PT United Tractors (UNTR) Q4 2024 earnings summary

Executive summary

• Consolidated net revenue reached Rp 134.4 trillion for 2024, up 4.5% year-over-year, with profit for the year at Rp 20.1 trillion, down from Rp 22.1 trillion in 2023.

• The group completed a major business combination in nickel mining and processing, adding significant assets and goodwill.

• The financial statements received an unqualified opinion from independent auditors, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

Financial highlights

• Net revenue: Rp 134.4 trillion in 2024, up from Rp 128.6 trillion in 2023.

• Net profit: Rp 20.1 trillion, down from Rp 22.1 trillion year-over-year.

• Basic and diluted EPS: Rp 5,378, compared to Rp 5,675 in 2023.

• Total assets: Rp 169.5 trillion, up from Rp 153.8 trillion at year-end 2023.

• Total equity: Rp 98.2 trillion, up from Rp 84.0 trillion.

Outlook and guidance

• Management continues to focus on diversification, especially in nickel mining and processing.

• The group is monitoring regulatory changes, including new export proceeds requirements effective March 2025.

• Ongoing capital commitments for heavy equipment and machinery acquisitions total Rp 213.7 billion.