20230728_ELSA_Laporan Informasi dan Fakta Material_31355270_lamp2.pdf

Contact Person:
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
      Continuing Positive Achievements, ELNUSA Prints IDR 250
                Billion Net Profit in Semester I-2023

Jakarta, July 28 2023, PT Elnusa Tbk (ELNUSA, IDX: ELSA), a subsidiary of PT Pertamina Hulu Energi (PHE) which is
incorporated in Pertamina Upstream Subholding, reported the Company's performance throughout the first half of
2023 with positive profit growth.

Continuing the good achievement in the previous quarter, Elnusa managed to record a mid-2023 performance net
profit of IDR 250 billion, up 11% on an annual basis (year on year/yoy). The company posted operating revenues of
IDR 5.8 trillion, growing 8% from 2022 in the same semester (year on year/yoy). The consolidated operating revenues
were contributed by the energy distribution and logistics services segment by 55%, upstream oil and gas services 32%
and oil and gas supporting services 13%.

ELNUSA Corporate Secretary Asmal Salam, said "Thank God the company closed the first half of 2023 with a positive
performance score. Meanwhile, Elnusa's performance on a consolidated basis in semester I/2023 was supported by a
number of work projects including in the energy distribution and logistics services segment, there was an increase in
performance in the fuel transportation services unit and depot management. "In the upstream oil and gas services
segment, the increase in oil and gas production services activities has been sufficient to support the growth of
operating revenues and net profit, including through business units in hydraulic workover services, modular rigs,
drilling fluid services, coiled tubing units, well testing, and electric wireline," said Asmal.

"We thank our shareholders and other stakeholders for their trust and support so that Elnusa is consistently able to
produce positive growth business performance and of course have an impact on the company's financial performance
by producing an increase in EBITDA of 9 percent (year on year/yoy) to IDR 668 billion and cash equivalents reached
IDR 1.75 trillion. Elnusa's management also appreciates all Elnusa group officers for their positive contribution through
the spirit of SATU Elnusa to support sustainable business growth," said Asmal.

As a Leading Energy Service Company that Provides Total Solutions, Elnusa has DNA Resilience and Innovation that is
proven to be able to strengthen business fundamentals from year to year towards competitive and sustainable
growth. Elnusa's solid fundamentals and reflected in its performance in the first semester of 2023 were also
appreciated by the market with the positive movement of ELSA shares from January 2023, namely IDR 312 to IDR 378
as of the close of trading Thursday, July 27 2023 yesterday.

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.