INDUSTRY.co.id - Jakarta, PT Garuda Maintenance Facility Aero Asia Tbk (GMFI) started in 2026 with solid performance. In the online public exposure of June 10, 2026, the service revealed a number of operational and financial outcomes along the January -May 2026 and outline growth strategies to face major opportunities in the Maintenance, Repair, and Overhaul (MRO).
In the first quarter of 2026, GMFI booked income of USD114.94 million or grew 20.53% compared to the same period the previous year. In the course of that increase in income, profits travel up to 78.28% in the years to be USD6.76 million.
Management calls this performance growth supported by market expansion strategies, quality and service capacity, as well as operational optimizations run through various sustainable improvement programs.
From the industrial side, GMFI sees more promising prospects. The MRO global industry is rated fully recovered from the impact of the market with the market value reaching over USD114 billion in 2024 and is expected to continue to expand to USD156 billion within the next decade.
The growth raises a phenomenon known as MRO Supercycle, which is the condition when the height of the airplane utilization and the age of the global fleet is increasing the aircraft needs in the midst of the limitation of the world's MRO industrial capacity.
In the domestic market, prospects are also very interesting. Indonesia is projected to be the fourth largest flight market in the world in 2030, with the number of national fleets estimated to rise from about 600 units today to 974 units in 2034.
This is potentially encouraging national MRO service needs to reach USD2.1 billion in 2034, with its biggest contribution coming from the engine maintenance segment, compliance maintenance, and line maintenance.
In addition to commercial flight sector, GMFI also saw the chance of growth of the defense market. The national weapons system modernization program, including the operation of Airbus A400M and Hercules C-130J, opened a new expansion room for service in military aircraft care.
To keep growth sustainable, GMFI puts risk management as one of its main focus. The company continues to reduce dependence on group customers through the expansion of nongroup customers, both from the domestic sector, international, government, and defense.
On the operational side, allocation of hangar capacity and workshops is selectively done by considering profiltration levels as well as long-term strategic values. While on the financial side, GMFI strengthens liquidity through increased cash conversions, higher job capital management, liability control, as well as strengthening the equity structure.
Facing the next growth phase, the service relies on a number of major catalysts, from the structural growth of flight industry and MRO, the position of GMFI as the player of TOK2X regional, the trend of performance recovery continues since 2025, until the diversification of business through the Goverment & Depense, the development of Aerospace Park, and the expansion of hresin in Cabe's hut.
As part of the expansion strategy, GMFI starts operating a new maintenance facility in Cabe's airport through cooperation with the ToKEN1X Air Service. The facility will serve turboprop, ATR, and rotary wing such as Bell- 412, at once optimizing the capacity of the main hangar in Clig for jet maintenance.
The company also continued its international expansion steps through development of the MRO hangar facilities in the Middle East and Africa (MEA) region with the joint venture scheme. This initiative is intended to expand the bases of international customers at once increasing the capacity and capability of operational.
On the side of the development of the national industry, GMFI with the PPN / Baptists Ministry and PT Bandarudara Internasional Jawa Barat (BIJB) continue to develop project Aerospace Park which has started the development stage since December 2025. The project is expected to be one of the future national industrial growth centers.
Not only strengthening MRO's core business, GMFI also expanded the business portfolio through the development of aerostructure business and manufacturing parts of the aircraft. With the support of engineering capabilities, production facilities, and AS9100 certification, the service targets an increase in participation in global supply chains.
Diversification is also in the non-aviation sector through the development of Industrial Solutions and Power Services business. The strategy was directed to increase the income contributions of non-group customers through the expansion of venture, selective acquisition, as well as the increased contract repetitive ability to maintain long-term stability.
While in the Government & Defense segment, GMFI records a number of important achievements, including the completion of the government's TNI AD and two VIP Boeing 737-800 helicopter treatments. Entering 2026, military aircraft maintenance capabilities also expanded from C-130J Hercules to Airbus A400M and Boeing 737 Series as part of its support for the modernization program of national aluminum modernization.
With positive industrial prospects, various ongoing expansion projects, as well as risk management and liquidity discipline, GMFI optimized to maintain the growth momentum of 2026 and continue to create sustainable value for the shareholders and all my interests.
