Surya Biru Murni Acetylene Records Profits Soaring 182% Throughout 2024, Strengthens Infrastructure and Distribution

PT Surya Biru Murni Acetylene Tbk (SBMA) recorded brilliant performance throughout 2024 by posting a net profit of IDR 13.35 billion, soared 182.24 percent compared to the previous year which amounted to IDR 4.73 billion. This increase also pushed basic earnings per share to increase to Rp14,37 from the previous Rp5,09.

This positive performance was supported by an increase in sales of 16.14 percent, from IDR 113.36 billion in 2023 to be IDR 131.67 billion. Product revenue is still the main contributor to value IDR 126.96 billion, while income from services reached IDR 4.71 billion.

The types of products with the highest sales are:

• Acetylene: IDR 36.49 billion
• Oxygen: IDR 33.04 billion
• Argon: IDR 16.37 billion
• Nitrogen: Rp. 16.30 billion
• Mixed Gas: IDR 17.71 billion
• Carbon dioxide: IDR 7.02 billion
  
  

Strategy Realization and Infrastructure Strengthening

SBMA President Director, Rini Dwiyanti, explained that the surge in performance could not be separated from the realization of various strategic plans that had been prepared previously, especially strengthening operational infrastructure.

"One of the main achievements last year was the purchase 3,500 tubes (cylinders) new capacity 6 m³, 150 Cf capacity of 175 liters, as well 5 iso tank capacity 20 m³. "This is done to ensure the availability of a more stable gas supply and meet growing market needs," said Rini, in an official statement, Thursday (10/4).

Not only that, SBMA also strengthened its distribution fleet by adding more four tank lorry units for efficient and safe transportation of liquid gas. Besides that, nine new trucks also presented to increase distribution reach and speed up delivery to customers in various regions.

"This strengthening not only optimizes services, but also opens up new business opportunities. Business partner trust has also increased, marked by new contracts and addendums to old contracts," added Rini.

Optimism to Welcome 2025

Julianto Setyoadji, Director of Operations at SBMA, expressed optimism about facing 2025 as new markets develop in Kalimantan, especially through industrial downstream projects in Kalimantan Industrial Park Indonesia (KIPI) and development hydroelectric green energy in North Kalimantan.

“Trust from existing sectors such as mining (coal), oil & gas, And plantation continues to grow. "Demand for industrial gas plants and special gas also shows a positive trend," said Julianto.

In the first quarter of 2025, SBMA's performance is said to still be on target, with adjustments to seasonal and religious conditions.

Controlled Expenses, Strengthened Assets

In 2024, the main burden of SBMA income is recorded IDR 62.15 billion, only increased slightly from the previous year's IDR 59.72 billion. This makes good gross increased significantly by 29.59 percent become IDR 69.51 billion.

General and administrative expenses are recorded IDR 49.37 billion, while interest and financial expenses IDR 3.04 billion. Other income was recorded as high at IDR 141.23 billion, boosting profit before tax to IDR 17.23 billion, go on 126.41 percent from IDR 7.61 billion.

The company's total assets also increased from IDR 276.17 billion become IDR 289.97 billion. Equity rises to IDR 227.89 billion, while liabilities are in numbers IDR 62 billion. Cash and bank positions at the end of the year increased significantly from IDR 4.75 billion become IDR 10.42 billion.