Chandra Asri’s nine-month profit falls 78.4% despite higher revenue
The Indonesian petrochemical company reported rising production costs and no repeat of a US$1.81 billion bargain-purchase gain recorded a year earlier.
Indonesian petrochemical company PT Chandra Asri Pacific Tbk reported US$279.81 million in profit attributable to owners of the parent for the first nine months of 2026, down 78.4% from US$1.30 billion a year earlier.
Revenue increased 60.5% to US$8.19 billion from US$5.10 billion, according to its unaudited consolidated financial statements for the period ended 30 September 2026, filed with the Indonesia Stock Exchange on 30 October.
Raw materials used and production and manufacturing expenses rose 40.77% to US$7.23 billion from US$5.13 billion. Depreciation, selling expenses, and general and administrative expenses also increased, weighing on earnings.
The company recorded no bargain-purchase gain in the latest period, compared with US$1.81 billion a year earlier. Total profit for the period fell 76.12% to US$394.93 million from US$1.65 billion.
Assets reached US$14.22 billion at the end of September 2026, an increase of 15.4% from US$12.32 billion at the end of 2025.
