PT Petrindo Jaya Kreasi (CUAN) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2025 reached US$796.6 million, up 46% year-over-year, driven by growth in coal sales, construction, and mining services.

• Net profit for the period was US$18.4 million, a significant decrease from US$35.0 million in the prior year, mainly due to higher finance costs and increased operating expenses.

• Major acquisitions included PT Multi Tambangjaya Utama, PT Borneo Bangun Banua Bestari, PT Borneo Berkat Kutai, and a controlling stake in PT Petrosea Tbk, expanding the group’s mining and engineering footprint.

Financial highlights

• Gross profit was US$85.5 million, down from US$109.7 million year-over-year, as cost of revenues rose sharply.

• Operating profit increased to US$82.5 million from US$70.8 million, supported by other operating income.

• Finance expenses surged to US$63.3 million from US$32.9 million, reflecting higher debt levels.

• Total assets grew to US$2.40 billion from US$1.78 billion at year-end 2024, mainly due to acquisitions and capital investments.

• Total liabilities increased to US$1.80 billion from US$1.21 billion, with significant growth in both short-term and long-term borrowings.

• Equity attributable to owners rose to US$599.0 million.

Outlook and guidance

• The group continues to focus on expanding its mining, engineering, and construction segments, with a robust pipeline of contracts and projects.

• Ongoing investments in infrastructure and equipment are expected to support future growth.

• Management is monitoring market volatility, commodity prices, and cost pressures.