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ESSA’s Topline Shows Moderate Decline in 1H 2025
Jakarta, 25 July 2025 – PT ESSA Industries Indonesia Tbk. (“ESSA”), a publicly listed company
engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and
Ammonia plant, reported 1H25 revenue of USD 138 million (a decrease of 9% YoY). EBITDA for the first
half was USD 49 million (a decrease of 20% YoY) while Net Profit attributed to the Shareholders of the
Company was recorded at USD 15 million (a reduction of 28% YoY). 1H25 performance was affected by
lower ammonia prices but more unusually by lower gas supply to the ammonia plant as a result of the
staggered maintenance at the upstream gas supplier, thereby impacting ammonia production.
Maintenance work at the upstream gas supplier has already been completed and the gas supply has
normalized from July. Ammonia prices have also started recovering since June.
Revenue (USD Million) EBITDA (USD Million) Net Profit* (USD Million)
ↆ9%
152
138 ↆ20%
62
49
ↆ28%
21
15
1H24 1H25 1H24 1H25 1H24 1H25
*Attributable to Shareholder of the Company
ESSA continues to maintain the highest standards of plant safety and reliability. The ammonia plant
completed 8.8 million cumulative manhours without Loss Time Injury (LTI), while the LPG plant clocked
6.2 million cumulative manhours without LTI (more than six years of continuous operation without a
trip) – another milestone. Ammonia price was down by 8% while LPG price was marginally up by 1% as
compared to the corresponding 1H24.
Quarterly Revenue & EBITDA (USD Million) - TFQ Quarterly Ammonia & LPG Realized Price (USD/MT) - TFQ
78.5 628
71.3 623 600
69.6 68.0 581
357 368
341
288
35.7 31.3 25.2 24.1
3Q24 4Q24 1Q25 2Q25 3Q24 4Q24 1Q25 2Q25
EBITDA Revenue Ammonia Price LPG Price
ESSA declared a cash dividend of IDR 10 per share amounting to IDR 172.26 billion (USD 10.3 million)
for the Fiscal Year 2024, in April 2025. The payout was doubled on the back of significant deleveraging
and improved margins in 2024.
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor T +62 21 2988 5600
Jl. Prof. Dr. Satrio Kav. 3-5 F +62 21 2988 5601
Jakarta 12940, Indonesia www.essa.id Page 1 of 4
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ESSA is committed to achieving manufacturing excellence, promoting environmental sustainability, and
staying ahead of industry trends. Kanishk Laroya – President Director & CEO of ESSA said “H1 2025
represented strong operational performance despite lower and inconsistent gas supply, along with a
soft ammonia market. We are optimistic that H2 2025 shall provide stronger results on the back of our
normalized gas supply and ammonia prices beginning their recovery since June.
ESSA was recently felicitated with the Gold Award at Indonesia Regulatory Compliance Award (IRCA)
2025 as a “Notable Enterprise for Excellence in Regulatory Compliance”. This is a testament to our strong
governance practices.
Looking ahead, we remain focused on our efforts towards a more sustainable future. This includes
transforming our existing ammonia plant into a low carbon plant, with a target to sequester ~1 million
TPA CO2. ESSA, through its subsidiary PT ESSA SAF Makmur (“ESM”), shall also set up a state-of-the-art
greenfield manufacturing facility to produce up to ±200,000 MT per annum of Sustainable Aviation Fuel
(SAF).”
For further information, please visit our website www.essa.id or contact:
Shinta D. U. 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.relations@essa.id
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor T +62 21 2988 5600
Jl. Prof. Dr. Satrio Kav. 3-5 F +62 21 2988 5601
Jakarta 12940, Indonesia www.essa.id Page 2 of 4
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ESSA Catatkan Penurunan Pendapatan Moderat pada 1H 2025
Jakarta, 25 Juli 2025 – PT ESSA Industries Indonesia Tbk. (“ESSA”), perusahaan tercatat yang
bergerak di sektor Energi dan Kimia melalui kilang LPG (Liquefied Petroleum Gas) dan pabrik Amoniak,
melaporkan pendapatan 1H25 sebesar USD 138 juta (penurunan 9% YoY). EBITDA untuk paruh pertama
tercatat sebesar USD 49 juta (penurunan 20% YoY), sementara Laba Bersih yang dapat diatribusikan
kepada Pemegang Saham Perseroan tercatat sebesar USD 15 juta (penurunan 28% YoY). Kinerja 1H25
terdampak oleh harga amoniak yang lebih rendah namun juga terdampak secara tidak biasa oleh
pasokan gas yang lebih rendah ke pabrik amoniak akibat pemeliharaan bertahap di pemasok gas hulu,
sehingga memengaruhi produksi amoniak. Pekerjaan pemeliharaan di pemasok gas hulu telah selesai
dan pasokan gas telah kembali normal sejak Bulan Juli. Harga amoniak juga mulai pulih ke level normal
sejak Bulan Juni.
Revenue (USD Million) EBITDA (USD Million) Net Profit* (USD Million)
ↆ9%
152
138 ↆ20%
62
49
ↆ28%
21
15
1H24 1H25 1H24 1H25 1H24 1H25
*Attributable to Shareholder of the Company
ESSA terus menjaga standar tertinggi dalam keselamatan dan keandalan operasional pabrik. Pabrik
amoniak mencatatkan 8,8 juta jam kerja kumulatif tanpa Kehilangan Waktu Kerja akibat Cedera (Loss
Time Injury/LTI), sementara kilang LPG mencatat 6,2 juta jam kerja kumulatif tanpa LTI (lebih dari enam
tahun operasi berkelanjutan tanpa trip) – sebuah pencapaian lagi. Harga amoniak tercatat mengalami
penurunan sebesar 8%, sementara harga LPG sedikit meningkat sebesar 1% dibandingkan 1H24.
Quarterly Revenue & EBITDA (USD Million) - TFQ Quarterly Ammonia & LPG Realized Price (USD/MT) - TFQ
78.5 628
71.3 623 600
69.6 68.0 581
357 368
341
288
35.7 31.3 25.2 24.1
3Q24 4Q24 1Q25 2Q25 3Q24 4Q24 1Q25 2Q25
EBITDA Revenue Ammonia Price LPG Price
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor T +62 21 2988 5600
Jl. Prof. Dr. Satrio Kav. 3-5 F +62 21 2988 5601
Jakarta 12940, Indonesia www.essa.id Page 3 of 4
Page 4
Pada bulan April 2025, ESSA mengumumkan dividen tunai sebesar IDR 10 per saham senilai total IDR
172,26 miliar (USD 10,3 juta) untuk Tahun Buku 2024. Jumlah dividen ini meningkat dua kali lipat
didorong oleh deleveraging yang signifikan dan peningkatan margin sepanjang Tahun 2024.
ESSA berkomitmen untuk mencapai manufacturing excellence, mendorong keberlanjutan lingkungan,
dan tetap berada di garis depan tren industri. Kanishk Laroya – Presiden Direktur & CEO ESSA
mengatakan, “H1 2025 menunjukkan kinerja operasional yang solid meskipun dihadapkan pada
pasokan gas yang lebih rendah dan tidak konsisten, serta pasar amoniak yang lemah. Kami optimistis
bahwa pada H2 2025 akan memberikan hasil yang lebih solid seiring normalisasi pasokan gas dan mulai
pulihnya harga amoniak sejak Bulan Juni.
ESSA belum lama ini dianugerahi Gold Award dalam ajang Indonesia Regulatory Compliance Award
(IRCA) 2025 sebagai “Notable Enterprise for Excellence in Regulatory Compliance”. Penghargaan ini
menjadi bukti atas praktik tata kelola perusahaan yang kuat dan konsisten yang dijalankan oleh ESSA.
Ke depan, ESSA tetap fokus pada upaya menuju masa depan yang lebih berkelanjutan. Hal ini termasuk
transformasi pabrik amoniak yang ada menjadi pabrik rendah karbon, dengan target penangkapan dan
penyimpanan sekitar 1 juta ton CO₂ per tahun. ESSA, melalui entitas anaknya PT ESSA SAF Makmur
(ESM), juga akan membangun fasilitas manufaktur greenfield berteknologi mutakhir untuk
memproduksi hingga ±200.000 metrik ton per tahun Sustainable Aviation Fuel (SAF).”
Untuk informasi lebih lanjut, kunjungi website kami di www.essa.id atau hubungi:
Shinta D. U. 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.relations@essa.id
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor T +62 21 2988 5600
Jl. Prof. Dr. Satrio Kav. 3-5 F +62 21 2988 5601
Jakarta 12940, Indonesia www.essa.id Page 4 of 4
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Industries Indonesia Tbk.
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PT ESSA SAF Makmur
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