这是Gunung Raja Paksi（GGRP）为改善业绩而采取的策略，此前该公司曾出现亏损。
KONTAN.CO.ID - JAKARTA. PT Gunung Raja Paksi Tbk (GGRP) is trying to recover its performance. GGRP is focused on improving its financial performance after turning a loss in the first half of this year.
GGRP suffered a loss of US$ 20.98 million in the first semester of 2025. In fact, in the same period last year GGRP still earned a net profit of US$ 118.42 million.
GGRP's loss cannot be separated from the significant decline in sales, which fell 57.76% on an annual basis (year on year / YoY) from US$ 200.03 million to US$ 84.48 million.
GGRP's revenue was dominated by steel sales to the local market amounting to US$ 78.61 million.
That amount is equivalent to 93.05% of GGRP's total sales in the first semester of 2025. Meanwhile, sales to the export market contributed US$ 5.86 million. GGRP's local and export sales decreased by 59.27% and 16.16% (yoy) respectively.
Director of Gunung Raja Paksi Harianto revealed that GGRP's performance in the first semester of 2025 reflected the pressure that still overshadowed the national steel industry. The slowdown in demand in several major sectors was accompanied by a heavy flow of imported steel products at low prices.
Even so, Harianto said GGRP continues to maintain its liquidity position to support operational needs. In the first semester of 2025, GGRP's liquidity position showed a positive trend. Key indicators such as current ratio, quick ratio and cash ratio remained in positive numbers.
According to Harianto, this shows that GGRP has sufficient capacity to meet all short-term obligations.
"The balance between liquidity and capital expenditure control is an important foundation for GGRP to remain adaptive and responsive in the midst of dynamic market conditions," Harianto said when contacted by Kontan.co.id earlier this week.
Entering the second half of 2025, Harianto sees that the industry outlook is still quite tough. The domestic steel industry is still facing a challenging situation affected by pressures from global economic conditions, commodity price fluctuations, and geo-political uncertainty that have an impact on demand movements and market competition.
Strategy to Recover Performance
GGRP also carries a number of strategies to face these challenges. First, GGRP prioritizes strengthening domestic market penetration through improved customer service, while striving for operational efficiency throughout the supply chain.
Second, GGRP encourages value-added products that suit the needs of the national industry. “This step is in line with the direction of national industrial policies that encourage import substitution and increase the use of local steel products in various strategic projects,” Harianto explained.
Third, GGRP will selectively evaluate export opportunities to non-traditional markets. So far, the GGRP export market has targeted a number of countries such as Australia and New Zealand.
On the other hand, GGRP highlighted the challenges of the national steel industry due to global overcapacity, which has led to a flood of imports into the domestic market. In the midst of this situation, GGRP hopes that the government will strengthen supervision of import flows and ensure that trade remedies policies are consistently applied.
"This is very necessary so that the domestic business climate remains fair and competitive. Balanced domestic market protection not only maintains the sustainability of the national industry, but also encourages the creation of a healthy industrial climate," Harianto said.
With these various efforts, GGRP hopes to restore performance gradually.
“The company continues to carry out various structural improvement steps to increase business efficiency and resilience in the face of market dynamics that are still volatile,” said Harianto.