Chandra Asri Pacific (TPIA) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was US$622.1 million, up 32% year-over-year, but the period ended with a net loss of US$23.6 million, a slight improvement from a US$32.6 million loss in Q1 2024.

• Gross profit increased to US$5.8 million from US$0.5 million year-over-year, reflecting improved margins despite challenging market conditions.

• Total assets grew to US$6.06 billion as of March 31, 2025, from US$5.66 billion at year-end 2024.

Financial highlights

• Revenue: US$622.1 million for Q1 2025, up from US$471.9 million in Q1 2024.

• Net loss: US$23.6 million for Q1 2025, compared to US$32.6 million loss in Q1 2024.

• Gross profit: US$5.8 million, up from US$0.5 million year-over-year.

• Total assets: US$6.06 billion as of March 31, 2025.

• Total equity: US$3.06 billion as of March 31, 2025.

• Cash and cash equivalents: US$1.74 billion as of March 31, 2025.

Outlook and guidance

• The petrochemical industry faces persistent oversupply and weak demand, especially in China, leading to low earnings across the sector.

• The group is prioritizing sustainability, digital transformation, and proactive liability management to strengthen its capital structure.

• Management expects continued volatility but is positioned to navigate uncertainty through strategic initiatives.