Chandra Asri Pacific (TPIA) Q3 2025 earnings summary

Executive summary

• Achieved record net profit of US$1.65 billion and maintained strong liquidity of US$3.7 billion, supporting interim dividends and securing US$1 billion in new financing.

• Revenue surged to US$7.19 billion for the nine months ended September 30, 2025, driven by the ACE acquisition, Esso Singapore retail network acquisition, and expansion into refinery products.

• Completed the acquisition of ACE and entered into a Sale and Purchase Agreement to acquire all Esso-branded retail fuel sites in Singapore, marking major expansion in the energy segment.

• Advanced construction of the CA-EDC chemical plant to 33% completion, supporting Indonesia's chemical self-sufficiency and creating 3,250 jobs.

• Successfully executed the IPO of subsidiary CDI, strengthening infrastructure-led growth and value creation.

Financial highlights

• Revenue for the nine months ended September 30, 2025: US$7.19 billion, up from US$1.33 billion year-over-year.

• Net profit after tax increased to US$1.65 billion, a turnaround from a net loss of US$58 million in the prior year period.

• EBITDA and operating profit surged, with significant contribution from the ACE acquisition and improved segment performance.

• Interim dividend of US$20 million announced, reflecting strong profitability.

• Basic earnings per share: US$0.0183, compared to a loss per share of US$0.0008 year-over-year.

Outlook and guidance

• Focus on completing the Esso Singapore transaction and integrating operations for future synergies.

• Continued expansion of logistics and renewable energy capacity, with CA-EDC project on track for early 2027 start-up.

• Management remains focused on operational resilience and strategic adaptability amid global petrochemical overcapacity and weak demand.

• Ongoing pursuit of strategic partnerships and investments to drive regional growth.

• Emphasis on infrastructure-led growth, capital structure optimization, and diversification of funding sources.