PT United Tractors (UNTR) Q1 2025 earnings summary

Executive summary

• Net revenue for Q1 2025 reached Rp 34.26 trillion, up 5.7% year-over-year, with profit for the period at Rp 3.30 trillion, down from Rp 4.80 trillion in Q1 2024.

• Total assets increased to Rp 181.2 trillion as of March 31, 2025, from Rp 169.5 trillion at year-end 2024.

• The group maintained a net cash surplus position, with cash and cash equivalents at Rp 30.1 trillion.

• Major business segments include construction machinery, mining contracting, coal mining, gold and mineral mining, and others.

Financial highlights

• Net revenue rose to Rp 34.26 trillion in Q1 2025 from Rp 32.41 trillion in Q1 2024.

• Net profit attributable to owners was Rp 3.19 trillion, down from Rp 4.55 trillion year-over-year.

• Basic earnings per share was Rp 878, compared to Rp 1,252 in Q1 2024.

• Gross profit margin declined to 20.6% from 25.3% year-over-year.

• Total equity increased to Rp 102.8 trillion from Rp 98.2 trillion at year-end 2024.

Outlook and guidance

• Management expects revenue from unsatisfied contracts as of March 31, 2025, amounting to Rp 2.5 trillion, to be recognized over the next 1–5 years.

• The group continues to focus on capital expenditure, with Rp 3.49 trillion spent in Q1 2025.