20241030_ELSA_Laporan Informasi dan Fakta Material_31750880_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
 Elnusa Posts Positive Performance in Q3 2024 with 35% YoY
                      Net Profit Growth
Jakarta, 30 October 2024 – PT Elnusa Tbk (ELNUSA, IDX: ELSA) has once again demonstrated solid performance in the third quarter of 2024
with significant improvements across various financial indicators. Elnusa’s net profit reached IDR 551 billion, a 35% increase compared to
IDR 407 billion in the same period in 2023. Additionally, the net profit margin (NPM) rose to 5.7% from 4.5%.

In terms of consolidated revenue, Elnusa recorded IDR 9.6 trillion as of September 30, 2024, a 7% growth compared to IDR 8.9 trillion in
the same period last year. The revenue was primarily driven by the Energy Distribution & Logistics segment, contributing 50%, followed by
Upstream Oil and Gas Services at 39%, and Supporting Services at 11%.

Elnusa’s President Director, Bachtiar Soeria Atmadja, highlighted that this performance improvement resulted from the company’s strategy
of business portfolio diversification and asset optimization. “Our strong performance has been supported by increased profitability across
all segments, which complement one another. We continue to make targeted investments and maintain efficiency to respond effectively
to industry challenges,” said Bachtiar.

Elnusa’s EBITDA grew by 14% to IDR 1.1 trillion compared to the same period in 2023, with the EBITDA margin increasing from 11.2% to
11.9%. On the balance sheet, the company’s total assets rose by 8% to IDR 10.4 trillion as of the end of September 2024. The company’s
cash and cash equivalents stood at IDR 2.6 trillion, a 40% increase from IDR 1.8 trillion in the previous year.

Capital expenditure (Capex) realization also progressed according to plan, reaching IDR 302 billion by September 2024, or 57% of the IDR
526 billion target for the year. Capex investments were directed toward various sectors, including Geophone, Mobile Welltest & Wireline
Cable for upstream services, fuel tank vehicles to support energy distribution, and dredging barges to bolster upstream business operations.

“We are optimistic about maintaining this positive performance through the end of 2024 by strengthening our business strategies and
focusing on innovation and collaboration,” Bachtiar concluded.

With this positive momentum, Elnusa remains committed to maximizing the potential of human capital and technology while ensuring the
effective allocation of capital expenditure to meet the challenges of a dynamic and complex industry. Elnusa aims to not only strengthen
its position in the energy sector but also contribute positively to Indonesia’s economy.

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 54 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.