RISE Posts Positive Third-Quarter Growth, Driven by Industrial and Logistics Segments

PT Jaya Sukses Makmur Sentosa Tbk (RISE), the property developer owned by Hermanto Tanoko, booked Rp147 billion in profit attributable to owners of the parent for the first nine months of 2026, up 183% year on year. Revenue rose 24% to Rp364.5 billion, with the Industrial & Logistics segment the largest contributor at Rp168.6 billion (up 621%), or about 46% of the total. The Hotel, MICE and Leisure and District Business segments also supported results on the back of higher operational activity. RISE President Director Budi Agusti said the growth reflects the benefits of diversifying beyond residential property.