PT Dian Swastatika Sentosa (DSSA) Q1 2025 earnings summary

Executive summary

• Interim consolidated financial statements for the three months ended March 31, 2025, were reviewed and found to present fairly in all material respects, in accordance with Indonesian Financial Accounting Standards.

• Management affirms responsibility for the accuracy, completeness, and internal controls of the financial statements.

Financial highlights

• Revenues for Q1 2025 were $737.6 million, down from $796.8 million in Q1 2024.

• Net profit for Q1 2025 was $135.1 million, compared to $187.7 million in Q1 2024.

• Gross profit margin decreased to 39% from 46% year-over-year.

• Total assets as of March 31, 2025, were $3.85 billion, up from $3.70 billion at December 31, 2024.

• Cash and cash equivalents increased to $951.4 million from $883.0 million at year-end 2024.

Outlook and guidance

• Management continues to monitor regulatory changes and market conditions, expecting no significant near-term impact from new mining laws.

• Proceeds from recent bond and sukuk issuances are allocated for business expansion, working capital, and general corporate purposes.