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250429 ESSA Press Release 1Q25 final.pdf
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ESSA’s Topline Shows Moderate Reduction in Q1 2025
Jakarta, 29 April 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 1Q25 revenue of USD 70 million (a moderate decrease of 6% YoY). The EBITDA
for the quarter was USD 25 million (a decrease of 20% YoY) while Net Profit attributed to the
Shareholders of the Company was recorded at USD 8 million (a reduction of 20% YoY). 1Q25
performance was primarily affected by lower gas supply to the ammonia plant due to maintenance at
the upstream gas supplier, thereby impacting the ammonia production.
Revenue (USD Million) EBITDA (USD Million) Net Profit* (USD Million)
ↆ6%
74 ↆ20%
70
32
25
ↆ20%
10
8
1Q24 1Q25 1Q24 1Q25 1Q24 1Q25
*Attributable to Shareholder of the Company
ESSA continues to maintain the highest standards of plant safety and reliability. The ammonia plant
completed 8.6 million cumulative manhours without Loss Time Injury (LTI), while the LPG plant clocked
6.1 million cumulative manhours without LTI (close to six years of continuous operation without a trip)
– a milestone. Ammonia and LPG prices were marginally down by 1% and 0.4% respectively as compared
to the corresponding 1Q24. Going ahead, ammonia prices are expected to remain range bound around
the 2024 levels.
Quarterly Revenue & EBITDA (USD Million) - TFQ Quarterly Ammonia & LPG Realized Price (USD/MT) - TFQ
77.8 78.5
71.3 628
69.6 623
586 581
35.7 357 368
30.0 31.3 334 341
25.2
2Q24 3Q24 4Q24 1Q25 2Q24 3Q24 4Q24 1Q25
EBITDA Revenue Ammonia Price LPG Price
Furthermore, ESSA declared 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 “Q1 2025
represented strong operational performance despite lower gas supply and a soft ammonia market.
Receiving the Proper Gold Award and CEO Green Leadership Award within only 6 years of starting
ammonia operations was a moment of immense pride for us.
As we move forward in 2025, we shall continue to dedicate significant efforts towards our sustainable
journey. This includes transforming our existing ammonia plant into a low carbon plant, with a target to
sequester ~1 million TPA CO2 starting in Q4 2028. ESSA, through its subsidiary PT ESSA SAF Makmur
(“ESM”), shall also set up a state-of-the-art greenfield manufacturing facility in Central Java to produce
up to ±200,000 MT per annum of Sustainable Aviation Fuel (SAF) with commercial operations expected
in Q1 2028”.
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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Pendapatan ESSA Mengalami Sedikit Penurunan pada Kuartal I 2025
Jakarta, 29 April 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 sebesar USD 70 juta pada Kuartal I 2025 (mengalami sedikit penurunan sebesar
6% YoY). EBITDA pada kuartal ini tercatat sebesar USD 25 juta (turun 20% YoY), sementara Laba Bersih
yang dapat diatribusikan kepada Pemegang Saham Perseroan tercatat sebesar USD 8 juta (menurun
20% YoY). Catatan kinerja pada Kuartal I 2025 ini terutama dipengaruhi oleh berkurangnya pasokan gas
ke pabrik amoniak akibat kegiatan pemeliharaan di pemasok gas hulu, sehingga berdampak pada
produksi amoniak.
Pendapatan (USD Juta) EBITDA (USD Juta) Laba Bersih* (USD Juta)
ↆ6%
74 ↆ20%
70
32
25
ↆ20%
10
8
1Q24 1Q25 1Q24 1Q25 1Q24 1Q25
*Yang dapat diatribusikan kepada Pemegang Saham Perseroan
ESSA terus mempertahankan standar tertinggi dalam keselamatan dan keandalan operasional pabrik.
Pabrik amoniak telah mencatat 8,6 juta jam kerja kumulatif tanpa Loss Time Injury (LTI), sementara pabrik
LPG mencatat 6,1 juta jam kerja kumulatif tanpa LTI (mencatat hampir enam tahun operasi berkelanjutan
tanpa gangguan) — sebuah pencapaian penting. Harga amoniak dan LPG masing-masing mengalami
sedikit penurunan sebesar 1% dan 0,4% dibandingkan catatan pada Kuartal I 2024. Ke depan, harga
amoniak diperkirakan akan tetap stabil dalam kisaran harga pada Tahun 2024.
Pendapatan Kuartalan & EBITDA (USD Juta) - Harga Realisasi Amoniak & LPG Kuartal (USD/MT) - TFQ
TFQ
77.8 78.5
71.3 628
69.6 623
586 581
35.7 357 368
30.0 31.3 334 341
25.2
2Q24 3Q24 4Q24 1Q25 2Q24 3Q24 4Q24 1Q25
EBITDA Pendapatan
Revenue Harga Amoniak
Ammonia Price Harga
LPG LPG
Price
Selain itu, ESSA telah mengumumkan pembagian dividen tunai sebesar Rp10 per saham, dengan total
sebesar Rp172,26 miliar (setara USD 10,3 juta) untuk Tahun Buku 2024, yang dibayarkan pada April
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
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2025. Jumlah dividen ini meningkat dua kali lipat dibandingkan sebelumnya, didukung oleh penurunan
beban utang yang signifikan dan perbaikan margin sepanjang Tahun 2024.
ESSA berkomitmen untuk mencapai manufacturing excellence, mendorong keberlanjutan lingkungan,
dan tetap berada di garis depan perkembangan industri. Kanishk Laroya – Presiden Direktur & CEO
ESSA, mengatakan, “Kuartal I 2025 menunjukkan catatan kinerja operasional yang solid meskipun
menghadapi pasokan gas yang lebih rendah dan kondisi pasar amoniak yang melemah. Kami juga
berhasil meraih Proper Emas dan CEO Green Leadership Award hanya dalam waktu enam tahun sejak
memulai operasi pabrik amoniak, sebuah pencapaian yang membanggakan bagi kami.
Melangkah lebih jauh di Tahun 2025, kami akan terus mendedikasikan upaya signifikan untuk perjalanan
keberlanjutan kami. Upaya tersebut termasuk transformasi pabrik amoniak kami saat ini menjadi pabrik
rendah karbon, dengan target untuk menangkap sekitar ~1 juta TPA CO₂ mulai Kuartal IV 2028. ESSA,
melalui anak perusahaannya PT ESSA SAF Makmur (“ESM”), juga akan membangun fasilitas manufaktur
greenfield berteknologi tinggi di Jawa Tengah untuk memproduksi hingga ±200.000 MT per tahun
Sustainable Aviation Fuel (SAF), dengan target operasi komersial pada Kuartal I 2028.”
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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