Jakarta, February 26, 2025 – PT MNC Land Tbk (IDX: KPIG or the Company) recorded solid performance growth throughout 2024. Based on the FY-24 (unaudited) financial statements, the Company's net revenues reached Rp1.76 trillion, marking a 24% year-on-year (yoy) jump. The primary contributions came from the hospitality segment, including MICE and F&B, which continue to see strong demand in line with the rise in business activities and tourism. Additionally, the Company's office space rental business, including co-working spaces, has also experienced growth, driven by its strategic locations and high-quality facilities.

From the profitability perspective, PT MNC Land Tbk successfully posted a net profit of Rp 613 billion in FY-24 (unaudited), surging 78% yoy compared to the same period last year. The Book Value per Share (BVPS) of KPIG stood at Rp291 per share, while as of February 25, 2025, KPIG’s stock price closed at Rp133 per share, making it an attractive investment opportunity compared to its intrinsic value.