PT Petrindo Jaya Kreasi (CUAN) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 reached US$462.1 million, up from US$309.7 million year-over-year.

• Net profit attributable to owners was US$1.94 million, a significant decrease from US$29.57 million in the prior year.

• Total assets increased to US$2.13 billion from US$1.78 billion as of 31 December 2024.

• Major acquisitions included PT Multi Tambangjaya Utama and PT Borneo Bangun Banua Bestari, expanding coal mining operations.

Financial highlights

• Gross profit for the period was US$47.9 million, down from US$66.4 million year-over-year.

• Operating profit reached US$41.1 million, compared to US$51.1 million in the prior year.

• EBITDA and EBIT margins declined due to higher cost of revenues and increased finance expenses.

• Basic earnings per share were US$0.0002, down from US$0.0003 year-over-year.

• Cash and cash equivalents at period end were US$125.9 million, down from US$273.0 million at year-end 2024.

Outlook and guidance

• The group continues to focus on expanding mining operations and infrastructure projects.

• Ongoing investments in subsidiaries and new project contracts are expected to support future revenue growth.

• Management is monitoring market volatility and cost pressures, with a focus on operational efficiency.