CDIA – Net pofit declined to USD8.4 mn

CDIA – Net pofit declined to USD8.4 mn Chandra Daya Investasi (CDIA) reported a net profit of USD8.4 mn (approx. IDR142.8 bn) in 1Q26, representing 70.2% yoy decline from USD28.2 mn in 1Q25. Despite the lower net profit, revenue grew 19% yoy to USD41.2 mn, driven by expansion in the logistics pillar and sustainable growth in the energy segment. Adjusted EBITDA surged 125.4% yoy to USD14.1 mn, reflecting improved operational efficiency. The company maintains a strong liquidity position with USD954.2 mn in cash and a debt-to-capitalization ratio of 39%. Looking ahead, CDIA is expanding its maritime logistics with the addition of a new 9,000 DWT chemical tanker, "Boreas," and aims to increase its fleet to 20 vessels by year-end 2026. In the energy and infrastructure sectors, CDIA is developing an additional 5 MWp of solar capacity and enhancing water treatment facilities in Cilegon. (Source : Kata Data)