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Elnusa net profit climbs 29% to Rp681.5 billion

Goods sales and energy distribution and logistics services accounted for 62% of revenue, the company's largest business contribution.

By Maya Santos

Industrial pipes and equipment at an energy services facility
Photo: CNBC Indonesia

PT Elnusa Tbk (ELSA), an Indonesian energy services provider, posted a 29% year-on-year increase in net profit to Rp681.5 billion, according to the company. Revenue grew by 16% to Rp12.1 trillion.

The company's EBITDA reached Rp1.3 trillion after rising 28%. It recorded a net profit margin of 5.6%, which was 12% higher than in the corresponding period a year earlier.

Finance director Nelwin Aldriansyah attributed 62% of revenue to goods sales and energy distribution and logistics services. Integrated upstream oil and gas services supplied another 30%, while supporting oil and gas services made up 8%.

Elnusa's balance sheet at the end of September 2026 showed Rp11.7 trillion in assets alongside Rp5.7 trillion in equity. The company reported positive operating cash flow of Rp522.9 billion, with its cash and cash equivalents at Rp2.1 trillion by that date.

For the 2025 financial year, shareholders received Rp44.29 per share in dividends, representing a 45% payout ratio. Elnusa said its late-2026 growth priorities were closer cooperation across Pertamina Group and faster development of markets beyond its captive customers.

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