PT Barito Pacific (BRPT) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached US$773.7 million, up 25% year-over-year, with gross profit of US$123.1 million, a 5% increase from Q1 2024.

• Net profit attributable to owners was US$16.2 million, up from US$8.9 million in Q1 2024, with EPS of US$0.00017.

• The Group completed several strategic acquisitions, including wind and geothermal energy assets, and expanded its financing base.

Financial highlights

• Total assets as of March 31, 2025 were US$10.89 billion, up from US$10.53 billion at December 31, 2024.

• Total equity increased to US$4.36 billion, with non-controlling interests at US$2.62 billion.

• Net cash and cash equivalents at period end were US$1.97 billion, up from US$1.61 billion at year-end 2024.

• Operating cash flow was negative US$316.5 million, but financing activities provided US$744.5 million net cash inflow.

• Gross margin for Q1 2025 was 15.9%, compared to 19% in Q1 2024.

Outlook and guidance

• The Group continues to prioritize sustainability and digital transformation, with a focus on ESG principles.

• Management expects ongoing challenges in the petrochemical sector due to global oversupply and weak demand, but remains confident in the Group’s resilience and strategic positioning.