Bakrie & Brothers EBITDA Skyrockets 250% as Toll Road and EV Units Charge Growth

JAKARTA, Investortrust.id — Industrial heavyweight PT Bakrie & Brothers Tbk (BNBR) delivered a blowout first-quarter performance, proving that its pivot toward infrastructure and sustainable technology is paying off. The conglomerate posted a staggering 252.43% surge in EBITDA, far outpacing its 19% revenue growth as operational efficiencies and high-yielding assets kicked in.

BNBR’s results signal a successful deleveraging and restructuring story. By shifting focus from traditional commodities to toll road infrastructure and the electric vehicle (EV) ecosystem, the group has successfully insulated its bottom line from global macroeconomic volatility, delivering high-margin growth in a tightening fiscal environment.

The Power of Infrastructure

The star of the quarter was PT Cimanggis Cibitung Tollways (CCT). The toll road operator contributed Rp 232.76 trillion ($14.6 million) to the top line and accounted for a dominant 50.4% of the group's consolidated EBITDA.

"Amid extraordinary global economic turmoil, BNBR has consistently shown positive financial performance in the first three months of this year," said Anindya Novyan Bakrie, President Director & CEO of BNBR, in an official statement late Thursday. He noted that the operating profit spike of 240% was largely underpinned by CCT’s contribution, which alone represented 77% of total operating income.

EV and Industrial Momentum

The group’s green energy play, PT VKTR Teknologi Mobilitas Tbk (VKTR), also gained significant traction. The EV unit reported a 58.2% revenue increase, bolstered by a massive 9,510% jump in holding-level revenue as it scales its electric bus and commercial vehicle assembly operations.

Roy Hendrajanto M. Sakti, BNBR’s Finance Director, added that the automotive components arm, Bakrie Autoparts, grew 6.3% due to rising demand. While the Bakrie Metal Industries (BMI) group saw some softening, it was partially offset by non-oil and gas pipe sales from PT Southeast Asia Pipe Industries (SEAPI).

The Road Ahead

Management remains bullish on the second half of the year. The company is currently eyeing a pipeline of upcoming projects in the oil and gas piping and EPC (Engineering, Procurement, and Construction) sectors expected to materialize by mid-2026. "We are optimistic that there will be an increase in revenue in the pipe and EPC sectors as upcoming projects enter in this first semester," Hendrajanto concluded.

.