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Narahubung:
Jayanty Oktavia Maulina (Anty)
Senior Manager Corporate Communications & Relation
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 Delivers Quality Growth, Net Profit Rises 29% While Supporting National Energy Resilience
Jakarta, 7 September 2026 – PT Elnusa Tbk (ELNUSA, IDX: ELSA), an integrated energy services company and part of Pertamina’s Upstream Subholding, enters the
second half of 2026 with solid business fundamentals. At its 2026 Public Expose, Elnusa outlined its strategy to sustain quality growth through operational excellence,
cost leadership, stronger technology and innovation, as well as optimized synergies and integrated solutions. The strategy is aimed at enhancing productivity and
competitiveness while creating sustainable value for customers and shareholders.

In the first half of 2026, Elnusa recorded IDR 7.58 trillion in operating revenues, up 8.9% year-on-year; EBITDA of IDR 862 billion, an increase of 16.2%; and net profit
of IDR 435 billion, up 29.2%. Profitability growth outpacing revenue growth also lifted the Company’s Net Profit Margin to 5.73%. Performance quality was further
supported by IDR 761 billion in cash flow from operating activities, up 16%, and a cash position of IDR 2.88 trillion. The Company also maintained its idAA+ corporate
rating from PEFINDO.

Director of Finance of PT Elnusa Tbk, Nelwin Aldriansyah, said the performance reflects Elnusa’s focus on not merely pursuing revenue growth, but also improving
the quality of growth and profitability. “Elnusa continues to strengthen its position as a strategic enabler and efficiency partner through integrated capabilities
spanning upstream operations to energy distribution and logistics, supported by a comprehensive ecosystem. With operational excellence as our foundation, we
continue to enhance asset productivity, strengthen technology and innovation, and optimize synergies to deliver increasingly efficient and competitive solutions.
These efforts form part of Elnusa’s contribution to supporting national energy self-reliance and resilience,” said Nelwin.

Elnusa’s business momentum is also supported by a strong contract portfolio. As of the end of the first half of 2026, the Company recorded IDR 18.8 trillion in carry-
forward contracts, comprising IDR 9.5 trillion in Integrated Upstream Oil & Gas Services, IDR 2.3 trillion in Oil & Gas Support Services, and IDR 7.0 trillion in Energy
Distribution & Logistics Products and Services. This portfolio provides visibility into future business activities, with revenue recognition continuing to follow the
respective schedules, scopes, and execution progress of each contract.

In addition to strengthening its core businesses, Elnusa continues to expand growth opportunities through technology, innovation, and market development. Third-
party customers accounted for 22% of revenue in the first half of 2026, complementing the Company’s established business base within the Pertamina Group
ecosystem. The development of capabilities such as STRYDE seismic acquisition technology, Chemical Enhanced Oil Recovery (CEOR), Pertapixel geospatial services,
and Road Traffic Control (RTC) is aimed at improving efficiency and productivity while delivering solutions to customer needs. This approach forms part of Elnusa’s
strategy to transform its technological capabilities and operational know-how into business opportunities and new sources of growth.

Elnusa’s competitive strength also lies in its ability to integrate services across the energy value chain. The Company’s portfolio encompasses geoscience & reservoir
services, drilling & workover, well intervention, EPC & operation maintenance, energy distribution and logistics, chemical services, marine support, fabrication, as
well as data management and ICT. This broad range of capabilities enables Elnusa to pursue cross-bundling opportunities and deliver more comprehensive and
efficient solutions to customers. Infrastructure development through the 37,500-kiloliter Palaran Fuel Terminal and the 2 × 1,500 MT Kolaka LPG Terminal represents
part of the implementation of these integrated capabilities.

This growth is pursued with disciplined investment. Investments are focused, among others, on strengthening upstream capabilities, Coiled Tubing Units, Cementing
Units, distribution fleets, Kolaka LPG Terminal infrastructure, as well as investments aimed at maintaining asset capacity and productivity. This approach reinforces
the Company’s principle that expansion and investment should be selectively directed toward capabilities that strengthen competitiveness and support long-term
growth.

Amid the ongoing transformation of the energy industry, Elnusa continues to place Health, Safety, Security & Environment (HSSE) and good corporate governance
at the foundation of its growth. The Company recorded a Total Recordable Incident Rate (TRIR) of 0.09, remaining below the IOGP Contractors’ average TRIR of 0.80,
while achieving an ASEAN Corporate Governance Scorecard (ACGS) score of 96.66, earning a “Very Good” rating. As a publicly listed company with 48.9% public
ownership, Elnusa is committed to pursuing every business development initiative prudently and transparently, with a strong focus on the Company’s sustainability
and the interests of all shareholders.

“Going forward, Elnusa will continue to strengthen operational excellence and cost leadership, optimize synergies across the Elnusa Group, and develop technologies
and innovations that are relevant to industry needs. With solid fundamentals, a strong contract portfolio, and integrated capabilities, we see opportunities to
continue growing in a healthy and competitive manner while contributing to greater industry productivity and national energy resilience,” concluded Nelwin.


About Elnusa (IDX: ELSA)
PT Elnusa Tbk (ELNUSA, IDX: ELSA) is an integrated energy services company that has been part of Indonesia’s energy industry journey for more than 56
years. As part of Pertamina’s Upstream Subholding, Elnusa delivers integrated solutions spanning upstream oil and gas services, energy distribution and
logistics products and services, as well as energy support services that contribute to the national energy value chain. Elnusa’s upstream oil and gas services
include geoscience & reservoir services, drilling and well services, and engineering, procurement, construction & operation maintenance (EPC-OM). In its
energy distribution and logistics products and services segment, Elnusa provides fuel transportation, depot management, and chemical sales, while its
supporting services include marine support, fabrication, and data management. Driven by innovation, operational excellence, and good corporate
governance, Elnusa continues to create sustainable value for all stakeholders. Further information can be accessed at www.elnusa.co.id


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