Prabowo Reveals BUMNs with Profit Increases, Including Pertamina and Pegadaian

Previously, Prabowo also touched on BUMN efficiency in the "President Prabowo Answers" program in September 2026.

On that occasion, he stated the government had closed 328 BUMNs since he took office as president.

According to Prabowo, this move has saved up to Rp50 trillion from operational costs such as executive and commissioner salaries, building leases, vehicle rentals, and work meetings.

Prabowo said that about 400 more BUMNs are scheduled to be closed by the end of 2026. Thus, the total number of BUMNs targeted for closure is 750 companies, with potential budget savings of up to Rp100 trillion.

Besides Pupuk Indonesia, Prabowo also mentioned PT Timah Tbk as a BUMN that recorded profit increases.

He said PT Timah's profits rose ninefold, or approximately 900 percent compared to 2025.

"PT Timah is now profitable. You might find it hard to believe, but PT Timah’s profit increased nine times, or 900 percent," Prabowo stated.

Prabowo believes this performance improvement stems from changes in BUMN management. He said the government and BUMN directors no longer seek profits for personal gain.

"Because the directors and all of us, we do not want any trickery. We do not want to steal from the state," Prabowo emphasized.

Part of this article was originally published on Kompas.com under the title Prabowo Says 328 BUMNs Closed, Claims Rp50 Trillion Budget Savings