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Press Release
PT BARITO PACIFIC TBK (IDX: BRPT) ANNOUNCES ITS UNAUDITED CONSOLIDATED PERFORMANCE FOR
THE FIRST THREE MONTHS OF 2025
Key Highlights:
• Consolidated 3M25 Revenues of US$774 million (+25% YoY)
• Consolidated 3M25 EBITDA of US$140million (+3.7% YoY)
• Consolidated 3M25 Net Profit After Tax of US$30 million (+114% YoY)
Jakarta, 30 Apr. 2025 - PT Barito Pacific Tbk. (“Barito Pacific”, “BRPT” or the “Company”) today released its
unaudited consolidated financial statements for the first three months of 2024:
Agus Pangestu, the Company’s President Director states that:
“We delivered a solid start to the year in the first quarter of 2025, reflecting resilience amid continued global
volatility driven by renewed trade tensions. Operational performance improved, supported by a higher
production in chemical segment and strong cost discipline in the energy segment. These improvements helped
mitigate some external headwinds and positioned the company in favourable condition. Nonetheless, given
the uncertain macroeconomic outlook and ongoing trade-related risks, the company remains cautious,
maintaining a disciplined approach to risk management and capital deployment.
In the first quarter of 2025, the company reported a revenue growth of 25% year-over-year, supported by a
volume recovery in chemical segment and continued resilience in the energy segment. EBITDA increased by
3.7% year-over-year, driven by favourable market condition and strong cost discipline across the energy
business. These factors collectively contributed to a solid bottom-line performance, with consolidated earnings
before taxes rising to US$30 million (+114% YoY). We have further maintained a strong liquidity pool and
balance sheet, with the net debt to equity ratio remaining stable at 0.73x, reflecting management's
commitment to keeping our capital structure in a safe zone amid consistent expansions.
In line with our strategic expansion objectives, we are pleased to announce the successful acquisition of the
Shell Energy Chemical Park (SECP) in Singapore, which has been rebranded as Aster Chemicals and Energy Pte
Ltd (ACE). This acquisition constitutes a significant milestone in our ongoing efforts to strengthen our regional
footprint and is anticipated to positively impact our earnings in the forthcoming reporting quarter. Moreover,
it reinforces Chandra Asri’s position as the fifth-largest chemical solutions provider in Southeast Asia by
production capacity and represents a pivotal step toward addressing Indonesia’s fuel and chemical supply gap.
The successful acquisition of ACE, combined with our well-defined roadmap for growth in the renewable
energy sector—including the retrofitting of existing infrastructure and the development of new, sustainable
units—positions us strongly to contribute to Indonesia’s long-term national objectives. We are proud to align
our strategy with the government’s vision of transforming Indonesia into a sovereign, advanced, fair, and
prosperous nation by 2045, and we remain committed to playing an active role in driving industrial resilience,
energy transition, and inclusive economic development.
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Financial Performance:
(US$ million, unless otherwise stated) 3M25 3M24 % Change
Net Revenues 774 619 25%
Petrochemical 622 472 31.8%
Energy 150 145 3.4%
Others 1 1 0%
Cost of Revenues 651 501 29.9%
Gross Profit 123 117 5.1%
Finance costs 84 84 0%
Net Profit after Tax 30 14 114.3%
Attributable to:
Owners of the Company 16 9 77.8%
Non-controlling Interests 13 5 160%
EBITDA 140 135 3.7%
Gross Profit Margin (%) 15.90 18.95 (3pp)
EBITDA Margin (%) 18.15 20.49 (2pp)
Debt to Capital (%) 54.11 51.51 3pp
Net Debt to Equity (x) 0.73x 0.68x
Balance Sheet (US$ million) 3M25 3M24 % Change
Total Assets 10,048 10,150 (1.0%)
Total Liabilities 5,906 6,038 (2.2%)
Total Equity 4,142 4,112 0.7%
Total Debt 4,450 4,264 4.4%
Net Debt 3,021 3,069 (1.6%)
FINANCIAL PERFORMANCE ANALYSIS:
Consolidated net revenue increased 25% YoY to US$774 million in 3M25 mainly attributable to:
• Higher net revenue from our petrochemical business of US$622 million, owing mostly to favourable
market conditions, offsetting previous year disruption in global supply and demand.
• Stable energy segment with revenue grew 3.4% YoY to US$150 million on solid operational
excellence and consistently healthy capacity factor.
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Consolidated Cost of revenues increased by 30% YoY to US$651 million
Cost of revenues increased due to higher feedstock and utility cost in chemical segment, in line with the
higher production and sales volume.
EBITDA rose 3.7% YoY to US$140 million
We recorded a 3.7% increase in consolidated 3M25 EBITDA to US$140 million from US$135 million in the
previous year. This translates to EBITDA margin of 15.9%.
Consolidated Net Profit After Tax
In line with the operational achievement, we delivered 3M25 net profit after tax of US$30 million, up
114% YoY.
Total Assets and Total Liabilities
As of 3M25, our Total Assets stood at US$10,893 million compared to US$10,533 million for 3M24. Despite
rising volatility and high uncertainty, we have maintained a strong liquidity profile, with net debt to equity
remaining stable at 0.73x.
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About Barito Pacific
Barito Pacific (IDX: BRPT) is an integrated energy company based in Indonesia with multiple power and
industrial assets. Through Barito Renewables, BRPT operates renewable energy assets with a combined
capacity of 981.4MW. Along with Indonesia Power, a wholly-owned subsidiary of PLN, BRPT is developing Java
9 & 10, a 2 x 1,000MW ultra super-critical class power plant with enhanced efficiencies and environmental
performances. BRPT also owns a controlling share of PT Chandra Asri Petrochemical Tbk (IDX: TPIA), Indonesia’s
largest and only integrated petrochemical company. Visit us at: www.barito-pacific.com
For more information, please contact:
Corporate Secretary | Corporate Communications and Investor Relations
PT Barito Pacific Tbk.
Phone: (62-21) 530 6711
Fax: (62-21) 530 6680
Email: corpsec@barito.co.id, Investor.relations@barito.co.id
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· Corporate Secretary
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