PT AKR Corporindo Tbk (AKRA) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached Rp10.26 trillion, up 4.5% year-over-year, driven by growth in petroleum and chemical distribution, logistics, and industrial estate segments.

• Net profit attributable to owners was Rp565.2 billion, down 5.1% compared to Q1 2024, with EPS at Rp28.63.

• Gross profit increased 3.6% year-over-year to Rp926.6 billion, with gross margin stable at 9.0%.

• Total assets stood at Rp32.64 trillion as of March 31, 2025, with equity at Rp15.27 trillion.

• The Group maintained a strong cash position of Rp5.07 trillion at quarter-end.

Financial highlights

• Revenue from petroleum and chemical distribution was Rp9.58 trillion, up 5.8% year-over-year.

• Logistics segment revenue rose to Rp294.2 billion, and industrial estate land sales contributed Rp184.7 billion.

• Operating income reached Rp685.7 billion, down 0.9% year-over-year.

• EBITDA for the quarter was approximately Rp809 billion, with EBIT margin at 6.7%.

• Net cash used in operating activities was Rp123.5 billion, reflecting higher tax and land acquisition payments.

Outlook and guidance

• Management expects continued growth in logistics and industrial estate segments, supported by new contracts and ongoing infrastructure projects.

• The Group is monitoring commodity price volatility and foreign exchange risks, with hedging strategies in place.

• No material impact is expected from the implementation of Pillar Two global tax rules in 2025.