PT Petrindo Jaya Kreasi (CUAN) Q1 2025 earnings summary

Executive summary

• Interim consolidated financial statements cover the three months ended 31 March 2025, unaudited.

• The group completed major acquisitions, including PT Multi Tambangjaya Utama, PT Borneo Bangun Banua Bestari, PT Borneo Berkat Kutai, and increased its stake in PT Petrosea Tbk.

• Significant expansion in mining, engineering, and construction segments, with new contracts and project wins.

Financial highlights

• Revenue for Q1 2025 reached US$213.9 million, up from US$86.3 million in Q1 2024.

• Net profit for the period was US$2.3 million, compared to US$33.1 million in Q1 2024.

• Gross profit was US$16.9 million, down from US$19.9 million year-over-year.

• Total assets increased to US$1.94 billion as of 31 March 2025, from US$1.78 billion at year-end 2024.

• Total liabilities rose to US$1.37 billion, up from US$1.21 billion at year-end 2024.

• Equity attributable to owners stood at US$305.7 million, with non-controlling interests at US$260.3 million.

• Basic earnings per share for Q1 2025 was US$0.0001, compared to US$0.0027 in Q1 2024.

Outlook and guidance

• The group continues to pursue growth through acquisitions and expansion of mining and engineering services.

• Ongoing large-scale projects and new contracts are expected to support future revenue streams.