Chandra Asri Pacific (TPIA) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 2026 EBITDA of USD 421 million and net earnings of USD 205.1 million, reflecting successful transformation and integration of major acquisitions.

• Revenue for Q1 2026 reached USD 2.4 billion, up from USD 622 million in Q1 2025, driven by consolidation of new subsidiaries and higher selling prices amid geopolitical volatility.

• Completed strategic acquisitions including Shell Energy & Chemicals Park (ACE), Chevron Phillips (APS), ExxonMobil's Esso retail network, and Aster Polymer Solutions, all contributing to revenue growth.

• Expanded into Singapore with new retail and infrastructure projects, and advanced sustainability initiatives including solar power and sustainable aviation fuel.

Financial highlights

• Net revenue rose to USD 2.4 billion, up 287% year-over-year from USD 0.6 billion in Q1 2025.

• EBITDA surged by 1,814% to USD 421.2 million, and net profit after tax increased by 954% to USD 205.1 million compared to Q1 2025.

• Gross profit and margins improved sharply due to higher sales and new business lines.

• Total assets increased to USD 12.51 billion as of March 31, 2026, and shareholders' equity rose to USD 4.9 billion.

• Liquidity pool increased to USD 3.8 billion, and cash and cash equivalents rose to USD 2.83 billion.

Outlook and guidance

• Chlor Alkali-Ethylene Dichloride plant, a national strategic project, is on track for 2027 operation.

• Continued focus on programmatic M&A in Southeast Asia, with integration and efficiency as key drivers.

• Scaling up solar and power capacity regionally, targeting over 1,100 MWp.

• Management maintains diversified suppliers and contingency plans to address global supply chain disruptions and geopolitical risks.

• Ongoing focus on operational resilience and supply chain stability amid energy and chemical price volatility.