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View all search resultsPegadaian's first overseas venture in Timor-Leste off to strong start
The company reported that, within two months of opening its first international branch in the Timor-Leste capital of Dili on March 30, it had processed more than 600 transactions, generating total financing disbursements of US$ 329,882.
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An official of state-owned pawnshop Pegadaian shows small gold bar minted by state-owned diversified miner PT Aneka Tambang (Antam) in Jakarta on May 20, 2024. (Antara/Rivan Awal Lingga)
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tate-owned pawnshop company PT Pegadaian (Persero) said its first overseas expansion into Timor-Leste has shown encouraging results, reflecting strong demand for its services in the neighboring country.
The company reported that, within two months of opening its first international branch in the Timor-Leste capital of Dili on March 30, it had processed more than 600 transactions, generating total financing disbursements of US$329,882.
Pegadaian has also expanded its offerings in Timor-Leste by launching an interest-free microloan program on April 1, providing loans of up to $100 to local citizens. The initiative has gained early traction, with total loan disbursements reaching $6,406 within its first two months.
Read also: Prabowo inaugurates Indonesia’s first bullion bank
Pegadaian president director Damar Latri Setiawan said the successful start of operations in Dili marks an important milestone in the company's long-term ambition to become a leading player in the regional pawnshop industry, as well as retail gold trading business.
"The presence of Pegadaian in Timor-Leste is driven by a broader mission to expand financial literacy and inclusion through accessible and customer-focused services. Beyond conventional pawn lending, we are continuously developing innovative products tailored to the unique needs and characteristics of the local market," Damar said in a statement.
At home, Pegadaian also delivered a strong financial performance in 2025.
The firm posted a net profit of Rp 8.3 trillion last year, up from Rp 5.9 trillion a year earlier. Total assets rose to Rp 151.6 trillion from Rp 102.6 trillion, while business turnover climbed to Rp 368.9 trillion from Rp 252.1 trillion over the same period.
The company also expanded its customer base significantly, serving 28 million customers in 2025 compared with 16.6 million in the previous year.
Read also: Pegadaian's profits soar 37.9% in H1 2024, reaching Rp 2.9 trillion
Pegadaian's growth momentum has continued into this year. In the first quarter, the company recorded net profit of Rp 4.3 trillion, an increase of 87.2 percent year-on-year (yoy) from Rp 2.3 trillion in the same period last year. Total assets reached Rp 183.3 trillion, up 56 percent from Rp 117.8 trillion a year earlier.
