PT Dian Swastatika Sentosa (DSSA) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2025 was $1.32 billion, down from $1.52 billion year-over-year, with net profit attributable to owners at $97.1 million, a decrease from $189.9 million in the prior year period.

• The interim consolidated financial statements received an unqualified opinion from the independent auditor, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

• The Group completed significant capital market activities, including multiple bond and Sukuk Mudharabah issuances, and a stock split effective July 2024.

Financial highlights

• Gross profit for H1 2025 was $479.7 million, down from $690.9 million year-over-year.

• Operating profit was $210.9 million, compared to $428.5 million in the prior year period.

• Total assets as of June 30, 2025 were $3.88 billion, up from $3.70 billion at December 31, 2024.

• Total equity increased to $2.02 billion from $1.94 billion at year-end 2024.

• Earnings per share for H1 2025 were $0.02, compared to $0.03 in H1 2024.

Outlook and guidance

• Management continues to monitor regulatory changes in mining law and government regulations, with no significant near-term impact expected on operations.

• The Group is expanding its internet services and geothermal energy business, including a new joint venture for geothermal development with a combined capacity of 440 MW.