20260428_ELSA_Laporan Informasi dan Fakta Material_32074784_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 Records Resilient Q1 2026 Performance, Strengthening Cash Flow and
               Solid Fundamentals Amid Energy Industry Dynamics
Jakarta, 28 April 2026 – PT Elnusa Tbk (IDX: ELSA), a subsidiary of Pertamina Upstream Subholding, recorded a resilient performance in the first quarter of
2026, underscored by a strong focus on earnings quality and cash flow strengthening. Amid volatility in the energy industry, Elnusa demonstrated its ability to
sustain profitability while enhancing financial flexibility as a foundation for sustainable long-term growth.

During the period, Elnusa posted revenue of IDR 3.6 trillion, with net profit reaching IDR 190 billion, representing a 2% year-on-year (YoY) increase. Net Profit
Margin improved to 5.2%, reflecting cost discipline and enhanced margin quality. EBITDA reached IDR 423 billion, growing 7% YoY, indicating more efficient
and stable operational performance.

The company’s key performance strength during the quarter was reflected in operating cash flow (CFO), which increased significantly to IDR 1.04 trillion, up
267% YoY. Cash and cash equivalents strengthened to IDR 3.39 trillion as of the end of March 2026, representing a 15% YoY increase, providing greater
liquidity resilience while supporting selective expansion initiatives.

From a portfolio perspective, the energy distribution and logistics sales segment remained the largest contributor, accounting for 64% of total revenue, followed
by integrated upstream oil and gas services at 28%, and supporting oil and gas services at 8%. This composition highlights the resilience of Elnusa’s diversified
business model, which serves as an effective buffer against industry cycle fluctuations.

On the balance sheet side, as of the end of March 2026, total assets reached IDR 11.0 trillion, growing 1% year-to-date (YtD), while equity increased to IDR
5.5 trillion, up 4% YtD. These improvements reflect Elnusa’s consistent efforts to strengthen its capital structure and maintain long-term financial soundness.
Elnusa’s Finance Director, Nelwin Aldriansyah, stated that the company’s main focus remains on maintaining a balance between growth and performance quality.

“We see Q1 2026 as a strong foundation, particularly in terms of cash flow and operational efficiency. Going forward, financial discipline and investment
selectivity will be key to ensuring healthy and sustainable growth,” he said.

Elnusa continues to accelerate operational excellence through a combination of purpose-driven technology investments and strategic asset upgrades. The
deployment of 25,000 Stryde Nodes in the Tedong Seismic Project, Central Sulawesi, demonstrates the adoption of wireless technology to enhance data
accuracy and survey efficiency. To further strengthen exploration and production service capabilities, the Company is planning strategic investments including
Ultra Sonic CBL Tools, modernization of EWL Truck units, and other advanced equipment aimed at ensuring well integrity and delivering greater value through
improved service quality.

Within the specialized services segment, the Company is developing new competencies through planned investments in fracturing units, supported by partnerships
with technology providers and service companies. These initiatives include the development of laboratories and a fracturing school during Q2–Q3, ensuring
workforce readiness to support national oil and gas production targets. Concurrently, synergies with Pertamina’s Technology Innovation & Implementation (TI&I)
function and Pertamina Hulu Energi continue to be strengthened in the development of technologies such as Vibroseis EOR and Inline Inspection (ILI) tools, aimed
at ensuring the reliability of national oil and gas pipelines while achieving long-term operational cost efficiencies.

With solid financial fundamentals, strong liquidity, and a disciplined investment strategy, Elnusa is well positioned to navigate the dynamics of the energy
industry throughout 2026. The Company remains committed to creating long-term value for shareholders while consistently contributing to the sustainability of
Indonesia’s national energy security.

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 56 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.