PT Alam Sutera Realty (ASRI) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 was Rp 1.12 trillion, down from Rp 1.88 trillion year-over-year, with net income attributable to owners at Rp 41.6 billion, up from Rp 18.7 billion in the prior year.

• Gross profit decreased to Rp 611.3 billion from Rp 973.6 billion year-over-year, while basic EPS rose to Rp 2.12 from Rp 0.95.

• Total assets increased to Rp 23.13 trillion as of 30 June 2025, up from Rp 22.02 trillion at 31 December 2024.

• Total equity reached Rp 11.38 trillion, with total liabilities at Rp 11.75 trillion as of 30 June 2025.

Financial highlights

• Operating cash flow for the six months ended 30 June 2025 was Rp 478.8 billion, up from Rp 297.5 billion year-over-year.

• Net increase in cash and cash equivalents was Rp 721.8 billion, compared to a decrease of Rp 422.9 billion in the prior year.

• Gross margin for the period was 54.8%, compared to 51.8% in the prior year.

• Interest and other financial expenses rose to Rp 310.3 billion from Rp 474.4 billion year-over-year.

• Total long-term bank loans increased to Rp 6.61 trillion as of 30 June 2025, from Rp 6.04 trillion at year-end 2024.

Outlook and guidance

• Management continues to monitor market and economic conditions, focusing on maintaining a healthy capital structure and optimizing cost of debt.

• The company is evaluating the impact of new accounting standards effective in 2025, with no material effect expected on current financials.