PT Petrindo Jaya Kreasi (CUAN) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2026 reached US$736.1 million, up 59% year-over-year, driven by strong performance in mining, engineering, and construction segments.

• Net profit for the period was US$16.5 million, a significant increase from US$2.8 million in the prior year, with basic earnings per share of US$0.00018.

• Major acquisitions included PT Multi Tambangjaya Utama, PT Borneo Bangun Banua Bestari, and PT Borneo Berkat Kutai, expanding the coal mining business.

• The group completed several large-scale contracts and entered new agreements in mining, engineering, and logistics services.

Financial highlights

• Gross profit rose to US$101.6 million from US$47.9 million year-over-year.

• Operating profit increased to US$68.5 million from US$41.1 million year-over-year.

• EBITDA and EBIT margins improved, with depreciation, depletion, and amortization totaling US$75.4 million.

• Total assets stood at US$2.65 billion, with equity of US$638.4 million and liabilities of US$2.01 billion as of 30 June 2026.

• Cash and cash equivalents at period end were US$220.2 million.

Outlook and guidance

• The group expects continued growth in mining and engineering services, supported by a robust contract pipeline and recent acquisitions.

• Ongoing expansion in coal mining and infrastructure projects is anticipated to drive future revenue and profit.