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ESSA Strengthens Foundation for Sustainable Growth
Debt-Free Milestone Marks New Chapter Towards Growth
Jakarta, 22 October 2025 — PT ESSA Industries Indonesia Tbk (“ESSA” or “the Company”)
achieved a significant financial milestone in the third quarter of this year by pre-paying its
outstanding loans, marking the Company’s transition to a debt-free position. Amid challenging
and uncertain economic conditions, ESSA’s disciplined focus on excellent operational
execution helped sustain its performance in the third quarter of 2025.
Kanishk Laroya – President Director & CEO of ESSA said “Becoming debt-free marks a
meaningful step in ESSA’s journey towards growth. This achievement provides us with the
flexibility to invest in projects that will shape our future — particularly towards developing
low-carbon ammonia and Sustainable Aviation Fuel (SAF). This is very well reflected in our
third quarter operations running smoothly post the completion of maintenance at the
Upstream gas supplier. Ammonia prices have also shown recovery in the third quarter as
compared to the previous quarter, and we continue to see strengthening prices as we enter
the fourth quarter”.
We are committed to supporting Indonesia’s energy transition while continuing to create long
term value for our shareholders through our focus on operational excellence, prudent financial
management, and innovation.
As of the third quarter of 2025, ESSA successfully maintained revenue of USD 200 million, with
Net Profit Attributable to the Company’s Shareholders recorded at USD 21 million. The
ammonia plant achieved a utilization rate of 113% during the first nine months of 2025,
supported by a cumulative 9.1 million safe man-hours without any Lost Time Injury (LTI).
Meanwhile, the LPG refinery recorded 6.3 million cumulative safe man-hours without LTI —
marking more than six years of continuous operations without any plant trip — with a plant
availability 99.7% during the first nine months of 2025.
Revenue (USD Million) EBITDA (USD Million) Net Profit* (USD Million)
230 ↆ13%
97 ↆ24%
200
74 34 ↆ37%
21
9M24 9M25 9M24 9M25 9M24 9M25
*Attributable to Shareholder of the Company
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940, Indonesia Page 1 of 4
Page 2
The decline in ammonia prices of approximately 10% year-on-year was challenging for the
Company, while the LPG prices were also marginally down by 2% compared to the same period
last year (9M24). However, the third quarter saw 7% price recovery in ammonia prices over the
second quarter.
ESSA’s operational fundamentals continue to remain robust. The upstream gas supply
disruption for ammonia was fully resolved towards end of 2Q25, enabling the plant to reach a
utilization rate of 123% in 3Q25 compared to 112% in 2Q25.
Quarterly Revenue & EBITDA (USD Million) - TFQ Quarterly Ammonia & LPG Realized Price (USD/MT) - TFQ
71.3 69.6 68.0 628 623
62.8 600
529
368
341
309
288
31.3
25.2 24.1 24.5
4Q24 1Q25 2Q25 3Q25 4Q24 1Q25 2Q25 3Q25
EBITDA Revenue Ammonia Price LPG Price
Strategic Steps Toward Low-Carbon Energy
Looking ahead, ESSA is reinforcing its commitment to becoming a leader in the transition to
a cleaner future. The Company is preparing a transformational initiative to convert its existing
ammonia facility into a low-carbon plant, targeted to capture and store approximately 1
million tons of CO₂ per year.
In addition, through its subsidiary PT ESSA SAF Makmur (ESM), ESSA is seeking to develop a
state-of-the-art greenfield manufacturing facility to produce up to approximately 200,000
metric tons per year of Sustainable Aviation Fuel (SAF). This initiative underscores ESSA’s
dedication to supporting the decarbonization of the aviation sector while strengthening
Indonesia’s position in the global green energy value chain.
For further information, please visit our website www.essa.id or contact:
Shinta Siringoringo M. Aditya
Corporate Secretary Media Relations Team
Phone: +62 21 2988 5600 Phone: +62 812 9548 6465
Email: corpsec.eii@essa.id Email: investor.relation@essa.id
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940, Indonesia Page 2 of 4
Page 3
ESSA Perkuat Fondasi Pertumbuhan Berkelanjutan
Pencapaian Posisi Bebas Utang Menandai Awal Babak Pertumbuhan Baru
Jakarta, 22 Oktober 2025 — PT ESSA Industries Indonesia Tbk (“ESSA” atau “Perseroan”)
mencatatkan tonggak penting dalam kinerja keuangannya pada kuartal ketiga tahun ini
dengan melunasi seluruh pinjaman lebih awal, menandai transisi Perseroan menuju posisi
tanpa utang. Di tengah kondisi ekonomi yang menantang dan tidak menentu, fokus ESSA yang
disiplin terhadap keunggulan operasional memungkinkan Perseroan untuk tetap
mempertahankan kinerja yang solid pada kuartal ketiga tahun 2025.
Kanishk Laroya – Presiden Direktur & CEO ESSA menyampaikan “Mencapai posisi tanpa
utang merupakan langkah penting dalam perjalanan ESSA menuju pertumbuhan. Pencapaian
ini memberikan fleksibilitas bagi kami untuk berinvestasi pada proyek-proyek yang akan
membentuk masa depan ESSA, khususnya dalam pengembangan amoniak rendah karbon dan
Sustainable Aviation Fuel (SAF). Hal ini tercermin dari kelancaran operasi kami pada kuartal
ketiga setelah selesainya perawatan di pemasok gas hulu. Harga amoniak juga menunjukkan
tren pemulihan pada kuartal ketiga dibandingkan kuartal sebelumnya, dan kami terus melihat
penguatan harga memasuki kuartal ke-empat.”
ESSA berkomitmen mendukung transisi energi Indonesia, sekaligus terus menciptakan nilai
jangka panjang bagi para Pemegang Saham melalui fokus pada keunggulan operasional,
pengelolaan keuangan dengan prinsip kehati-hatian, dan inovasi.
Hingga kuartal ketiga Tahun 2025, ESSA berhasil mempertahankan pendapatan sebesar USD
200 juta, Laba Bersih yang Dapat Diatribusikan kepada Pemegang Saham Perseroan tercatat
sebesar USD 21 juta. Fasilitas produksi amoniak mencapai tingkat utilisasi sebesar 113%
selama sembilan bulan pertama Tahun 2025, didukung oleh total 9,1 juta jam kerja aman tanpa
Lost Time Injury (LTI). Sementara itu, kilang LPG mencatatkan 6,3 juta jam kerja aman kumulatif
tanpa LTI, menandai lebih dari enam tahun operasi berkelanjutan tanpa plant trip dengan
tingkat ketersediaan fasilitas sebesar 99,7% selama sembilan bulan pertama Tahun 2025.
Pendapatan (USD Juta) EBITDA (USD Juta) Laba Bersih* (USD Juta)
230 ↆ13%
97 ↆ24%
200
74 34 ↆ37%
21
9M24 9M25 9M24 9M25 9M24 9M25
*Yang Dapat Diatribusikan kepada
Pemegang Saham Perseroan
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940, Indonesia Page 3 of 4
Page 4
Penurunan harga amoniak sekitar 10% dibandingkan periode yang sama tahun lalu menjadi
tantangan bagi Perseroan, sementara harga LPG juga mengalami sedikit penurunan sebesar
2% dibandingkan periode yang sama tahun lalu (9M24). Namun demikian, pada kuartal ketiga
terjadi pemulihan harga amoniak sebesar 7% dibandingkan kuartal sebelumnya.
Fundamental operasional ESSA tetap berada pada tingkat yang kuat. Gangguan pasokan gas
hulu untuk fasilitas amoniak telah sepenuhnya terselesaikan pada akhir kuartal II 2025,
memungkinkan pabrik mencapai tingkat utilisasi sebesar 123% pada kuartal III 2025
dibandingkan 112% pada kuartal II 2025.
Pendapatan & EBITDA Kuartalan (USD Juta) - TFQ Harga Realisasi Ammonia & LPG Kuartalan (USD/MT) - TFQ
71.3 69.6 68.0 628 623
62.8 600
529
368
341
309
288
31.3
25.2 24.1 24.5
4Q24 1Q25 2Q25 3Q25 4Q24 1Q25 2Q25 3Q25
EBITDA Revenue Ammonia Price LPG Price
Langkah Strategis Menuju Energi Rendah Karbon
Ke depan, ESSA terus memperkuat komitmennya untuk menjadi pelopor dalam transisi
menuju masa depan yang lebih bersih. Perseroan tengah mempersiapkan langkah
transformasi untuk mengubah fasilitas amoniak yang ada menjadi fasilitas amoniak rendah
karbon, dengan target menangkap dan menyimpan sekitar 1 juta ton CO₂ per tahun.
Selain itu, melalui entitas anaknya, PT ESSA SAF Makmur (ESM), ESSA tengah mengupayakan
pengembangan fasilitas produksi greenfield berteknologi tinggi untuk memproduksi hingga
sekitar 200.000 metrik ton SAF per tahun. Inisiatif ini menegaskan komitmen ESSA dalam
mendukung dekarbonisasi sektor penerbangan sekaligus memperkuat posisi Indonesia dalam
rantai nilai energi hijau global.
Untuk informasi lebih lanjut, silahkan kunjungi website kami www.essa.id atau hubungi:
Shinta Siringoringo M. Aditya
Corporate Secretary Media Relations Team
Phone: +62 21 2988 5600 Phone: +62 812 9548 6465
Email: corpsec.eii@essa.id Email: investor.relation@essa.id
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940, Indonesia Page 4 of 4
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