PT Elnusa Tbk

PT Elnusa Tbk

IIDX:ELSA
660.00
IDR
+30.00
(+4.76%)
106.38EPS
4.89P/E
3.80TMarket Cap
Nov 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
566.93
578.36
517.27
496.07
682.16
907.69
1,148.88
1,058.7
1,114.83
1,686.06
1,721.5
1,835.04
1,986.45
2,033.9
Basic EPS, GAAP
32.82
58.34
51.43
42.6
33.86
37.86
48.84
34.13
14.9
51.8
68.94
97.78
98.43
106.38
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.08
16.47
39.75
10.45
4.34
5.08
9.46
12.21
10.24
7.45
25.9
27.57
39.11
- -
Book Value per Share
305.87
345.03
356.36
389.05
417.55
451.94
489.83
512.36
517.44
563.9
604.85
671.63
727.9
743.17
Tangible Book Value per Share
303.89
342.95
353.57
386.07
415.62
449.44
487.95
511.21
515.34
562.79
603.94
668.84
726.15
741.81
Basic Weighted Avg Shares
7,253
7,299
7,299
7,299
7,299
7,299
7,299
7,299
7,299
7,299
7,299
7,299
7,299
7,299
Sales/Revenue/Turnover
4,111,973
4,221,172
3,775,323
3,620,570
4,978,986
6,624,774
8,385,122
7,726,945
8,136,563
12,305,690
12,564,391
13,393,013
14,498,139
14,844,433
Operating Margin (%)
8.55
10.49
12.34
11.26
6.92
5.75
6.36
5.76
4.17
4.16
5.53
6.08
6
6.02
Depreciation Expense
8,376
- -
7,458
8,694
7,840
7,629
6,209
6,163
5,578
2,471
3,107
2,210
6,428
- -
Net Income, GAAP
238,060
425,787
375,364
310,911
247,140
276,314
356,474
249,082
108,740
378,065
503,129
713,668
718,406
776,380
Effective Tax Rate (%)
28.05
23.67
25.21
24.44
23.17
21.46
23.63
27.78
46.3
17.3
18.57
19
19.13
17.17
Profit Margin (%)
5.79
10.09
9.94
8.59
4.96
4.17
4.25
3.22
1.34
3.07
4
5.33
4.96
5.23
Working Capital
932,022
858,357
630,734
610,935
621,684
1,041,609
1,194,035
1,643,858
1,885,550
1,725,838
1,872,178
1,651,269
2,554,693
2,500,138
LT Debt
495,773
248,868
295,954
33,939
- -
212,550
578,159
1,100,312
748,949
1,051,958
831,590
177,412
178,935
171,921
Total Equity
2,259,609
2,549,456
2,635,186
2,877,743
3,051,920
3,300,200
3,576,698
3,740,946
3,778,134
4,117,211
4,416,068
4,903,474
5,314,162
5,425,618
Return on Invested Capital (%)
7.18
13.71
11.29
10.1
7.7
7.81
9.46
6.75
3.3
8.11
10.3
11.27
11.38
12.16
Return on Capital (%)
8.79
14.66
12.24
9.36
7.1
7.71
8.89
6.25
3.14
8.87
10.47
13.59
12.98
13.76
Return on Common Equity (%)
11.2
17.93
14.67
11.43
8.4
8.71
10.37
6.81
2.89
9.58
11.8
15.32
14.07
14.77

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
470,936
404,617
270,289
LT Borrowings
122,418
114,677
106,954
LT Finance Leases
56,517
30,294
64,967
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,299
7,299
7,299
Market Capitalization
3,634,653
5,437,383
3,795,220

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,820,852
7,689,547
8,107,327
Cash, Cash Equivalents & STI
2,767,650
3,464,672
2,954,776
Accounts Receivable, Net
1,101,242
731,463
1,177,484
Inventories
461,645
595,030
494,014
Total Current Liabilities
5,266,159
5,172,215
5,607,189
Payables & Accruals
- -
- -
- -
ST Debt
470,936
404,617
270,289
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.3%
7.33%
8.38%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
23.99%
53.39%
0.66%
Sales/Revenue/Turnover
15.87%
14.7%
8.25%
Total Cash Common Dividend
25.28%
50.52%
41.86%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,107,783
3,209,630
3,334,760
3,740,840
13,393,013
2025
3,727,628
3,237,560
- -
4,020,752
14,498,139
2026
3,616,611
3,969,510
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25.1
35.6
14.83
22.26
97.78
2025
25.57
20.53
- -
26.29
98.43
2026
25.97
33.59
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
27.57
2025
- -
- -
- -
- -
39.11
2026
- -
- -
- -
- -
- -

Company Description

CEO
Litta Indriya Ariesca
Full Time Employees
1,909
Sector
Energy minerals
Industry
Oil & gas production
Address
Graha Elnusa Jakarta JK Indonesia 12560
IPO Date
Feb 11, 2008
Business
PT Elnusa Tbk (ELSA.JK) provides integrated energy services primarily in the oil and gas sector in Indonesia, encompassing upstream exploration and production support; energy distribution and logistics; and supporting services including geophysical data acquisition, seismic surveys, drilling, oilfield services, data processing and management, integrated IT and telecommunications, water treatment, fleet management, supply chain solutions, IoT products such as LORA devices and tracking systems, fuel and chemical trading, retail gas stations, mechanical maintenance, ship rental, and OCTG tubing manufacturing. The company operates through three main segments: Integrated Upstream Oil and Gas Services offering seismic data, drilling, and geophysical services; Oil and Gas Support Services providing data storage, remastering, warehousing, and engineering; and Energy Distribution and Logistics Services handling fuel transportation, petrochemical distribution, joint operations, and infrastructure. Founded in 1969 as PT Nusantara Electronics and renamed PT Elnusa Tbk in 1984, it maintains headquarters at Graha Elnusa, Jl. TB Simatupang Kav. 1B, Jakarta Selatan, Indonesia, and functions as a subsidiary of PT Pertamina Hulu Energi within the Pertamina group, with operations focused on Indonesia and strategic global alliances for seismic and drilling technologies. Recent developments include a July 2025 contract with PT Pertamina Hulu Rokan through subsidiary PT Elnusa Fabrikasi Konstruksi to supply over 35,000 OCTG tubing materials until 2025 using a call-off mechanism; a November 2025 cooperation agreement with PT Pertamina Geothermal Energy for two-phase geothermal technology development to expand into renewables; a seismic data acquisition project completed in April 2025 for Bayan Group's 25.85 km² coal mining area following a contract from September 2024 to March 2025 with PT Wahana Baratama Mining; and a diversification strategy targeting coal and nickel mining exploration to boost non-oil and gas contributions.