PT Elnusa Tbk (ELSA) recorded a net profit of IDR 435 billion throughout the first half of 2026 or jumped 29 percent compared to the same period last year.
The company also recorded business income of IDR 7.6 trillion, an increase of 9 percent year-on-year. This growth was followed by an increase in EBITDA of 16 percent to IDR 862 billion.
Elnusa's Chief Financial Officer, Nelwin Aldriansyah, said that the performance showed the effectiveness of the Company's strategy in optimizing the business portfolio, increasing asset productivity, and maintaining cost discipline in the midst of energy industry dynamics.
"Higher profit growth compared to revenue shows that Elnusa not only grows in terms of business volume, but also manages to improve the quality of revenue and operational efficiency. This is an important foundation for creating sustainable growth while increasing value for shareholders," said Nelwin in a statement to the media, Tuesday, July 28.
The improvement in performance quality is also reflected in the Net Profit Margin (NPM) which increased to 5.7 percent, or grew by around 19 percent compared to Semester I 2025.
This margin expansion reflects the Company's success in increasing profitability through disciplined cost management, asset utilization optimization, and increased business contributions with higher added value.
In terms of business portfolio, the Distribution and Logistics Energy Goods and Services Sales segment remains the main contributor with a share of 65 percent of the Company's revenue, followed by Integrated Upstream Oil and Gas Services of 27 percent and Oil and Gas Support Services of 8 percent.
Diversifying business along the energy industry value chain is one of Elnusa's competitive advantages in maintaining revenue stability while capturing growth opportunities from increased activity in the national energy sector.
Elnusa's financial fundamentals are also getting stronger with the success of maintaining the idAA+ credit rating from PEFINDO for two consecutive years.
The consistency of the rating upgrade since idAA- in 2022, idAA in 2023-2024, to idAA+ in 2025-2026 reflects the strengthening of the credit profile, healthy financial structure, and the Company's capacity to support sustainable business expansion.
Entering the second semester of 2026, Elnusa sees growth opportunities that remain promising as the industry's need for increasingly integrated, efficient, and technology-based energy services increases.
The Company continues to strengthen its capabilities in the upstream oil and gas services core business, expanding the use of innovation and technology, and optimizing cross-business line synergies to improve competitiveness and create new sources of growth.
"Elnusa has strong fundamentals to continue its growth momentum. With a diversified business portfolio, continuously growing technological capabilities, financial discipline, and a HSSE culture that is the foundation of operations, we are optimistic that we can maintain healthy growth, improve profitability, and provide sustainable returns for shareholders," concluded Nelwin.
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