Jakarta. Chandra Daya Investasi, the infrastructure arm of billionaire Prajogo Pangestu's business empire, reported higher first-half revenue as it expanded investments across logistics, ports and low-carbon energy, although net profit declined from a year earlier.

The company, listed under the ticker CDIA, posted revenue of $82.1 million (Rp 1.48 trillion) for the six months ended June, up 22.8% from a year earlier. EBITDA rose 25.3% year-on-year to $31.6 million.

Net profit, however, fell 74% to $19.3 million, resulting in a net profit margin of 23.5%, according to a company statement released Wednesday.

CDIA said its diversified infrastructure portfolio spanning energy, water, ports and storage, and logistics continued to provide resilient earnings despite broader market uncertainty.

The company ended June with $658.7 million in cash, cash equivalents and marketable securities, while maintaining a debt-to-capital ratio of 41%.

"This strong liquidity position provides the financial flexibility to support the development of strategic projects while maintaining disciplined investment execution to increase recurring, contract-based revenue," CDIA said in a statement on Wednesday.

During the first half, CDIA expanded its maritime logistics operations with the maiden voyage and first berthing of Novah, a newly built 9,000-deadweight-ton chemical tanker developed in partnership with Japan's Usuki Shipyard. The vessel is expected to strengthen the company's domestic and international chemical shipping capabilities as industrial demand continues to grow.

The company also broadened its logistics footprint through acquisitions.

CDIA invested $90 million to acquire a 40% stake in Armada Maritim Persada, expanding into mining logistics and port management services.

Separately, it invested $15.5 million to purchase a 49% stake in Petrosea Services Solutions Pte. Ltd., a move the company said would diversify cargo flows, broaden its customer base and create future dividend income.

In its ports and storage business, subsidiary SCG Barito Logistics signed a memorandum of understanding with Krakatau Bandar Samudera to explore ISO tank storage, dry-container storage and lift-on/lift-off services at Krakatau International Port.

Construction of a 12,000-cubic-meter bitumen storage terminal in Merak has reached about 75% completion and remains on track to begin operations in the third quarter of 2026.

CDIA is also expanding into sustainable infrastructure as Indonesia accelerates investments in low-carbon energy.

Its indirectly owned subsidiary, Chandra Waste Energy, together with consortium partners, has been appointed to conduct a feasibility study for the sovereign wealth fund Danantara waste-to-energy project in Serang. The appointment marks the company's entry into waste-to-energy power generation and aligns with its strategy of expanding its sustainable infrastructure portfolio.

Looking ahead, CDIA said it will prioritize completing projects under development, bringing new assets into operation, increasing third-party revenue contributions and selectively deploying capital to strengthen its integrated infrastructure platform through disciplined capital allocation.