PT Indika Energy Tbk recorded revenue of US$830.79 million, or Rp11.93 trillion (using the average exchange rate of Rp14,357 on March 31, 2022) in Q1 2022. The company's revenue increased by 58.2% year-on-year (YoY) from US$525.16 million in Q1 2021.
Coal sales contributed the most, reaching US$737.36 million or 88.8% of total revenue. Contract and service revenue contributed US$86.64 million (10.42%), and other trading contributed US$6.79 million.
This increased revenue resulted in Indika recording a net profit of US$75.04 million, or Rp1.08 trillion, in Q1 2022.
This is in stark contrast to Q1 2021, when Indika recorded a net loss of US$9.36 million.
Indika's assets were recorded at US$3.99 billion as of March 31, 2022. Liabilities totaled US$2.99 billion, and equity amounted to US$1 billion.