PT Alam Sutera Realty (ASRI) investor relations material

Executive summary

• Revenue for the nine months ended 30 September 2025 was Rp 1.66 trillion, down 34% year-over-year from Rp 2.52 trillion in 2024.

• Net profit for the period was Rp 11.06 billion, a 50% decrease from Rp 21.98 billion in the prior year.

• Gross profit margin declined to 52.6% from 51.8% year-over-year.

• Total assets increased to Rp 22.70 trillion as of 30 September 2025, up from Rp 22.02 trillion at year-end 2024.

• Total equity stood at Rp 11.35 trillion, with a debt-to-equity ratio of 52.94%.

Financial highlights

• Sales, services, and other revenues dropped sharply, mainly due to lower real estate sales and hospitality income.

• Cost of sales decreased to Rp 785.8 billion from Rp 1.22 trillion, reflecting lower activity.

• Interest and other financial expenses were Rp 455.6 billion, down from Rp 669.1 billion year-over-year.

• Cash and cash equivalents rose to Rp 750.3 billion from Rp 656.9 billion at year-end 2024.

• Net cash from operating activities was Rp 643.1 billion, up from Rp 508.8 billion in the prior year.

Outlook and guidance

• The company continues to focus on capital expenditure and refinancing activities, with new and extended credit facilities secured in 2025.

• Management expects ongoing project completions and continued development in key real estate and commercial projects.