PT United Tractors (UNTR) Q4 2025 earnings summary

Executive summary

• Net revenue for 2025 was Rp 131.3 trillion, down 2.3% year-over-year, with profit for the year at Rp 15.2 trillion, a 24.5% decrease from 2024.

• Total assets increased to Rp 177.6 trillion as of December 31, 2025, from Rp 169.5 trillion in 2024.

• The audit opinion was unqualified, with financial statements fairly presented in accordance with Indonesian Financial Accounting Standards.

Financial highlights

• Gross profit declined to Rp 29.7 trillion in 2025 from Rp 33.8 trillion in 2024.

• Earnings per share dropped to Rp 4,082 from Rp 5,378 year-over-year.

• Total equity rose to Rp 103.1 trillion, up from Rp 98.2 trillion at year-end 2024.

• Cash and cash equivalents at year-end 2025 were Rp 26.6 trillion, up from Rp 25.1 trillion.

• Net cash from operating activities was Rp 27.1 trillion, down from Rp 30.0 trillion in 2024.

Outlook and guidance

• Management expects transaction prices allocated to unsatisfied contracts as of December 31, 2025 (Rp 2.5 trillion) to be recognized as revenue over the next 1–5 years.

• The Group continues to monitor macroeconomic and commodity price risks, with ongoing capital commitments for equipment and machinery purchases.