PT Energi Mega Persada Tbk (ENRG) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2025, reached $361.4 million, up 13% year-over-year, with net profit attributable to owners at $55.7 million, a 9% increase from the prior year.

• Gross profit improved to $125.1 million, and operating income rose to $109.5 million, reflecting higher sales and controlled operating expenses.

• The Group completed significant acquisitions, including 100% of Energy Equity Holdings Pty Ltd and Epic Sulawesi Gas Pty Ltd, and expanded its asset base.

Financial highlights

• Total assets as of September 30, 2025, were $1.68 billion, up from $1.58 billion at year-end 2024.

• Equity attributable to owners increased to $806.4 million, with net equity at $733.4 million.

• Cash and cash equivalents at period end were $58.9 million, up from $53.6 million at December 31, 2024.

• Net cash from operating activities was $169.1 million, while net cash used in investing was $153.4 million.

• Basic/diluted earnings per share for the period were $0.00221, up from $0.00207 year-over-year.

Outlook and guidance

• Management is addressing a going concern issue as current liabilities exceed current assets, with plans for liability reduction, refinancing, and business expansion into midstream, downstream, and renewables.

• A capital increase without pre-emptive rights was announced post-period, with 350 million new shares to be issued.