PT Elnusa Tbk (ELSA) reported that the realization of capital expenditure (capex) reached Rp566 billion throughout 2025 or equivalent to 95 percent of the target of Rp594 billion.
Elnusa's Finance Director, Nelwin Aldriansyah, said the investment was directed towards technology modernization, asset reliability improvement, and operational efficiency to strengthen competitiveness in the energy services industry.
This investment step is supported by solid fundamental performance, with revenue reaching IDR 14.5 trillion, EBITDA IDR 1.5 trillion, and net profit of IDR 718 billion in 2025, thus providing room for the company to continue to expand service capacity while capturing growth opportunities in the energy industry in the future.
Nelwin said that the Company's Capex investment was made selectively to support the increase in service capacity and strengthen competitiveness in the energy services industry.
"Strengthening assets and technology is one of Elnusa's strategic priorities to maintain service reliability while opening up new contract opportunities. With a stronger asset base and healthy financial management, we are optimistic that Elnusa is in a better position to take advantage of the growth momentum of the energy industry," he said in a statement, Wednesday, March 11.
Throughout 2025, the Company's Capex is allocated to strengthen capabilities in various business segments such as the Integrated Upstream Oil and Gas Services segment, where investments are focused on the procurement of Coiled Tubing Units, Cementing Units, and Seismic Nodes to increase the capacity of well intervention and seismic survey services.
Meanwhile, in the Distribution & Logistics Energy Goods & Services Sales segment, Elnusa added a fleet of fuel tank cars to strengthen the national energy distribution network.
Meanwhile, in the Oil and Gas Support Services segment, the Company strengthened its maritime fleet, including hopper barges and docking barges, as well as the development of workshop and warehouse facilities in Batam to increase operational readiness.
He also said that strengthening supporting infrastructure was carried out through the development of the Duri warehouse, the improvement of firefighting facilities at the BSD WHS, and the strengthening of operational communication systems.
Nelwin said that Elnusa's business portfolio continued to show resilience with the largest contribution coming from the Energy Distribution & Logistics Goods & Services Sales segment of 60 percent, followed by the Integrated Upstream Oil and Gas Services segment of 28 percent, and Oil and Gas Support Services of 12 percent.
Meanwhile, on the balance sheet side, the Company recorded total assets of IDR 10.9 trillion and equity of IDR 5.3 trillion with a Net Profit Margin maintained at 5 percent.
He conveyed the market's confidence in the Company's fundamentals was also reflected in the performance of ELSA's shares which had recorded the highest level since the IPO and an increase in the credit rating from PEFINDO to idAA+, which reflected the increasingly strong credit risk profile and positive business prospects.
Looking ahead, Nelwin said Elnusa will continue to implement a disciplined and selective investment strategy with a focus on strengthening technology, optimizing assets, and increasing operational efficiency.
"With a solid financial foundation and an increasingly diversified business portfolio, the Company is optimistic that it can maintain the momentum of growth while creating sustainable value for shareholders and supporting national energy resilience," he concluded.
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