Petrosea's Financial Performance Shows Significant Improvement

Strong Growth in Key Business Segments

PT Petrosea Tbk (PTRO) has demonstrated robust financial performance in the first nine months of 2025, driven by successful business expansion and strategic acquisitions. The company's net profit surged by 141.8% year-over-year to US$6.93 million, reflecting a significant turnaround in its financial health. Revenue also showed substantial growth, increasing by 18.42% YoY to US$603.84 million during the same period.

Business Segment Performance

The company's key business segments contributed significantly to its overall performance. The construction and engineering segment grew by 20% YoY to reach US$271.8 million, while the mining business segment saw a 28% YoY increase to US$267.1 million. These growth figures underscore the effectiveness of Petrosea's business diversification strategy and its ability to capitalize on market opportunities.

Balance Sheet Strength

As of September 2025, PT Petrosea's total assets stood at US$1.39 billion, providing a solid foundation for future growth. The company maintained a cash and cash equivalents balance of US$66.06 million, ensuring sufficient liquidity to support its operational needs and future investment plans.

Analyst Perspective

According to Harry Su, Managing Director of Research and Digital Production at Samuel Sekuritas Indonesia, the positive growth in Petrosea's performance can be attributed to its solid core business operations. The strong performance across key segments indicates a positive outlook for the company's future prospects, particularly following its recent acquisitions and strategic expansions.