Business
PT Energi Mega Persada Tbk : EMP recorded higher profit in Q1 2025
PT Energi Mega Persada Tbk : EMP recorded higher profit in Q1
About this update from Pt Energi Mega Persada Tbk
[{"type":"text","content":"\n emp\n \n \n PressRelease\n \n \n EMP recorded higher profit in Q1 2025\n \n \n \n Jakarta, 3o April 2025\n \n \n PT Energi Mega Persada Tbl‹ (\"EMP\" or \"the Company\") today reported its OU 2o25 production and financial results. The Company showed growth in its YoY performance. Net Sales went up by 20% from US$97 million to US$117 million. EBITDA grew by 11% from US$65 million to USS72 million. Net Profit was also up slightly by 2% from US$17.66 million to US$17.95 million.\n \n \n Similarly, EMP's oil and gas production showed pretty good growth on the Year on Year basis. Gross oil production increased by 23% from 6,882 barrels per day to 8,479 barrels per day. Gross gas output also went up by 18% from 192 million cubic feet per day to 226 million cubic feet per day.\n \n \n Syailendra S. Bakrie, EMP's President Director DCEO, said,\"EMP's increased oil and gas output Year on Year is due to our successful acquisition of the 3 producing assets in Sengkang(gas), Sial‹(oil), and ltampar (oil). We hope to continue growing production from these assets. After such acquisition our production mix is around 82% gas and 18% oil.\"\n Edoardus Ardianto, EMP's Vice President Director D CFO, added,\" In addition to our acquisition strategy, we also continue to grow our business organically. Bentu and Sengkang remain as our main gas output contributors, while Malacca, Siak, and ltampar will drive our oil production increase going forward.\"\n \n Financial Highlights (US$)\n \n \n Net Safes\n \n \n $97,279,717\n \n \n $117,045,214\n \n \n 20%\n \n \n EBITDA\n \n \n $65,761,839\n \n \n $72,768,272\n \n \n 11%\n \n \n Net Profit\n \n \n $17,669,704\n \n \n $17,958,002\n \n \n 2%\n \n \n Gross Oil Production per Day (barrel/day)\n 6,882\n \n \n 8,479\n \n \n 23%\n \n \n Gross Gas Production per Day (million cubic feet/day)\n 192\n \n \n 226\n \n \n 18%\n \n \n Average Oil Price ($/barrel) 81.56\n 76.00\n \n \n -7%\n \n \n Average Gas Price ($/mcf) 6.16\n 6.88\n \n \n 8%\n \n For any questions relating to this disclosure, please contact Herwin W. Hidayat (Investor Itelations) at +62 812 1065 938. Other related Company information can be found athttps://www.emp.id\n PT Energi Nega Persada Tbk\n ","length":4452,"tagName":"div"}]