Chandra Asri Pacific (TPIA) Q4 2025 earnings summary

Executive summary

• Achieved record profitability of USD 1.45bn and consolidated revenue of USD 7.02bn in 2025, supported by major acquisitions and expanded operations.

• Maintained a strong balance sheet with over USD 3bn in liquidity and total assets rising to USD 12.38bn.

• Completed major acquisitions in Singapore, including Shell Energy and Chemicals Park, Chevron Phillips Singapore Chemicals, Aster Chemicals and Energy Pte. Ltd. (ACE), and Aster Polymer Solutions Pte. Ltd. (APS).

• Raised IDR 2.4tn through CDIA IPO to fund logistics and infrastructure expansion.

• Recognized for sustainability leadership with multiple ESG awards and high ratings from CDP, MSCI, and S&P Global.

Financial highlights

• Net profit after tax surged by 2,662% year-over-year to USD 1,448mn in FY2025, reversing a net loss in 2024.

• EBITDA increased by 2,180.3% to USD 1,657mn compared to FY2024.

• Total assets grew to USD 12,382mn; shareholder equity rose to USD 3,730mn.

• Liquidity pool expanded by 85% to USD 3,890mn; cash and cash equivalents at USD 2.74bn.

• Exponential revenue growth driven by energy and chemicals acquisitions, with energy accounting for 52.2% and chemicals 46.1% of net revenue.

Outlook and guidance

• Continued infrastructure expansion and start-up of new facilities (CSU, LOC) expected in 2026.

• CA-EDC and SAF facility start-ups targeted for 2027, supporting recurring cash flow.

• Management monitors global supply chain and geopolitical risks, with force majeure declared for some petrochemical operations in March 2026 due to feedstock disruptions.

• The Group maintains a diversified supplier base and contingency plans to ensure operational continuity.

• Focus on disciplined, integrated growth, prioritizing value-accretive investments and sustainability.