable revenue. This mix of high-growth sales and stable rental income is a key part of the firm's strategy to protect against market volatility.

Expansion: The 2026 Roadmap

Looking ahead, RISE is doubling down on integrated developments. The company plans to accelerate the development of its strategic landbank, focusing on residential, commercial, and industrial estates.

"With solid fundamentals and an adaptive strategy, we are optimistic about maintaining this positive growth trend throughout 2026," Agusti concluded. For investors, the focus will be on whether RISE can maintain these margins as it ramps up capital expenditure for its new industrial and hospitality ventures later this year.