20231030_ELSA_Laporan Informasi dan Fakta Material_31482826_lamp2.pdf

Narahubung:
Jayanty Oktavia Maulina (Anty)
Manager of Corporate Communications
Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Jakarta 12560
Tel: (021) 7883 0850 | Fax: (021) 7883 0907 | Mob: +62813 1787 1717
E-mail: jayanty.maulina@elnusa.co.id

PRESS RELEASE
                 ELNUSA Q3 2023 Net Profit IDR 407 billion,
                            Growing 40% YoY
Jakarta, 27 October 2023, PT Elnusa Tbk (ELNUSA, IDX: ELSA), today reported its financial performance (unaudited)
for the third quarter of 2023 with better achievements than the performance in the same period in 2022. The net
profit recorded by the Company was IDR 407 billion for the nine month period ending September 30 2023, recording
growth of 40% compared to the same period the previous year of IDR 291 billion. Meanwhile, consolidated revenue
for the first nine months of 2023 reached IDR 8,983 billion, growing 5% compared to the same period the previous
year of IDR 8,572 billion.

Elnusa's Finance Director, Bachtiar Soeria Atmadja said "Elnusa continues to achieve sustainable growth in all
business segments, so that Elnusa is able to generate net profits that continue to increase during the nine month
period in 2023. The composition of the consolidated revenue was contributed by Energy Distribution & Logistics
Services amounting to 55%, Upstream Services 32% and Supporting Services 13%. The company also generated
EBITDA during the nine month period of 2023 growing 14% to IDR 1,004 billion compared to 2022 of IDR 878 billion
in the same period. "Meanwhile, the Company's balance sheet position is very good with total assets of IDR 9,350
billion and recorded cash equivalent of IDR 1,870 billion or 20% of total assets as of 30 September 2023."

Bachtiar added, "Net profit which grew by 40% resulted in an increase in net profit margin from 3.4% to 4.5%. This
increase in performance was also driven by the effect of cost structure efficiency as our effort to respond to the
current industry situation. Performance in Energy Distribution and Logistics Services is still the main contributor to
the Company's operating income. "Apart from that, there has been a significant increase in profitability in Upstream
Services thanks to the consistent implementation of operational excellence, selective and targeted investment, as
well as a focus on optimizing the utilization of existing assets."

Apart from that, Elnusa's strong fundamentals as reflected in its performance in the first nine months of 2023 were
also appreciated by the market with the ELSA share price being quite solid and at the end of trading in September
2023 closing at IDR 418 per share.

The Company continues to strive to strengthen its business strategy and improve competencies to face future
competitiveness. "We are optimistic and confident that we can record brilliant performance until the end of 2023."
Bachtiar said.

About Elnusa (IDX: ELSA)
Elnusa is a subsidiary of PT Pertamina Hulu Energi (PHE) incorporated in Subholding Upstream Pertamina. As a total energy services solution
company, Elnusa has core competencies in upstream oil and gas services, supporting services, and energy distribution and logistics services. The
upstream oil and gas service line includes Geoscience & Reservoir services (land, transition zone & marine, and data processing), oil and gas field
drilling & maintenance services (drilling & workover), engineering, procurement, construction & operation maintenance (EPC-OM) services.
Supporting service lines include marine support services, fabrication, to data management. The energy distribution and logistics service line
includes fuel transportation services, depot management, and chemical sales. Currently, Elnusa serves national and international oil and gas
companies, including Pertamina Group, British Petroleum, Conoco Phillips, Soco Exploration (Vietnam) Ltd, etc. Elnusa is listed on the Indonesia
Stock Exchange with the issuer code 'ELSA' and has five subsidiaries that support its competence. Detail information can be accessed at
www.elnusa.co.id.