JAKARTA – PT Intra Golflink Resorts Tbk (GOLF) has allocated IDR 323.3 billion in capital expenditure (capex) for 2025.

This move is part of the company’s strategy to strengthen infrastructure and expand its business in support of long-term growth.

GOLF President Director Dwi Febri Astuti explained that the capex budget will be sourced from various funding channels. “Funding for this capital expenditure will come from several sources, namely proceeds from the IPO, loans from Bank Nobu, and internal revenue,” she stated at a press conference on Tuesday (8 April).

With this capex budget, GOLF aims to enhance competitiveness and attract more visitors and investors to its business portfolio in 2025.

“We believe this investment will deliver long-term positive impacts, both by improving facilities and expanding our market reach,” Dwi said.

Meanwhile, GOLF’s Project General Manager, Hamdani Parulian Pane, outlined four key projects to be financed with the 2025 capex. Here is the breakdown of the planned use of funds:

• Construction of The Links Golf Villa (IDR 90 billion – IDR 100 billion)
  The first project involves the construction of The Links Golf Villa, with an estimated budget between IDR 90 billion and IDR 100 billion.
• Renovation of Bali golf course (IDR 60 billion)
  GOLF also plans to renovate one of its golf courses in Bali, which has been operating for 17 years. Approximately IDR 60 billion will be allocated to refurbish and upgrade the course to maintain international standards and enhance the playing experience for professional golfers and visitors.
• Development of a luxury boutique hotel in Bali (IDR 160 billion)
  The third project involves building a luxury boutique hotel in Bali, with a projected budget of IDR 160 billion. Strategically located, the hotel is expected to attract both international and domestic tourists seeking premium services in the resort area.
• Expansion of Belitung Golf Resort (IDR 1.6 billion)
  As part of its expansion strategy, GOLF plans to develop its Belitung Golf Resort with an estimated budget of IDR 1.6 billion. The funds will be used to expand and improve existing facilities.

(DK/KR/ZH)