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PT Chandra Asri
Pacific Tbk
NEWS RELEASE
Jakarta, 31 July 2025
(Chandra Asri CHANDRA ASRI GROUP SHOWS STRONG
Group)
RESULTS FOR Q2-2025
About Chandra Asri: • CHANDRA ASRI GROUP RECORDS A NET INCOME OF US$1.6 BILLION INCLUDING
Chandra Asri Group is a leading
provider of energy, chemical, and BARGAIN PURCHASE GAIN FROM ITS ACQUISITION OF ASTER CHEMICALS AND
infrastructure solutions in ENERGY
Southeast Asia, supplying products
• CHANDRA ASRI GROUP’S INFRASTRUCTURE ARM, CHANDRA DAYA INVESTASI, IS
and services to various
manufacturing industries in both OFFICIALLY A PUBLICLY LISTED COMPANY TRADING UNDER THE TICKER “CDIA”
domestic and international • MARGIN ADJUSTMENT ACHIEVED, UNDERSCORING CHANDRA ASRI GROUP’S
markets. Since the Group’s
establishment in 1992, Chandra COMMITMENT TO SUSTAINABILITY
Asri has grown from strength to
strength to build our reputation as
On 31 July 2025, PT Chandra Asri Pacific Tbk (IDX: TPIA) released its unaudited consolidated financial
a reliable growth partner, with
statements for the first half of 2025. The Company’s Group Chief Financial Officer and Director, Andre Khor,
strategically well positioned assets
commented: “It is with great pleasure to present our achievements for the first half of 2025. With the
in Indonesia and Singapore. The
Group’s asset base includes a
successful acquisition of Aster Chemicals and Energy Pte. Ltd. (Aster) from Shell on April 1, 2025, we
refinery with a capacity of 237,000 successfully reported a net income of USD 1.6 billion. A significant portion of this result stems from
barrels per day alongside a 1.1 bargain purchase gain or negative goodwill associated with the acquisition. This reflects the highly value-
million metric ton per annum accretive nature of our recent corporate actions which not only enhanced our performance but also has
ethylene cracker on Bukom Island, strengthened our balance sheet.
2.5 million metric ton per annum
downstream chemicals on Jurong This acquisition represents a major step in expanding Chandra Asri Group’s regional presence in the
Island and Indonesia’s one and only chemical, energy, and infrastructure sectors and delivers tangible synergy benefits for Indonesia—from
0.9 million metric ton per annum industrial integration to enhanced competitiveness. It is a testament to the effectiveness of our strategic
naphtha cracker in Cilegon. The consolidation, and it sets a solid foundation for future growth.
Group’s business is supported by
core infrastructure assets, We successfully conducted the Initial Public Offering of our Group’s infrastructure platform, PT Chandra
including energy, water, ports &
Daya Investasi Tbk (CDIA) on July 9, 2025. It is a major milestone that opens new avenues for capital
storage, and logistics. For more
formation and market visibility, achieving record-breaking milestones on the IDX with IPO
information, visit www.chandra-
oversubscribed by 15 times against the initial target of IDR 2.37 trillion receiving more than 430 thousand
asri.com
orders from around 400 thousand investors. That translates to a groundbreaking 564 times for e-pooling
of retails investors. These accomplishments reflect investor’s confidence in CDI’s trajectory and underline
our ambition to scale its growth through organic infrastructure development which encompass 4 major
pillars which are energy, water, logistics and storage industry.
We are also proud to share that Chandra Asri Group has successfully met our sustainability linked loan
performance targets, to secure a margin reduction to lower borrowing costs. This achievement highlights
For more information, please the Company’s strong commitment to sustainability, particularly through the reduction of greenhouse
contact: gas emissions and improved third-party sustainability ratings. This milestone reflects the Company’s
robust sustainability risk management and tangible contribution to the transition toward a low-carbon
Chrysanthi Tarigan, economy while also forming part of the Company’s broader sustainable financing strategy, reinforcing
General Manager of Corporate
our position as a trusted growth partner in industry and an active participant in the global sustainability
Communications
agenda.”
chrysanthi.tarigan@capcx.com
Investor Relations
investor-relations@capcx.com
www.chandra-asri.com
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Q2 2025 FINANCIAL HIGHLIGHTS:
• Since the acquisition of Aster on April 1, 2025, Aster Financials is fully integrated following a thorough evaluation to reflect bargain
purchase accounting and the recording of negative goodwill due to the highly value accretive nature of the transaction.
• The balance sheet of Chandra Asri is strengthened with the additional assets of Aster which brings the total assets as of June 30,
2025 to US$10.4 billion.
• The acquisition also enables Chandra Asri to enter the refinery business and to expand its chemical segment’s product lines.
• For YTD June 2025, Chandra Asri recorded net income of US$1.6 billion, including negative goodwill arising from the completion
of the transaction.
US$ million, unless otherwise stated 6M 2025 6M 2024 % Change
Net Revenues 2,926.2 866.5 237.7%
- Refinery 1,073.1 0 100%
- Chemical 1,790.2 819.3 118.5%
- Infrastructure 62.9 47.2 33.3%
Cost of Revenues 3,025.7 853.6 254.5%
Gross Profit (Loss) (99.5) 12.9 1,060%
Net Profit (Loss) after Tax 1,614.8 (46.6) 3,565.2%
Adjusted EBITDA 1,765.7 17.9 9,764.2%
Cash Flows from (used in) Operating Activities (35.8) (309.3) NR
Capital Investments 174.5 158.6 NR
Earnings (Loss) per share (US$) 0.0179 (0.0) NR
US$ million, unless otherwise stated 6M 2025 FY 2024 % Change
Total Assets 10,382.7 5,658.9 83.5%
Total Liabilities 5,510.9 2,726.1 102.2%
Shareholders’ Equity 4,871.8 2,932.8 66.1%
Long-term Interest-Bearing Debt 3,146.4 1,777.7 77.0%
Cash & Cash Equivalents plus Marketable Securities 3,481.9 2,145.9 62.3%
Note:
NR.: Not Relevant
Values from the Aster acquisition only reflected for a single quarter, from 1 st April 2025 post completion of the transaction.
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CORPORATE NEWS
Chandra Asri Group Donates Eco-Friendly Bricks Made from Non-B3 Fly Ash &
Bottom Ash (FABA) Operational Waste
Chandra Asri Group donated 2,500 units of environmentally friendly concrete
bricks made from processed non-B3 Fly Ash & Bottom Ash (FABA) waste for
public facilities in Anyar District, Serang Regency, Banten. The donation was
symbolically handed over on Tuesday, April 22, 2025, at Ar-Rahmah Mosque,
Pegadungan, Anyar Village, Anyar District. The company initiated the production
of bricks from factory operational waste as part of its circular economy initiative,
and for the first time, donated them for the construction of a mosque in Anyar
Village. This brick innovation using FABA waste is a pilot step in green product
development and part of the company’s efforts to create value-added, practical,
and safe products by optimizing the use of operational waste.
Chandra Asri Group Strengthens Logistics and Storage Pillar for Industry
In order to strengthen the integration of the logistics ecosystem and enhance
reliable storage facilities for the industry, Chandra Asri Group, through CDI
Group, a special-purpose vehicle dedicated to investing in infrastructure
solutions for Chandra Asri Group manages two strategic subsidiaries, PT Chandra
Shipping International (CSI) and PT Redeco Petrolin Utama (RPU). RPU operates
in the port & storage sector, while CSI is engaged in the logistics sector. RPU
operates 72 storage tanks of various sizes with a total capacity of 129,700 KL,
two private-owned jetties, and a Centralized Filling Station (CFS).
Chandra Asri Group Develops Skilled Human Resources Through Petrochemical
Vocational Education
Chandra Asri Group, through the Politeknik Industri Petrokimia Banten (PIPB), is
contributing to the development of the vocational education sector as part of its
commitment to producing skilled and job-ready human resources for the
industrial sector. This support includes the development of educational
curriculum, the provision of practical training equipment, internship
opportunities at the company, and the involvement of industry professionals as
lecturers — all aimed at creating skilled human resources in the petrochemical
sector to meet industry labor demands.
Chandra Asri Group's Contribution to National Resilience with the Indonesian
Ministry of Defense
A Cooperation Agreement (PKS) was signed by Chandra Asri Group and the
Directorate General of Defense Potential of the Ministry of Defense of the
Republic of Indonesia (Kemhan RI) as part of an initiative to support Reserve
Component (Komcad) training. Chandra Asri Group will include 200 participants
in the Komcad training as a form of synergy between the industrial sector and
the government in strengthening national resilience. With this cooperation,
Chandra Asri Group strengthens the role of the business world in supporting
national defense and is committed to continuing to establish cross-sector
collaboration for sustainable national defense development.
‘Pos Gizi’ Program, Chandra Asri Group’s Contribution to Improving Children’s
Nutrition Status
Chandra Asri Group and the Family Empowerment and Welfare Team (PKK) of
Cilegon City have officially wrapped up the 2024/2025 Nutrition Post Program
for Children. This program focused on helping improve children’s growth and
development in the company’s operational areas, especially in the districts of
Ciwandan and Citangkil. Activities included basic health checks, consultations
with doctors and psychologists, monitoring children’s nutrition, providing
healthy meals (PMT), and holding parenting classes to educate parents.
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Chandra Asri Group Builds Industry-Community Relationship through Basic Food Distribution in Warnasari & Samangraya Villages A total of 300 basic food packages were distributed by Chandra Asri Group to residents of Warnasari Village and Samangraya Village in Citangkil District, Cilegon City. This assistance is a form of Chandra Asri Group's concern for the community around the operational area through direct benefits. The food packages distributed contained basic necessities such as rice, cooking oil, sugar, instant noodles, and tea. The distribution of these basic necessities is supported by the Cilegon Resort Police (Polres) and the village administration so that the assistance is received precisely for the target community in need. Chandra Asri Group Reviews Potential Carbon Capture & Storage (CCS) Hub in Indonesia Chandra Asri Group’s commitment to sustainability continues through the potential development of a Carbon Capture & Storage (CCS) Hub in Banten, Indonesia, as revealed in IPA Convex 2025. This initiative supports industrial decarbonization and Net Zero Carbon 2060 by leveraging strategic locations in Cilegon and Serang, the hubs of the petrochemical, power, steel and cement industries. With experience in managing integrated industrial-scale infrastructure, the company is optimistic that this project can be realized through collaboration with strategic partners. Jakarta Martial Arts Extravaganza (JMAE) 2025 Presents Diverse Sustainability Initiatives with Chandra Asri Group Jakarta Martial Arts Extravaganza (JMAE) 2025 has become a pioneer in promoting Green Sports, achieving a 68% reduction in carbon emissions to just 7.51 tCO₂ compared to conventional sporting events. This initiative is fully supported by PT Chandra Asri Pacific Tbk (Chandra Asri Group), a strategic partner of the Indonesian National Sports Committee (KONI), particularly in waste management and carbon footprint calculation. Chandra Asri Group Introduces Ports and Marine Logistics Business at Indonesia Maritime Week 2025 Chandra Asri Group participated in Indonesia Maritime Week (IMW) 2025 held at the Jakarta Convention Center (JCC) on May 26-28, 2025. In this event, Chandra Asri Group introduced the Ports & Storage and Logistics business lines developed to support the needs of national industrial infrastructure. The participation in IWM 2025 was represented by Chandra Asri Group's subsidiaries, PT Chandra Pelabuhan Nusantara (CPN) and PT Chandra Shipping International. Through the integrated service portfolio displayed at IMW 2025, Chandra Asri Group wants to demonstrate the Company's active role in supporting strategic industries through efficient and sustainable logistics and infrastructure services. Chandra Asri Group Develops Recycling Ecosystem through CIRCLO® Shredded Plastic Product In commemoration of World Environment Day 2025, Chandra Asri Group introduces one of its plastic recycling ecosystem initiatives, CIRCLO®, as a commercial shredded plastic product. CIRCLO® supports the circular economy concept by transforming low-value plastic waste into high-value raw materials. This product meets the specifications for plastic asphalt mixtures in accordance with the standards of the Ministry of Public Works, making it a sustainable solution that is not only economically valuable but also complies with infrastructure quality and safety standards.
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Chandra Asri Group Wins 3 Categories at the 2025 TOP CSR Awards Chandra Asri Group proudly received three awards at the 2025 TOP CSR Awards, recognizing the company’s commitment and consistent efforts in implementing impactful and sustainable corporate social responsibility programs. The awards received include TOP CSR Awards 2025 #Star 5, Special Recognition 2025 for CSR Programs that Support Asta Cita, and Top Leader on CSR Commitment 2025 – Erwin Ciputra. Chandra Asri Group Engages Journalists to Collect Used Cooking Oil through MINYAKU Program As part of its effort to expand the reach of the MINYAKU program, Chandra Asri Group invited mass media journalists based in Cilegon to participate in a collective effort to collect used cooking oil (UCO). This program, which involved journalists from various local media outlets in Cilegon, received an enthusiastic response and significant contributions, resulting in a total collection of 2.9 tons of used cooking oil from the journalist community. PT Chandra Asri Pacific Tbk Named One of the 20 Top Companies to Watch in 2025 PT Chandra Asri Pacific Tbk has been selected as one of the 20 Top Companies to Watch in 2025 by Bloomberg Technoz Intelligence. This recognition serves as an appreciation of Chandra Asri Group’s growth potential and significant contribution to the national economy. The selection process was conducted through in-depth research on more than 900 listed companies on the Indonesia Stock Exchange, spanning sectors such as finance, energy, manufacturing, and technology. The inclusion of Chandra Asri Group highlights our commitment to strengthening the national petrochemical industry and driving sustainable economic growth through innovation, strategic expansion, and continuous business transformation. Chandra Asri Group and Cilegon City Environmental Agency Introduce KOLASE Program to 48 Schools Chandra Asri Group, in collaboration with the Cilegon City Environmental Agency, held a simultaneous socialization of the KOLASE Program (School-Based Circular Economy Waste Management Collaboration) at 48 elementary and junior high schools across Cilegon on 19 June 2025. The program aims to build early habits of waste sorting through education in schools. Four schools that had previously implemented the program were recognized and received KOLASE Drop Boxes—waste sorting facilities supported by Chandra Asri Group and the Bakti Barito Foundation—after successfully managing 17 tons of waste and educating over 2,568 students since December 2023.
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Chandra Asri Group Holds “Desa Anyar Asri” Event to Promote Community Waste Management In commemoration of World Environment Day 2025, Chandra Asri Group, together with the Desa Anyar Government, held the “Desa Anyar Asri” event to encourage residents to participate in household waste management. Activities included a village-wide clean-up, education on waste sorting and recycling, the introduction of the GUPI Mandiri Waste Bank, and a “Waste-for-Goods” exchange program highlighting the economic value of waste. Indonesia Asri Hosts Circle of Beauty 4.0, Promotes Mindful Beauty Lifestyle Indonesia Asri, a campaign by Chandra Asri Group, returned with Circle of Beauty 4.0, carrying the theme “Mindful Beauty, Mindful Earth.” The event encouraged the Warga Asri community to be more mindful of the environmental impact of beauty routines, especially by managing used packaging responsibly. It also featured a collaboration with Earth Love Life, a body care brand from ParagonCorp known for its Halal Green Beauty concept and mood-boosting products developed based on neuroscience. Chandra Asri Group Secures SLL Margin Adjustment Following ESG Performance Milestone Chandra Asri Group has successfully secured a margin adjustment from its US$800 million sustainability-linked loan (SLL) facility after meeting its first-year performance targets. This achievement highlights the Company’s strong commitment to sustainability, particularly through the reduction of greenhouse gas emissions and improved third-party ESG ratings. The SLL facility was secured in July 2024 from a syndicate of nine leading financial institutions, with Oversea- Chinese Banking Corporation Limited acting as the Sustainability Coordinator. Deputy Minister of Home Affairs Visits Plastic Asphalt Project by Chandra Asri Group Chandra Asri Group, in collaboration with ASECH Indonesia, has established a strategic partnership with various parties to promote the implementation of plastic asphalt across different regions of Indonesia. This collaboration was introduced during the National Plastic Asphalt Showcase held in July 2025 at Jimbaran Hub, Bali, and attended by the Deputy Minister of Home Affairs, Bima Arya. On this occasion, Chandra Asri Group and ASECH Indonesia presented the advantages of plastic asphalt as a sustainable solution to reduce plastic waste accumulation in landfills, while also supporting the development of a circular economy in Indonesia. PT Chandra Daya Investasi Tbk Officially Listed, Ready to Become a Key Infrastructure Player in Southeast Asia PT Chandra Daya Investasi Tbk (CDI Group) officially listed its shares on the Indonesia Stock Exchange (IDX) under the ticker “CDIA” on July 9, 2025. Through this IPO, CDI successfully raised IDR 2.37 trillion by issuing 12,482,937,500 new shares at an offering price of IDR 190 per share. Market enthusiasm was reflected in the high oversubscription of up to 563.64 times during the offering period, starting from the bookbuilding phase on June 19–24, 2025, to the public offering on July 2–7, 2025.
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Chandra Asri Reaffirms ESG Commitment Through Participation in the Global ESG and Sustainability Forum 2025 Chandra Asri Group participated in the Global ESG and sustainability Forum 2025 held on July 8–10 in Kuala Lumpur, Malaysia. The forum brought together business leaders, regulators, and sustainability from Asia, Europe, and Middle East to discuss the latest trend, challenges, strategies in implementing Environmental, Social, and Governance (ESG). It highlighted the importance of understanding climate risk and adaptation strategy, aligning with Chandra Asri’s ongoing efforts to integrate climate risk analysis into its ESG roadmap through mitigation planning and disclosures based on global frameworks. This participation reflects Chandra Asri commitment to fostering collaboration and strengthening ESG implementation. Chandra Asri Group Promotes Job Creation Through Shared Service Center (SSC) Chandra Asri Group, through its subsidiary PT Chandra Asri Konsultasi (CAK), has established a Shared Service Center (SSC) to enhance operational efficiency and support the sustainable growth of its subsidiaries. CAK's services cover back- office operations including finance, human resources, procurement, customer operations, and information technology (IT). The company also plans to recruit over 200 new employees and contribute to the development of Indonesian talent capacity. Planting Mangroves to Restore Ecosystems: The Story of Chandra Asri Group and the Tengkurak Village Community As part of its commitment to environmental conservation and climate resilience, Chandra Asri Group has partnered with the local community of Tengkurak Village, Serang Regency, in a mangrove conservation program. The planting is being carried out in stages, targeting up to 186 hectares, and is accompanied by efforts to empower local residents. The community has been involved from the planning stage, as their understanding of coastal conditions is key to the success of this ecosystem restoration.
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