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20250430_TPIA_Laporan Informasi dan Fakta Material_31880169_lamp1.pdf
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PT Chandra Asri
Pacific Tbk
NEWS RELEASE
Jakarta, 30 April 2025
(Chandra Asri) CHANDRA ASRI MAINTAINS STRONG FINANCIAL
About Chandra Asri:
MOMENTUM WITH SOLID Q1 2025 RESULTS
Chandra Asri Group is a leading
provider of energy, chemical, and
infrastructure solutions in • CHANDRA ASRI GROUP AND GLENCORE COMPLETED PURCHASE OF SHELL’S
Southeast Asia, supplying products
and services to various
SINGAPORE ENERGY AND CHEMICALS OPERATIONS
manufacturing industries in both • CHANDRA ASRI’S INFRASTRUCTURE ARM RECEIVED CAPITAL INJECTION FROM
domestic and international EGCO GROUP
markets. Since the Group’s
establishment in 1992, Chandra • CHANDRA ASRI GROUP HONORED FOR SUSTAINABILITY INITIATIVES AT 2025
Asri has grown from strength to GLOBAL CSR & ESG AWARDS
strength to build our reputation as
a reliable growth partner, with
strategically well positioned assets On 30 April 2025, PT Chandra Asri Pacific Tbk (IDX: TPIA) released its unaudited consolidated financial
in Indonesia and Singapore. The statements for the first quarter of 2025.
Group’s asset base includes a
refinery with a capacity of 237,000 The Company’s Director, Suryandi, commented:
barrels per day alongside a 1.1
million metric ton per annum “As of Q1 2025, PT Chandra Asri Pacific Tbk continues to maintain a strong financial position, with a
ethylene cracker on Bukom Island, robust liquidity pool of US$2.7 billion, comprising US$1.7 billion in cash and cash equivalents, US$0.7
2.5 million metric ton per annum billion in marketable securities, and US$0.3 billion in available committed revolving credit facilities. This
downstream chemicals on Jurong solid foundation enables us to drive long-term growth and contribute to Indonesia’s industrial and
Island and Indonesia’s one and only economic development.
0.9 million metric ton per annum
On April 1, 2025, we completed our joint acquisition with Glencore of Shell’s interest in the Shell Energy
naphtha cracker in Cilegon. The
and Chemicals Park in Singapore, now known as Aster Chemicals and Energy (“Aster”). This strategic
Company's business is supported
by core infrastructure assets, milestone, executed through our joint venture CAPGC Pte. Ltd., represents a major step in expanding
including energy, water, ports & Chandra Asri Group’s regional presence in the chemical, energy, and infrastructure sectors. By leveraging
storage, and logistics. For more Aster’s advanced refining and trading capabilities, we aim to enhance Indonesia’s energy security, reduce
information, visit www.chandra- import reliance, and create economic value by repatriating and reinvesting profits to support national
asri.com development and job creation. Aster is expected to generate significant material improvements to
Chandra Asri’s financial resilience and performance, to be reported in coming months.
Building on this our strong growth momentum, we are pleased to announce a joint capital injection of
USD 185 million into PT Chandra Daya Investasi (CDI Group) by Chandra Asri Group and EGCO Group,
with contributions of USD 90 million and USD 95 million respectively. This investment underscores
EGCO’s confidence in CDI’s long-term growth and supports our commitment to building sustainable, high-
quality infrastructure across Southeast Asia. CDI will continue to expand its portfolio to deliver lasting
For more information, please value through responsible infrastructure development.
contact: Complementing these growth efforts, we are also proud to share that Chandra Asri Group was recognized
with three awards at the 17th Annual Global CSR & ESG Summit & Awards 2025 in Ho Chi Minh City,
Chrysanthi Tarigan,
Vietnam. These honors—Best Environmental Program, Best Community Program, and Best CSR & ESG
General Manager of Corporate
Leadership—demonstrate our enduring commitment to sustainable growth and responsible corporate
Communications
chrysanthi.tarigan@capcx.com citizenship. Through initiatives like the Tanara Waste Management program and the Asri School
environmental education platform, we continue to deliver impactful solutions that strengthen
Investor Relations communities, protect the environment, and advance ESG leadership in the region."
investor-relations@capcx.com
www.chandra-asri.com
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Q1 2025 FINANCIAL HIGHLIGHTS:
• Net Revenue increased by 31.8% in 3M 2025 to US$622.1 million from US$471.9 million in 3M 2024, due to favorable market
conditions.
• Cost of Revenue increased to US$616.3 million in 3M 2025 from US$471.4 million in 3M 2024, as we ramp up production capacity
for higher margin products.
US$ million, unless otherwise stated 3M 2025 3M 2024 % Change
Net Revenues 622.1 471.9 31.8%
- Chemical 592.6 447.3 32.5%
- Infrastructure 29.5 24.6 19.4%
Cost of Revenues 616.3 471.4 30.7%
Gross Profit 5.8 0.5 1.060%
Net (Loss) Profit after Tax (23.6) (32.6) -27.7%
EBITDA 21.7 1.1 1870.2%
Cash Flows from (used in) Operating Activities (318.7) (387.2) NR
Capital Investments 75.5 82.2 NR
Earnings (loss) per share (US$) (0.0004) (0.0005) NR
US$ million, unless otherwise stated 3M 2025 FY 2024 % Change
Total Assets 6,056.2 5,658.9 7.0%
Total Liabilities 2,998.3 2,726.1 10.0%
Shareholders’ Equity 3,057.9 2,932.8 4.3%
Interest Bearing Debt 2,570.3 2,000.6 28.5%
Cash & Cash Equivalents plus Marketable Securities 1,735.8 2,145.9 -19.1%
Note:
NR.: Not Relevant
Financial Ratios
3M 2025 3M 2024
Gross Profit Margin -0.1% 0.1%
EBITDA Margin 3.5% 0.2%
Debt to Capitalization 45.7% 38.7%
Debt to Equity 84.1% 63.1%
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FINANCIAL PERFORMANCE ANALYSIS
Net Revenues
In 3M 2025, the Company reported net revenue of US$622.1 million, up 31.8% from US$471.9 million in 3M 2024. This growth was
mainly driven by increased sales from the Chemical segment, which rose 32.5%, and stable performance in Infrastructure, offsetting
prior-year disruptions in supply and demand.
Cost of Revenues
In 3M 2025, the cost of revenues rose to US$616.3 million, up 30.7% from US$471.4 million in 3M 2024. The increase was largely
attributable to higher feedstock and utility costs in the Chemical segment, in line with the ramp-up in production and sales volume.
EBITDA
In 3M 2025, the Company reported higher EBITDA of US$21.7 million, compared to US$1.1 million in 3M 2024, representing a year-
on-year increase of 1,870.2%, reflecting margin recovery despite negative gross profitability. The improvement was driven by better
markets condition for Chandra Asri’s product portfolio.
Net Profit (Loss) after Tax
In 3M 2025, the Company recorded a net loss after tax of US$23.6 million, improving from a net loss of US$32.6 million in 3M 2024,
largely due to improved EBITDA and cost management initiatives. Despite ongoing financial charges, the narrowing loss highlights
progress in operational efficiency.
Total Assets
As of March 31, 2025, total assets stood at US$6,056.2 million, a 7.0% increase from US$5,658.9 million as of FY 2024. The increase
was mainly driven by higher capital investments and increases in trade receivables following improved sales performance.
Total Liabilities
The Company recorded total liabilities of US$2,998.3 million as of 3M 2025, representing a 10.0% increase from US$2,726.1 million
in FY 2024. This increase was primarily attributable to additional interest-bearing borrowings raised to support working capital and
strategic capital projects.
Cash Flows Provided by Operating Activities
In 3M 2025, the Company reported net cash outflows from operating activities of US$318.7 million, an improvement from US$387.2
million in 3M 2024. The improvement was due to lower cash absorption from working capital despite the continued net loss position.
Cash Flows Used in Investing Activities
In 3M 2025, the Company recorded net cash outflows from investing activities of US$0.7 million, an improvement from US$139.5
million in 3M 2024. The improvement was mainly attributable to higher proceeds from financial asset placements and dividends from
associates, as well as lower capital expenditures during the period.
Cash Flows Provided by Financing Activities
In 3M 2025, the Company recorded net cash inflows from financing activities of US$688.3 million, up from US$117.3 million in 3M
2024. This increase was primarily driven by the successful raising of new long-term borrowings to strengthen liquidity and support
the Company’s ongoing investment and growth initiatives.
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CORPORATE NEWS
Chandra Asri Group and Polda Banten Collaborate to Train Skilled Workers
Through Poliran Program
PT Chandra Asri Pacific Tbk (Chandra Asri Group) signed an MoU with Polda
Banten to support the Polisi Peduli Pengangguran (Poliran) Program, aimed at
reducing unemployment by providing vocational and entrepreneurship training.
Signed on March 13, 2025, the collaboration includes support from BBPVP
Serang and focuses on communities in Cilegon. The Poliran Training Center,
inaugurated on March 18 by the National Police Chief, will offer training,
certification, and job placement to help build a skilled, productive workforce.
Chandra Asri Group to Build CA-EDC Plant, Supporting Job Creation and
National Growth
PT Chandra Asri Pacific Tbk (Chandra Asri Group) is constructing a Chlor Alkali –
Ethylene Dichloride (CA-EDC) Plant in Cilegon City, Banten, designated as a
National Strategic Project. The plant will create 3,000 jobs during construction
and 250 permanent roles, supporting Indonesia’s economic goals. It will reduce
Chlor Alkali imports by up to IDR 4.9 trillion annually and generate IDR 5 trillion
in foreign exchange through EDC exports.
Chandra Asri Group Promotes Circular Economy Through Aksi Asri Beralih 3.0
and UCO Collection
As part of its Indonesia Asri Campaign, PT Chandra Asri Pacific Tbk (Chandra Asri
Group) held the third installment of ‘Aksi Asri Beralih,’ an interactive forum with
Warga Asri (Indonesia Asri Community) to encourage responsible household
waste management and promote a circular economy. This initiative expands
beyond plastic waste by facilitating the collection of Used Cooking Oil (UCO) from
communities near the company’s operational areas. In collaboration with TUKR,
a licensed UCO processor, Chandra Asri Group reinforces its commitment to
sustainable practices. Through Aksi Asri Beralih 3.0, the company empowers
local communities to adopt environmentally conscious habits and take an active
role in waste sorting and resource recovery.
Chandra Asri Group Holds Tarjung Initiative to Strengthen Community Ties
During Ramadan
PT Chandra Asri Pacific Tbk (Chandra Asri Group) launched the Tarawih
Berkunjung, or Tarjung, program across 20 mosques in five villages near its
operational areas to enhance community engagement during Ramadan. Taking
place from March 17–21, 2025, the initiative featured tarawih prayers, dialogue
sessions to introduce company programs, and the distribution of Rp80,000,000
in operational support to participating mosques. The program underscores
Chandra Asri Group’s ongoing commitment to fostering strong relationships with
surrounding communities.
Chandra Asri Group Distributes Zakat, Infaq & Sadaqah to 25 Nearby Villages
PT Chandra Asri Pacific Tbk (Chandra Asri Group) distributed Zakat, Infaq, and
Sadaqah (ZIS) to support local communities during the holy month of Ramadan.
A total of 14.3 tons of rice and 1,640 boxes of instant noodles were provided to
25 villages near the company’s operational areas, benefiting thousands of
households. The aid was delivered in coordination with village officials and
community leaders to ensure it reached those most in need, reflecting Chandra
Asri Group’s ongoing commitment to social welfare and community
engagement.
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Chandra Asri Group Provides 3 Buses for Cilegon City’s Free Homecoming
Program
PT Chandra Asri Pacific Tbk (Chandra Asri Group) supported the Cilegon City
Government’s free Idulfitri homecoming (mudik) program by providing three
buses with a capacity of 50 passengers each, serving routes to Cirebon,
Semarang, and Solo. The initiative aimed to help residents reunite with their
families during the holiday and formed part of a broader program involving 47
buses arranged by Pemkot Cilegon in collaboration with various partners. The
departure ceremony was held on Wednesday, March 26, 2025, following the
registration period that began on March 12 and recorded 2,200 participants
traveling to 22 destinations across Java and Sumatra.
Chandra Asri Group and Glencore Finalize Acquisition of Shell’s Assets in
Singapore
PT Chandra Asri Pacific Tbk (Chandra Asri Group) and Glencore have completed
the acquisition of Shell Singapore Pte. Ltd.'s interest in Shell Energy and
Chemicals Park, now renamed Aster Chemicals and Energy. The transaction was
executed through CAPGC Pte. Ltd., a joint venture between Chandra Asri Capital
Pte. Ltd. and Glencore Asian Holdings Pte. Ltd. This acquisition marks a
significant milestone in Chandra Asri Group’s regional expansion in the chemical,
energy, and infrastructure sectors, strengthening Indonesia’s energy security by
securing supply of critical petroleum and chemical products, while supporting
economic growth through job creation and reinvestment of returns into the
domestic economy.
Chandra Asri Group Recognized for Sustainability Initiatives at the Global CSR
& ESG Summit 2025
PT Chandra Asri Pacific Tbk (Chandra Asri Group) received three awards at the
17th Annual Global CSR & ESG Summit & Awards 2025 held in Ho Chi Minh City,
Vietnam, winning recognition for Best Environmental Program, Best Community
Program, and Best CSR & ESG Leadership. These awards reflect Chandra Asri
Group’s ongoing commitment as a Growth Partner to advancing sustainable
solutions that benefit society and the environment. The Best Environmental
Program award recognized the Tanara Waste Management initiative, while the
Best Community Program honored the ‘Asri School’ initiative focused on
environmental education for youth. The Best CSR & ESG Leadership award
acknowledged the Company’s efforts in promoting sustainable growth and ESG
leadership.
Chandra Asri Group and EGCO Group Inject Capital into Infrastructure
Investment Platform
PT Chandra Asri Pacific Tbk (Chandra Asri Group), in partnership with Electricity
Generating Public Company Limited (EGCO Group), has injected USD 185 million
into PT Chandra Daya Investasi (CDI Group), a special purpose vehicle focused
on infrastructure investments. The capital contribution, comprising USD 90
million from Chandra Asri Group and USD 95 million from EGCO Group,
underscores their joint commitment to developing sustainable, high-quality
infrastructure across Southeast Asia and reflects confidence in CDI Group’s long-
term growth potential.
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CAPGC Pte. Ltd.
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Shell Singapore Pte. Ltd.
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Chandra Asri Capital Pte. Ltd.
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Glencore Asian Holdings Pte. Ltd.
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Electricity Generating Public Company Limited
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