Financial Troubles at PT Pos Indonesia Prompt Major Overhaul

Badan Pengelola Investasi (BPI) Danantara Indonesia has begun a thorough reform process at PT Pos Indonesia, addressing long-standing financial and governance issues. This initiative follows the discovery of indications of financial manipulation during a comprehensive due diligence evaluation.

Rohan Hafas, Managing Director of Stakeholders Management & Communications at Danantara, emphasized that there will be no tolerance for practices that undermine corporate governance. "We are committed to resolving the issues that have burdened the company. All findings will be addressed professionally, transparently, and in accordance with legal procedures," he stated in a recent press release.

“We are committed to resolving the issues that have burdened the company. All findings will be addressed professionally, transparently, and in accordance with legal procedures.”Rohan Hafas, Managing Director, Danantara

Allegations of Financial Manipulation

The due diligence process revealed various financial discrepancies that have accumulated over the years. Rohan noted that the findings include indications of financial manipulation, which are currently being investigated through audits and other mechanisms as required by law.

Danantara's goal is to restore PT Pos Indonesia to a healthy, professional, accountable, and integrity-driven company, capable of fulfilling its mandate effectively for the community.

Leadership Changes Amidst Reform

In a related development, Daud Joseph has resigned as the President Director of PT Pos Indonesia, effective July 2, 2026. His resignation was accepted by the state-owned logistics company following his request, which he attributed to personal considerations.

Joseph had been in charge of leading the reform efforts at PT Pos Indonesia for approximately three months. Rohan indicated that Joseph believed the company required a leader with more specific expertise to guide it through the next phase of transformation, given the complexity of the challenges faced.

Financial Performance Decline

During his tenure, Joseph reported a significant decline in the company’s revenue, with earnings dropping to IDR 3.9 trillion (approximately $260 million) in 2025, down from a target of IDR 6.2 trillion (around $410 million). This decline was attributed to the loss of government project contributions, which had previously bolstered the company's finances.

Despite these challenges, some segments of PT Pos Indonesia's services, such as courier logistics, have remained resilient, generating revenue of IDR 1.8 trillion (about $120 million). However, the overall financial health of the company remains a concern as it navigates through this period of restructuring.