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ESSA Press Release 1Q26.pdf

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Page 1
             ESSA Delivers Stellar 1st Quarter Results with Surge in Both
                             Top Line and Bottom Line


         Jakarta, April 29 2026 — PT ESSA Industries Indonesia Tbk (“ESSA”), a publicly listed
         company engaged in the Energy and Chemicals sector through its LPG (Liquefied Petroleum
         Gas) refinery and Ammonia plant, started 2026 on a strong footing - supported by a strong
         market and backed by its robust operational performance. The top line increased by 37% YoY,
         while the Gross Profit doubled and the Net Profit surged by 131%. This was primarily driven
         by increase in ammonia prices and higher ammonia dispatch on the back of increased
         production - reiterating ESSA’s philosophy to prioritize asset reliability and efficiency to
         strengthen and leverage its competitive position within the global supply chain.

                    Revenue (USD Million)              EBITDA (USD Million)            Net Profit* (USD Million)

                                        ↑37%                         ↑82%
                                                                    46
                                        95

                           70
                                                         25                                                  ↑131%
                                                                                                             19
                                                                                               8


                          1Q25      1Q26                1Q25       1Q26                    1Q25            1Q26
                                                                                    *Attributable to Shareholder of the Company



         Both ammonia and LPG prices, which showed a gradual increase since last quarter of 2025,
         accelerated after the geopolitical tensions in the Middle East. While ammonia prices increased
         34% YoY to USD 455/MT, LPG prices declined by 14% YoY, but showed a QoQ increase of 11%
         in Q1 2026 to USD 537/MT

            Quarterly Revenue & EBITDA (USD Million) - TFQ           Quarterly Ammonia & LPG Realized Price (USD/MT) - TFQ




                                               94.7     95.2

                                                                      600
                   68.0                                                              529                                      537
                                 62.8                                                                     483
                                                                                                                              455
                                                                                                           405

                                                                      288            309
                                               45.3     46.0
                   24.1          24.5

                  2Q25           3Q25          4Q25     1Q26         2Q25           3Q25                 4Q25                1Q26

                                  EBITDA     Revenue                               LPG Price           Ammonia Price




PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940, Indonesia                                                                                                          Page 1 of 5
Page 2
         Discipline in Operations and Maintenance

         Amid geopolitical uncertainty, ESSA continues to steer its growth trajectory by leveraging
         strong operational capabilities and high plant reliability. Ammonia production increased by
         16% YoY as the upstream gas supply disruption was fully resolved towards end of 2Q25,
         enabling the plant to reach a utilization rate of 121% in 1Q26 compared to 104% in 1Q25.

         Kanishk Laroya – President Director & CEO of ESSA said “We have been able to maximize
         our production to capture the market upside. This is a testament to how we operate and
         maintain our plants to ensure a high utilization rate without compromising on the plant’s
         safety and reliability. In May this year, our ammonia plant will be taking a scheduled Plant
         Turnaround for 35-40 days. This is a critical part of ESSA’s maintenance cycle to ensure long-
         term asset safety, reliability and efficiency following the last comprehensive turnaround
         completed in 2021.”


         For further information, please visit our website www.essa.id or contact:

            Shinta Siringoringo                             M. Aditya
            Corporate Secretary                             Media Relations Team
            Phone: +62 21 2988 5600                         Phone: +62 812 9548 6465
            Email: corpsec.eii@essa.id                      Email: investor.relation@essa.id




PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940, Indonesia                                                                            Page 2 of 5
Page 3
                ESSA Catat Kinerja Solid di Kuartal I dengan Peningkatan
                                 Pendapatan dan Laba


         Jakarta, 29 April 2026 — PT ESSA Industries Indonesia Tbk (“ESSA”), perusahaan tercatat
         yang bergerak di sektor Energi dan Kimia melalui kilang LPG (Liquefied Petroleum Gas) dan
         pabrik amoniak, mengawali Tahun 2026 dengan kinerja yang kuat, didukung kondisi pasar
         yang solid serta performa operasional yang tangguh. Pendapatan Perseroan meningkat 37%
         secara tahunan (YoY), sementara laba kotor meningkat berlipat ganda dan laba bersih
         melonjak 131%. Pencapaian ini terutama didorong oleh kenaikan harga amoniak serta
         peningkatan volume pengiriman amoniak dan peningkatan produksi. Hal ini menegaskan
         filosofi ESSA dalam memprioritaskan keandalan aset dan efisiensi operasional guna
         memperkuat serta mengoptimalkan posisi kompetitif Perseroan dalam rantai pasok global.

                     Pendapatan (USD Juta)                   EBITDA (USD Juta)                      Laba Bersih* (USD Juta)


                                        ↑37%                              ↑82%
                                                                         46
                                        95

                           70
                                                                 25                                                   ↑131%
                                                                                                                      19
                                                                                                          8


                          1Q25      1Q26                    1Q25       1Q26                           1Q25          1Q26
                                                                                 *Yang dapat diatribusikan kepada Pemegang Saham Perseroan



         Harga amoniak dan LPG yang telah menunjukkan tren peningkatan sejak kuartal terakhir 2025,
         semakin menguat seiring meningkatnya ketegangan geopolitik di Kawasan Timur Tengah.
         Harga amoniak naik 34% secara tahunan (YoY) menjadi USD 455/MT. Sementara itu, harga
         LPG turun 14% YoY, namun meningkat 11% secara kuartalan (QoQ) pada Kuartal I 2026
         menjadi USD 537/MT.

                Pendapatan Kuartalan & EBITDA (USD Juta) - TFQ               Harga Realisasi Amoniak dan LPG Kuartalan (USD/MT) - TFQ




                                               94.7          95.2

                                                                           600
                   68.0                                                                         529                                   537
                                 62.8                                                                              483
                                                                                                                                      455
                                                                                                                    405

                                                                           288                  309
                                               45.3          46.0
                   24.1          24.5

                  2Q25           3Q25          4Q25         1Q26          2Q25                 3Q25               4Q25                1Q26

                                  EBITDA     Revenue                                          LPG Price          Ammonia Price


PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940, Indonesia                                                                                                               Page 3 of 4
                                                                                                                                       5
Page 4
         Disiplin Operasional dan Pemeliharaan

         Di tengah ketidakpastian kondisi geopolitik, ESSA terus mengarahkan pertumbuhannya
         dengan memanfaatkan kapabilitas operasional yang kuat serta tingkat keandalan pabrik yang
         tinggi. Produksi amoniak meningkat 16% secara tahunan (YoY) karena gangguan pasokan gas
         hulu yang telah sepenuhnya teratasi pada akhir Kuartal II 2025, sehingga meningkatkan
         utilisasi pabrik sebesar 121% pada Kuartal I 2026 dibandingkan 104% pada Kuartal I 2025.

         Kanishk Laroya – Presiden Direktur & CEO ESSA mengatakan “Kami dapat memaksimalkan
         produksi untuk menangkap momentum positif pasar. Hal ini mencerminkan bagaimana kami
         mengoperasikan dan melakukan pemeliharaan pabrik guna memastikan tingkat utilisasi yang
         tinggi tanpa mengorbankan aspek keselamatan dan keandalan pabrik. Pada bulan Mei tahun
         ini, pabrik amoniak kami akan menjalani Plant Turnaround terjadwal selama 35–40 hari.
         Kegiatan ini merupakan bagian penting dari siklus pemeliharaan ESSA untuk memastikan
         keselamatan, keandalan, dan efisiensi aset dalam jangka panjang, setelah turnaround
         komprehensif terakhir yang dilaksanakan pada Tahun 2021.”



         Untuk informasi lebih lanjut, kunjungi website kami www.essa.id atau hubungi

           Shinta Siringoringo                        M. Aditya
           Corporate Secretary                        Media Relations Team
           Phone: +62 21 2988 5600                    Phone: +62 812 9548 6465
           Email: corpsec.eii@essa.id                 Email: investor.relation@essa.id




PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor
Jl. Prof. Dr. Satrio Kav. 3-5
Jakarta 12940, Indonesia                                                                       Page 4 of 4
                                                                                               5

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Names mentioned 6 people and organisations named in the text · linked when the evidence is strong

linked org PT ESSA Industries Indonesia Tbk p.1 ×11
linked person Kanishk Laroya p.2 ×2
possible org DBS Bank p.1 ×4
possible person Prof. Dr. Satrio p.1 ×4
unresolved org Industries Indonesia Tbk p.1 ×6
unresolved person Media Relations Team · Corporate Secretary p.2 ×2

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