Petrosea's Financial Performance Shows Strong Improvement Post-Acquisition

Enhanced Profitability and Revenue Growth

PT Petrosea Tbk (PTRO) has demonstrated a significant turnaround in its financial performance for the nine months ending September 2025. The company reported a 141.8% year-over-year increase in net profit, reaching US$6.93 million. This improvement was primarily driven by an 18.42% YoY growth in revenue to US$603.84 million, particularly from its construction & engineering and mining segments.

Key Financial Highlights

As of September 2025, PTRO's total assets stood at US$1.39 billion, indicating a solid financial foundation. The company's cash and cash equivalents were recorded at US$66.06 million, providing sufficient liquidity for operational needs and future investments. The enhanced financial performance is attributed to effective cost management and strategic business expansion.

Analyst Insights

According to Muhammad Wafi, Head of Research at PT Korea Investment and Sekuritas Indonesia (KISI), the improved performance was influenced by a combination of increased volume and operational efficiency. This positive outlook suggests a promising trajectory for PTRO as it continues to leverage its strengthened business fundamentals and expansion strategies.