Jakarta — The BUMN Regulatory Agency (BP BUMN), together with the Danantara Investment Management Agency (BPI Danantara), will closely oversee the restructuring process of PT Wijaya Karya (Persero) Tbk (WIKA).
Head of BP BUMN and COO of Danantara, Dony Oskaria, said WIKA’s restructuring must be based on financial statements prepared accurately and reflecting the company’s actual condition.
“We should be realistic. We don’t want anything made up. For things that don’t exist, the approach will be different,” Dony said in an official statement received by ANTARA in Jakarta, Friday (August 21, 2026).
To oversee the process, Dony held a meeting with WIKA’s board of directors to discuss the company’s restructuring strategy.
During the meeting, Dony emphasized the importance of using figures and conditions that genuinely reflect WIKA’s position. According to him, restructuring must begin with mapping the company’s actual needs so that the solutions prepared can be implemented and have a direct impact on improving the company.
The measures include mapping obligations that genuinely need to be settled as well as the company’s ability to meet its financial needs.
“We want to know first what the actual amount is that needs to be fixed. We want to know what is actually needed and what the real capacity is in terms of financial conditions that we can immediately collect,” Dony said.
Focus on Improving Finances and Assets
Accurate financial statements are one of the key foundations of WIKA’s restructuring. Accurate data is needed so that the improvement measures can be designed based on the company’s actual condition and provide a clear picture of its needs going forward.
In addition to improving its financial statements, WIKA’s restructuring will also focus on optimizing assets that can be divested.
These assets are expected to be utilized optimally to help reduce debt obligations while improving the company’s financial structure.
With a realistic approach, WIKA’s restructuring is not merely aimed at improving figures on paper. The reforms are intended to strengthen the company’s fundamentals, reduce its financial obligations, and provide room for WIKA to improve its performance and maintain business sustainability.
