PT Pegadaian Records Phenomenal 84.4% Profit Surge in H1 2026, Garnering High Praise from President Prabowo Subianto

JAKARTA — State-owned pawnbroking giant PT Pegadaian has emerged as a shining beacon of corporate excellence within Indonesia’s state-owned enterprise (SOE) sector. The company’s exceptional financial trajectory through the first half of 2026 has earned direct commendation from President Prabowo Subianto, underscoring the profound impact of robust corporate governance, visionary management, and strategic digital transformation.

Amid a complex and shifting global economic landscape marked by geopolitical headwinds, PT Pegadaian’s stellar financial performance reflects its enduring resilience and its indispensable role as a pillar of grassroots economic stability and financial inclusion in Indonesia.

Main Facts: A Historic Financial Milestone

PT Pegadaian closed the first half of 2026 on June 30 with a historic financial scorecard, showcasing exponential growth across all primary metrics.

• Net Profit Surge: Pegadaian reported a staggering net profit of IDR 6.59 trillion for the first six months of 2026. This represents an 84.4% year-on-year (YoY) increase compared to the IDR 3.58 trillion recorded during the same period in 2025.
• Asset Expansion: Total assets expanded robustly to reach IDR 186.33 trillion, marking a 53.9% increase from IDR 121.1 trillion the previous year.
• Financing Growth: Outstanding Loan (OSL) gross skyrocketed to IDR 155.1 trillion, a 52.7% jump from IDR 101.5 trillion in June 2025.
• Prudent Asset Quality: Remarkably, this aggressive portfolio expansion was achieved alongside a healthier credit risk profile. The Non-Performing Loan (NPL) ratio improved significantly, dropping from 0.81% as of June 30, 2025, to 0.71% by June 30, 2026.

These extraordinary figures position Pegadaian not only as a profitable commercial entity but also as a systemic engine driving community welfare, emergency funding absorption, business financing, and large-scale gold asset governance.

Official Responses: Presidential Praise and Leadership Vision

The stellar achievements of PT Pegadaian did not go unnoticed at the highest level of government. In a recent national address highlighting the sweeping revitalization of Indonesia’s state-owned enterprises, President Prabowo Subianto explicitly singled out Pegadaian alongside other major SOEs for their phenomenal half-year growth.

President Prabowo Subianto’s Address

Reflecting on the comprehensive reforms implemented across the state sector, President Prabowo emphasized how sound management and ethical leadership can yield rapid, tangible results for the nation.

"We are carrying out massive restructuring of our SOEs. In the first six months of 2026, PT Semen Indonesia’s net profit rose by 408.9%—400%," President Prabowo stated.

"PT Pupuk Indonesia’s net profit rose by 252.8%. PT Pertamina’s net profit rose by 86%. Pegadaian’s net profit rose by 84.4%."

The President asserted that these figures serve as irrefutable proof that state-owned entities can thrive under competent leadership unmarred by malpractice.

"This proves that with common-sense management and an honest intention not to deceive, our success can come very quickly," the President added.

PT Pegadaian Management’s Perspective

Responding to the national recognition, PT Pegadaian (Persero) President Director Damar Latri Setiawan expressed profound gratitude to the company’s millions of loyal customers and the broader Indonesian public. He attributed the company’s continuous growth to unwavering public trust and the dedicated workforce driving the enterprise forward.

"Alhamdulillah, Pegadaian continues to post stellar performance growth amidst current economic and geopolitical challenges. Thank you to our customers and the entire Indonesian community for your unwavering trust in Pegadaian’s products and services," Damar stated.

"Driven by our core ethos of ‘Serving Wholeheartedly’ (Melayani Sepenuh Hati), Pegadaian continues to elevate its role and contribution to national economic development, aiming to ‘Golden-ize’ Indonesia (MengEMASkan Indonesia)."

Chronology of Transformation: The Journey to Digital and Financial Inclusion

Pegadaian’s journey to becoming a modern, agile financial powerhouse did not happen overnight. It is the result of a multi-year strategic evolution focused on operational efficiency, risk management, and, most importantly, aggressive digital transformation.

Phase 1: Expanding Traditional Roots to Modern Needs

For over a century, Pegadaian has served as the ultimate financial safety net for everyday Indonesians, offering prompt liquidity through traditional pawning services. However, recognizing the changing dynamics of the 21st-century economy, the leadership recognized that relying solely on physical branches would limit the company’s potential to foster deep financial inclusion across Indonesia’s vast archipelagic landscape.

Phase 2: The Birth of Digital Solutions

To bridge geographical gaps and appeal to a younger, tech-savvy demographic, the company introduced its initial digital iterations. This allowed customers to save gold, apply for microloans, and monitor transactions via mobile devices.

Phase 3: The Launch of Tring! by Pegadaian (October 2025)

A pivotal milestone in this chronological evolution occurred on October 8, 2025, in Jakarta, with the official launch of Tring! by Pegadaian—a comprehensive rebranding and massive upgrade of the legacy Pegadaian Digital application.

Designed with a modern interface, enhanced security architecture, and a broader suite of financial capabilities, Tring! was built around the philosophy of "1 User ID, All Needs." The platform successfully dismantled administrative and financial barriers by enabling users to complete registration and verification processes in a single, frictionless step.

Through Tring!, users gained direct access to a comprehensive ecosystem encompassing:

• Gold Investments: Tabungan Emas (Gold Savings), Deposito Emas (Gold Deposits), and Cicil Emas (Gold Installments).
• Collateralized Digital Services: Innovative features allowing users to leverage their Gold Savings balances as direct collateral for digital pawning needs.
• Diverse Financing Solutions: Cicil Kendaraan (Vehicle Installments), Pembiayaan Multiguna (Multipurpose Financing), Tourism & Religious Travel packages (including Hajj quota allocations), and robust Micro-Business Financing (Pembiayaan Usaha).

Supporting Data & Financial Breakdown

A granular look at the financial reports ending June 30, 2026, reveals the sheer scale of PT Pegadaian’s market penetration and balance sheet strength:

The simultaneous growth of a 52.7% expansion in gross financing alongside a reduction in the NPL ratio to 0.71% highlights a masterclass in risk management. It demonstrates that Pegadaian’s credit-scoring algorithms, underwriting standards, and customer engagement strategies are maturing effectively, ensuring that rapid portfolio growth does not compromise asset health.

Implications for Society and the National Economy

PT Pegadaian’s record-breaking performance carries profound implications for multiple stakeholders across the Indonesian economic ecosystem:

1. Deepening Financial Inclusion

By leveraging the Tring! application and maintaining an extensive hybrid network of physical branches and digital touchpoints, Pegadaian actively pulls unbanked and underbanked populations into the formal financial system. Products like Tabungan Emas democratize wealth accumulation, allowing citizens from all socioeconomic tiers to hedge against inflation starting with nominal sums.

2. Bolstering Micro, Small, and Medium Enterprises (MSMEs)

As the backbone of the Indonesian economy, MSMEs frequently encounter liquidity bottlenecks. Pegadaian’s business financing and multipurpose loan products serve as vital lifelines for entrepreneurs seeking capital injections without navigating the bureaucratic red tape typical of traditional commercial banking institutions.

3. Setting a Benchmark for SOE Reform

President Prabowo’s praise highlights Pegadaian as a prime blueprint for how state-owned enterprises can achieve commercial viability while fulfilling public service obligations (Public Service Obligations / PSO). Transparent management, ethical leadership, and market-responsive innovation are proving to be a winning formula for state assets.

4. Long-Term Economic Resilience

In an era defined by global macroeconomic uncertainty, fluctuating commodity prices, and currency volatility, Pegadaian’s strategic focus on gold asset governance acts as a stabilizing anchor. Gold is historically recognized as a safe-haven asset; by anchoring a significant portion of its financial ecosystem to gold, Pegadaian helps insulate its customer base from external economic shocks.

Conclusion

The first half of 2026 will undoubtedly be etched into PT Pegadaian’s corporate history as a watershed period. Driven by strategic digital transformation, rigorous risk management, and a steadfast commitment to public service, the company has shattered previous financial ceilings.

With President Prabowo Subianto championing its operational success, and guided by visionary leadership under Director Utama Damar Latri Setiawan, PT Pegadaian stands firmly poised to continue its upward trajectory—driving financial inclusion, empowering grassroots businesses, and steadily realizing its ultimate vision of "MengEMASkan Indonesia" (Golden-izing Indonesia).