20250321_ELSA_Laporan Informasi dan Fakta Material_31870350_lamp2.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
 Elnusa Records Positive Financial Performance in 2024, Net
                   Profit Soars 42% YoY
Jakarta, March 21, 2025 – PT Elnusa Tbk (ELNUSA, IDX: ELSA), a subsidiary of PT Pertamina Hulu Energi (PHE) under Pertamina's Upstream
Subholding, once again recorded positive performance throughout 2024 with a significant increase in net profit. The company posted a net
profit of IDR 713.67 billion, marking a 42% Year on Year (YoY) growth compared to the previous year's figure of IDR 503.13 billion.

This growth aligns with an increase in operating revenue, reaching IDR 13.39 trillion in December 2024, a 7% rise from IDR 12.56 trillion in
2023.

This achievement was driven by strong contributions from Elnusa’s three main business lines: energy distribution & logistics sales and
services, which accounted for the largest share at 51%, followed by integrated upstream oil and gas services at 38%, and supporting oil and
gas services at 11%. This performance improvement reflects the successful implementation of operational optimization and efficiency
strategies, further strengthening the company’s business fundamentals.

In line with the positive performance throughout 2024, Elnusa significantly increased its year-end cash position to IDR 2.95 trillion, a 42%
rise from the previous year’s IDR 2.08 trillion. Elnusa’s EBITDA grew by 13% to IDR 1.45 trillion compared to the same period in 2023, with
the EBITDA margin improving from 10% to 11%.

Elnusa’s Finance Director, Stanley Iriawan, stated, “This increase in ending cash reflects financial resilience and more optimal cash flow
management, enabling Elnusa to remain flexible in supporting business expansion while navigating future energy industry dynamics.
Operating cash flow also improved to IDR 1.75 trillion, up from the previous year’s IDR 1.39 trillion, indicating enhanced operational
efficiency and better working capital management strategies,” said Stanley.

Specifically, within the integrated upstream oil and gas services segment, significant growth was recorded in the Geoscience & Reservoir
Services (GRS) and Engineering, Procurement, Construction, Operation & Maintenance (EPCOM) business lines. The GRS business line
contributed to a remarkable 85% YoY increase in operating revenue, accompanied by a 138% YoY rise in gross profit.

Meanwhile, EPCOM also experienced a 33% increase in operating revenue, with a 7% YoY growth in gross profit. These improvements
highlight the success of the company’s strategy in energy project management, emphasizing cost efficiency and operational quality.

On the other hand, the energy distribution & logistics sales and services segment also demonstrated solid performance. Nearly all business
units contributed positively, particularly in Transportation, Fuel Petrochemical Services, Joint Operation & Infrastructure, as well as Fuel
and Lubricant Retail. Net profit from this segment grew by 21% compared to the previous year. This growth was driven by operational
efficiencies, an increase in project volumes, and heightened public activity, leading to greater consumption of fuel and aviation fuel (Avtur).

Stanley added, “These achievements reflect Elnusa’s resilience as an energy services company capable of overcoming the challenges of the
dynamic energy industry while reaffirming our commitment to continuous innovation, asset optimization, and service expansion to
enhance competitiveness for sustainable growth.”