Jakarta - Building on solid fundamental corporate track records, PT Intra Golflink Resorts Tbk (IDX: GOLF) successfully held its 2025 Annual General Meeting of Shareholders (AGMS) at Mangkuluhur City Office Tower One, Jakarta on 2 June 2026. The meeting, which was followed by a Public Expose session, formally confirmed the company's strategic direction to expand integrated Golf Tourism and property ecosystems across bali, Sentul, and Belitung.
Net Profit Allocation & IPO Funds Utilization
Shareholders granted full approval for the allocation of 2025 fiscal year net profit attributable to Parent Entity Owners, amounting to IDR 51,809,424,238. From this total, 20% or IDR 10,361,884,848 is designated as proportional cash Dividend. 30% (IDR 15,542,827,271) is reserved for mandatory corporate reserves, while the remaining 50% (IDR 25,904,712,119) is allocated as internal capital to fund project expansion. The Board of Directors holds full authority over the distribution procedure and schedule for this Dividend.
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Regarding the Initial Public Offering (IPO), out of total net raised funds of IDR 371,277,680,001, GOLF recorded actual realized utilization of IDR 211,883,866,099. Breakdown shows IDR 152,253,670,876 was used for Capital Expenditure (Capex) and IDR 59,630,195,223 for Working Capital. The remaining unutilized funds of IDR 159,393,813,902 are currently held in properly accounted placements under management oversight.
FY25 & 1Q26 Performance Recap
GOLF's financial fundamentals continue to show positive trends. Throughout 2025, the company posted net revenue of IDR 215.5 billion, an 8.9% year-on-year increase. This growth was driven by the golf segment, most notably New Kuta Golf Bali which recorded a 95.9% YoY surge to IDR 182.3 billion, alongside real estate revenue recognition of IDR 68.4 billion from unit handovers at The Links Golf Villa Cluster 1 and Sequoia Hills Sentul. Full year net profit remained stable at IDR 51.8 billion.
This positive momentum continued into 1Q26, with net revenue recorded at IDR 28.82 billion, up 1.31% YoY. Cost efficiency strategies successfully reduced general and administrative expenses by 8.71% YoY to IDR 11.15 billion. As a result, operating profit jumped 146.16% YoY to IDR 3.18 billion, while net profit rose 20.60% YoY to IDR 1.60 billion.
Source: ITSME
2026 Targets & Outlook: Aggressive Expansion Across Three Regions
For the remainder of 2026, the company is targeting revenue growth above 10% with net profit margins exceeding 20%. This will be supported by a combination of recurring revenue strategies and premium real estate expansion, with focus areas as follows:
Bali: GOLF is accelerating development of the Banyan Tree Pecatu Resorts, a flagship Asia-Pacific scale project. Approximately 30%–40% of unused 2025 capex budget from the total IDR 323 billion allocation will be carried over to 2026 for this development. Construction focus includes a 100-person capacity event venue and new clubhouse built overlooking the iconic Hole 17 "Dewa's Landing" site. In parallel, the company is targeting completion of handover for remaining Cluster 1 property units valued at IDR 110 billion to recognize this revenue within the current fiscal year.
Sentul: Healthy cash flow for the property segment will be maintained through consistent ongoing handover progress for the Sequoia Hills project, developed under an operational cooperation agreement with Trinitiland.
Belitung: Black Rocks Golf & Leisure is being intensively developed as the company's new growth hub. New recreational facilities including the Laskar Pelangi Beach Food Plaza and Black Rocks Camping Ground have been launched, complemented by The Links Golf Villa Belitung as premium golf accommodation revenue stream Golf Premium.
Source: ITSME
Management Vision & Long Term Value
GOLF President Commissioner Darma Mangkuluhur Hutomo reaffirmed the company's vision to build fully integrated golf tourism ecosystems. "Our portfolio across Bali, Sentul and Belitung, supported by the upcoming Banyan Tree Pecatu Resorts, will establish the company as a global-scale destination operator while delivering optimal long term investment value," he stated.
GOLF President Director Dwi Febri Astuti added that acceleration will be the core priority moving forward: "Operational efficiency and strict cost discipline have delivered solid performance. Going forward, our focus will be accelerating completion of strategic projects and maximising revenue from our new commercial facilities."
Through its delivered financial performance and regional expansion initiatives, PT Intra Golflink Resorts Tbk (GOLF) has formally completed its Business transition from standalone Golf Course operator into an integrated Tourism area developer.
Strict operational efficiency discipline, transparent measured IPO fund utilization, and integration of commercial property with global standard resorts reflect management's unwavering focus on long term corporate fundamentals.
By strengthening its recurring revenue base, GOLF is now positioning itself as a strategic player in the Tourism and real estate sector, with clear projected investment stability for all shareholders.
