20250429_ELSA_Laporan Informasi dan Fakta Material_31879060_lamp1.pdf

Narahubung:
Jayanty Oktavia Maulina (Anty)
Manager of Corporate Communications
Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Jakarta 12560
Tel: (021) 7883 0850 | Fax: (021) 7883 0907 | Mob: +62813 1787 1717
E-mail: jayanty.maulina@elnusa.co.id


Press Release
    Sustainable Growth Across All Business Segments, Elnusa
             Records Solid Performance in Q1 2025
Jakarta, 29 April 2025 – PT Elnusa Tbk (ELNUSA, IDX: ELSA), a subsidiary of PT Pertamina Hulu Energi (PHE) under Pertamina’s Subholding Upstream, recorded
a positive performance throughout the first quarter of 2025. Elnusa posted operating revenues of IDR 3.73 trillion, growing 20% compared to IDR 3.11 trillion
in the same period last year.

This revenue growth was driven by improved performance across all business segments. In the integrated upstream oil and gas services segment, the growth
was primarily supported by seismic activities and the Engineering, Procurement, Construction, Operation & Maintenance (EPCOM) business. Meanwhile, in
the sales of goods and energy distribution and logistics services segment, the increase was fueled by higher sales volumes of industrial fuel (BBM) and
expansion in fuel transportation services.

On the profitability side, Elnusa recorded an EBITDA of IDR 395 billion, up 6% from IDR 372 billion last year, achieving an EBITDA margin of 10.6%. Net profit
reached IDR 187 billion, representing a 2% increase compared to IDR 183 billion in the same period the previous year. This performance demonstrates the
company's success in maintaining financial stability amid a dynamic industry environment.

By business segment, integrated upstream oil and gas services recorded revenues of IDR 1.29 trillion, growing 7% compared to IDR 1.21 trillion in the same
period last year, with EBITDA reaching IDR 148 billion, up 6% from IDR 140 billion. The sales of goods and energy distribution and logistics services segment
also posted strong results, with revenues growing 23% from IDR 1.67 trillion to IDR 2.05 trillion. Meanwhile, the oil and gas support services segment
recorded the highest revenue growth at 52%, rising from IDR 342 billion to IDR 521 billion.

The strength of Elnusa’s financial fundamentals is reflected in the 11% increase in total assets, reaching IDR 11.03 trillion as of the end of March 2025,
aligned with an increase in liabilities to IDR 5.94 trillion and equity to IDR 5.09 trillion. This growth in assets and equity was supported by improved
operational performance. Furthermore, the company's ending cash balance grew by 20%, reaching IDR 2.96 trillion. These achievements strengthen Elnusa’s
financial position in navigating the dynamics of the future energy industry.

Additionally, effective asset management is reflected in Elnusa's Return on Assets (ROA), which stood at 1.69% as of the end of March 2025. This achievement
indicates the company’s ability to optimize asset utilization to generate profits early in the year. Previously, at the end of December 2024, Elnusa recorded
a ROA of 6.71%, demonstrating its consistency in maintaining asset management efficiency throughout the year. With solid financial fundamentals and well-
maintained asset performance, Elnusa holds strong potential to continue enhancing profitability as 2025 progresses.

Stanley Iriawan, Elnusa’s Finance Director, stated, "Elnusa’s solid performance in the first quarter of this year is a testament to the success of our business
portfolio diversification strategy, focus on operational efficiency, and readiness to capture new opportunities in the national energy sector. We are
committed to actively contributing to national energy resilience and driving sustainable business growth," said Stanley.

With a strong financial foundation, a diversified service portfolio, and a well-directed investment strategy, Elnusa remains optimistic about maintaining its
positive growth momentum throughout 2025. Through innovation, efficiency, and adaptability to industry dynamics, Elnusa is ready to move forward in
delivering reliable total energy service solutions.

About Elnusa (IDX: ELSA)
Elnusa is a subsidiary of PT Pertamina Hulu Energi (PHE), which is part of the Pertamina Upstream Subholding, operating in the field of integrated energy
services to provide total solutions. Elnusa has a DNA of resilience and innovation for over 55 years in the energy industry, with core competencies in upstream
oil and gas services, energy distribution and logistics services, as well as support services. The upstream oil and gas services line includes Geoscience &
Reservoir services (land, transition zone & marine, as well as data processing), drilling & field maintenance services (drilling & workover), engineering,
procurement, construction & operation maintenance (EPC-OM) services. The energy distribution and logistics services line includes fuel transportation
services, depot management, and chemical sales. The support services line includes marine support services, fabrication, and data management. Elnusa is
committed to implementing Corporate Governance in accordance with GCG principles to realize a highly competitive, continuously growing company and
provide sustainability for all stakeholders. For more information, please visit www.elnusa.co.id.