20250109_ELSA_Laporan Informasi dan Fakta Material_31844462_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 Demonstrates Outstanding Performance in 2024,
 Strengthening Its Position in the National Energy Services Industry
Jakarta, 8 January 2025 – PT Elnusa Tbk closed 2024 with remarkable performance achievements. With a spirit of collaboration and innovation, Elnusa continues to
solidify its position in the national energy services industry, contributing to sustainable development and supporting the government’s energy security targets.

By the third quarter of 2024, Elnusa recorded a net profit of IDR 551 billion, a 35% increase compared to IDR 407 billion during the same period the previous year. The
net profit margin (NPM) also rose to 5.7% from 4.5%. This growth is attributed to the successful implementation of business portfolio diversification strategies and a
focus on asset optimization.

On the business and operational front, Elnusa successfully executed several strategic programs throughout 2024. In the upstream oil and gas services sector, Elnusa
completed various seismic projects, including 3D South East Balam Seismic covering 193 km² of the 383 km² total in PHR, 3D Kepuh Seismic spanning 257 km² of the
501 km² total, and 2D Amalia Seismic covering 234 km in PEP. Other projects include the extension of 2D Amalia Seismic with 155 km in PHE, 3D Offshore Bone Seismic
covering 1,521 km² in PHE, and 3D North Ketapang Seismic for Petronas, spanning 360 km².

Furthermore, innovation in utilizing High Performance Water-Based Mud at Zone 1 North in the Securai-016/A2 well demonstrated Elnusa's reliable technical
capabilities. A new CO Log unit was deployed in October 2024 at PEP, while nine well-testing units were optimally utilized in PHSS projects. Other ongoing activities
include 2D and 3D seismic surveys at coal mining concessions, Medco E&P, and Lisaman, as well as well maintenance operations using wireline, slickline, coiled tubing,
cementing, and other tools across various Regional Subholding Upstream locations. In the EPC and Operation & Maintenance sectors, Elnusa secured new contracts
worth IDR 272.4 billion for Booster Pump Packages 1 & 3 at Pertagas and completed the 2024 TAR project for PHE Jambi Merang on schedule.

In the energy distribution and logistics sector, Elnusa achieved a 5% increase in throughput volume compared to the previous period. This growth was driven by the
expansion of fuel transportation, depot management, and RBB businesses across EPN operations. The successful blending strategy for B35 products, utilizing multi-
sourcing from Pertamina International Refinery and imports at the Palaran depot, played a crucial role. Strategic collaborations with polymer and surfactant suppliers
were also initiated to drive chemical business expansion. An additional 31 new projects across various segments further strengthened Elnusa’s energy distribution and
logistics portfolio.

In support services, Elnusa, through its subsidiary SCU-PND, managed 257 on-hand contracts with a 95% asset utilization rate, covering warehouse, data management,
and ICT services. Meanwhile, Elnusa Trans Samudera achieved an 80% asset utilization rate with 22 non-asset-based project contracts, maintaining zero incidents (zero
LTI & TRIR) for over 2.8 million manhours. The OCTG business unit under Elnusa Fabrication Construction resumed activities after a comprehensive evaluation. Strategic
projects such as tanker truck bodywork services and blanket order construction in the JTB Pertamina EP Cepu area further supported the unit's performance.

Frida Lidwina, Corporate Secretary of Elnusa, expressed optimism about the challenges ahead in 2025, saying, “We are confident in facing 2025 by continuing to
prioritize innovation, efficiency, and sustainability. Our gratitude goes to all employees, partners, and stakeholders who have been integral to Elnusa’s journey.
Together, we will continue to contribute to the advancement of Indonesia’s energy services industry.”

Elnusa is poised to continue its role as a strategic partner in supporting national energy security and sustainable development. Through sustained innovation, strong
collaboration, and a commitment to social responsibility, Elnusa is optimistic about delivering positive contributions to society, the environment, and the energy
services industry in the years ahead.


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.