20240801_ELSA_Laporan Informasi dan Fakta Material_31689854_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 Net Profit of IDR 443 Billion in Semester I 2024,
                           Grows 77% YoY
Jakarta, 31 July 2024 - PT Elnusa Tbk (ELNUSA, IDX: ELSA) a subsidiary of PT Pertamina Hulu Energi (PHE) which is part of the Pertamina
Upstream Subholding, recorded operating revenues of IDR 6.3 trillion, growing 8% year on year in the same semester. With this
achievement, the company posted a net profit of IDR 443 billion, growing 77% compared to the same period the previous year.

In this period, the consolidated operating revenues were contributed through the Energy Distribution and Logistics service segment by
50%, Upstream Energy services 41% and Energy Support services 9%. Meanwhile, Upstream Energy services showed aggressive growth,
making the composition of the Upstream and Downstream segments balanced.

Elnusa's President Director, Bachtiar Soeria Atmadja said, "Alhamdulillah, in the first six months of 2024, Elnusa was able to record solid
financial performance. In the Upstream Energy service segment, revenue growth was driven by the performance of Geoscience &
Reservoir Services/ Seismic, in addition to being supported by growth in oil and gas well management and maintenance services Drilling
Workover & Well Intervention. On the other hand, in the Energy Distribution and Logistics service, the contribution of business revenue
came from the BBM Transportation and Depot management sub-segments," said Bachtiar.

"The Company's net profit growth in the first semester of 2024 was contributed the most by the Upstream Energy service segment and
followed by the Energy Distribution and Logistics service segment and there were implications for the accounting of interest income,"
said Bachtiar.

In addition, the number of assets increased by 13% from IDR 9.2 trillion as of June 2023 to IDR 10.5 trillion in June 2024. Then the number
of the Company's liabilities also increased by 14% compared to the same period the previous year from IDR 5.1 trillion to IDR 5.8 trillion
as of June 30, 2024, the increase in the number of assets and liabilities was in line with the increase in operating activities. Meanwhile,
the Company also recorded an increase in equity of IDR 4.6 trillion in June 2024, from IDR 4.1 trillion in the same period in 2023, this
increase shows the financial health and the company's ability to continue to grow and develop.

The Company's performance achievements are also accompanied by significant growth in stock performance. Until the period of July 26,
2024, ELSA's stock performance year to date grew by +34%, market capitalization reached IDR 3.8 trillion. Until July 26, ELSA's share price
touched its highest level at IDR 545 on Thursday's trading day (18/07).

Bachtiar added, "The increase in Elnusa's net profit growth in the first semester of 2024 shows that our business portfolio diversification
strategy is going well. We fully understand that the challenges and obstacles in the energy industry today and in the future will be
increasingly dynamic, but we will always be optimistic in seeing this situation as an opportunity for Elnusa's business, we will learn to surf
any waves, and continue to strive to provide the best for our shareholders and stakeholders. Thank you to all Elnusa Officers for their
dedication and hard work that have led to improved company performance," concluded Bachtiar.

About Elnusa (IDX: ELSA)
PT Elnusa Tbk (Elnusa) is a subsidiary of PT Pertamina Hulu Energi (PHE) which is part of the Pertamina Upstream Subholding, which operates in the field
of integrated energy services to provide total solutions. Elnusa has DNA of Resilience and innovation for more than 54 years in the energy industry, has
core competencies in upstream oil and gas services, energy distribution and logistics services and supporting services. The upstream oil and gas service line
includes Geoscience & Reservoir services (land, transition zone & marine and data processing), drilling & oil and gas field maintenance services (drilling &
workover), engineering, procurement, construction & operation maintenance (EPC-OM) services. The energy distribution and logistics service line includes
fuel transportation services, depot management and chemical sales. The supporting service line includes marine support services, fabrication, and data
management. Elnusa continues to be committed to implementing Corporate Governance in accordance with GCG and ESG principles to create a company
that is highly competitive, continues to grow and provides sustainable benefits for all stakeholders. Further information can be accessed at
www.elnusa.co.id