PT Alam Sutera Realty (ASRI) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was Rp 567.3 billion, down 40% year-over-year from Rp 947.3 billion in Q1 2024.

• Net income attributable to owners was Rp 31.9 billion, a 24% decrease from Rp 42.1 billion in Q1 2024.

• Gross profit declined to Rp 344.9 billion from Rp 480.9 billion year-over-year.

• Total assets stood at Rp 22.05 trillion as of March 31, 2025, slightly up from Rp 22.02 trillion at year-end 2024.

• The company remains focused on real estate, property, and supporting business segments.

Financial highlights

• Operating cash flow for Q1 2025 was Rp 110.5 billion, a turnaround from negative Rp 65.5 billion in Q1 2024.

• Net decrease in cash and cash equivalents was Rp 161.3 billion in Q1 2025.

• Basic EPS for Q1 2025 was Rp 1.63, down from Rp 2.14 in Q1 2024.

• Total equity reached Rp 11.37 trillion as of March 31, 2025.

• Interest and other financial expenses for Q1 2025 were Rp 167.5 billion, down from Rp 227.1 billion in Q1 2024.

Segment performance

• Property development contributed Rp 353.5 billion in revenue and Rp 279.3 billion in gross profit for Q1 2025.

• Investment properties generated Rp 68.4 billion in revenue and Rp 25.5 billion in gross profit.

• Tourism segment posted Rp 46.3 billion in revenue and Rp 14.1 billion in gross profit.