PT Perusahaan Gas Negara Tbk Class B ( (PPAAF) ) has released its Q1 earnings. Here is a breakdown of the information PT Perusahaan Gas Negara Tbk Class B presented to its investors.
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PT Perusahaan Gas Negara Tbk is a leading Indonesian company engaged in the trading and transmission of natural gas, primarily serving industrial, commercial, and household sectors. The company is a significant player in the energy sector, with a focus on natural gas distribution and related services.
In the latest earnings report for the quarter ending March 31, 2025, PT Perusahaan Gas Negara Tbk reported revenues of $966.56 million, showing a slight increase from the previous year. The company’s gross profit stood at $140.61 million, although operating profit decreased to $105.87 million compared to the previous year.
Key financial highlights include a net profit of $90.19 million, down from $145.41 million in the same period last year. The company experienced a decrease in earnings per share to $0.003 from $0.005. Despite the decline in net profit, the company managed to generate a positive cash flow from operating activities amounting to $244.44 million.
The company’s financial position remains robust with total assets increasing to $6.54 billion from $6.42 billion at the end of 2024. The equity attributable to the owners of the parent entity also saw an increase, indicating a stable financial foundation.
Looking ahead, PT Perusahaan Gas Negara Tbk remains focused on its strategic initiatives to enhance operational efficiency and expand its market presence. The management is optimistic about future growth opportunities in the natural gas sector, aiming to leverage its strong market position to drive long-term value for shareholders.