Audited Financial Statements
INA publishes its audited financial statements every year that adhere to International Financial Reporting Standards (IFRS).
INA’s investment activities have steadily expanded, with cumulative total disbursements reaching IDR60.9 trillion (~USD3.8 billion) since its inception, marking a 5-fold increase compared to the first year of INA’s operations."
The Year of Sustainable Development
In 2024, Indonesia Investment Authority (INA) continued to strengthen its role in driving strategic investments, guided by the theme "The Year of Sustainable Development". This theme reflects a commitment to building a high-quality and value-added investment portfolio while anticipating future challenges and opportunities. It underscores the importance of not only formulating strategies that align with long-term aspirations and proactively navigating uncertainties but also remaining firmly committed to upholding good governance and a robust operational framework.
Since its establishment, INA has secured investment commitments from both global and local investors, bringing the cumulative total to over USD25 billion, or approximately IDR400 trillion. Throughout 2024, INA, together with its co-investors, disbursed investments amounting to IDR19.5 trillion (~USD1.2 billion). INA successfully attracted co-investment of IDR13.8 trillion (~USD865 million) with INA’s portion amounting to IDR5.6 trillion (~USD352 million). These investments have been directed in accordance with INA’s mandate, supporting sectors that contribute to economic resilience and long-term growth.
Over time, INA’s investment activities have steadily expanded, with cumulative total disbursements reaching IDR60.9 trillion (~USD3.8 billion) since its inception, marking a 5-fold increase compared to the first year of INA’s operations. INA’s cumulative investment disbursement has reached IDR24.9 trillion (~USD1.6 billion), growing 6.2 times from its first year. INA has also contributed to attracting foreign direct investment (FDI) into Indonesia, with a total cumulative investment value of IDR36 trillion (~USD2.2 billion) since its establishment, reflecting a 4.5-fold increase compared to INA’s initial efforts in attracting FDI. Throughout 2024, INA, alongside its investment partners, has continued allocating capital across its priority sectors, including logistics and transportation, digital infrastructure and digitalization, and healthcare services.
The steady growth of INA’s investment portfolio is reflected in the expansion of its Assets Under Management (AUM), which reached IDR144.3 trillion by the end of 2024, marking a 92% increase compared to INA’s establishment period. This progress reflects INA’s ongoing efforts to channel investments into high-potential projects, attract leading co-investors to deploy capital in Indonesia, leverage strong banking networks to provide tailored financial solutions that align with INA’s investment profile, and manage treasury assets effectively and optimally.
INA’s financial position remains solid, as reflected in its credit ratings. Fitch Ratings assigned INA’s Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at 'BBB' (Stable) and National Long-Term Rating at 'AAA(idn) These ratings are investment grade rating, equalized to the rating of Government of Indonesia and the highest rating assigned nationally. It is a testament of INA’s strategic importance and its strong financial standing.
From a financial performance perspective, INA recorded a net profit of IDR5.4 trillion in 2024, an increase of 26.2% compared to the previous year. This result was supported by total revenue of IDR5.9 trillion, which was generated from dividend, interest income and realized gain on transfer of ownership from INA’s investment portfolio and treasury assets. INA’s financial performance reflects a continued focus on prudent portfolio management and disciplined cost optimization.
