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Chandra Asri Delivers $1.4B Profit in 2025, Ramps Up Expansion

The Jakarta Globe
March 27, 2026 | 11:25 am
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(Photo Courtesy of Chandra Asri)
(Photo Courtesy of Chandra Asri)

Jakarta. Chandra Asri Group (IDX: TPIA) reported solid financial performance in fiscal year 2025 (FY2025), underpinned by strong profitability and robust liquidity, while accelerating strategic expansion to strengthen its position ahead of a targeted operating profit record in the first quarter of 2026.

Group Chief Financial Officer Andre Khor said the company delivered strong FY2025 results, generating profitability of $1.4 billion while maintaining a resilient balance sheet with liquidity exceeding $3 billion. This reflects the strength of the company’s integrated platform and disciplined execution.

“We remain focused on advancing our three strategic pillars, Energy, Chemicals, and Infrastructure, while placing sustainability at the core of growth to create long-term value. We enter 2026 with strong momentum, supported by solid operational performance and early contributions from our latest strategic initiatives. While market conditions remain dynamic, our integrated platform and disciplined execution position us well to deliver resilient performance in the first quarter and beyond,” he said.

Operationally, the company continues to anchor its strategy on its three core pillars, which are energy, chemicals, and infrastructure, a framework aimed at driving long-term value creation and strengthening business resilience amid global market dynamics.

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In the energy sector, the company is accelerating its transformation through the integration of Aster Chemicals and Energy (ACE), formerly known as Shell Energy & Chemicals Park, acquired jointly with Glencore. This world-class refining and petrochemical complex supports the company’s decarbonization pathway and long-term sustainability ambitions.

The company has also expanded regionally through the acquisition of ExxonMobil’s Esso-branded retail network in Singapore, supported by a dedicated $750 million financing facility from KKR. Following the signing of a Conditional SPA in October 2025, the transaction was completed swiftly on January 1, 2026. The acquisition supports the company’s strategy to build an integrated energy platform in Southeast Asia.

The company is also expanding its downstream portfolio through the acquisition of Chevron Phillips Singapore Chemicals, now rebranded as Aster Polymer Solutions (APS). The 400 KTA High-Density Polyethylene (HDPE) facility adds immediate value while strengthening the company’s integrated marketing capabilities across Southeast Asia, China, and Australia.

Domestically, the approximately $800 million Chlor-Alkali and Ethylene Dichloride (CA-EDC) project has surpassed 50% completion and remains on track to commence operations in Q1 2027. The project is expected to strengthen Indonesia’s industrial value chain, particularly in the mining and alumina processing sectors. Participation from Danantara and INA, totaling $200 million, underscores strategic support to deepen Indonesia’s downstream chemical sector and reduce import dependency.

On the infrastructure front, through PT Chandra Daya Investasi Tbk (CDI Group), the company continues to strengthen its infrastructure platform as a key growth engine spanning energy, water, port and storage, and logistics. The company has secured a concession permit from the Transportation Ministry to enhance services for external customers in the port and storage segment.

In logistics, the fleet has expanded to 14 gas and chemical vessels and more than 200 trucks. At the same time, capacity expansion in power and water supply continues to support rising industrial demand.

Sustainability and Recognition

Chandra Asri Group has garnered strong international recognition, winning multiple awards including Best M&A Deal and Best CFO at the FinanceAsia Awards 2025, as well as Best Sustainability-Linked Loan at The Asset Triple A Awards for Sustainable Finance 2025. The company also received accolades from Moores Rowland, the National Energy Efficiency Awards 2025, and the Katadata ESG Awards 2025, underscoring its commitment to innovation and alignment with long-term sustainability and decarbonization strategies.

Meanwhile, total assets of CDI Group more than doubled to nearly $12.4 billion, reflecting a significantly strengthened balance sheet and expanded operational scale following the company’s strategic acquisitions and investments.

Net revenue surged to $7.0 billion, nearly quadrupling from the previous year, driven by the addition of refining and chemical segments from the ACE and APS acquisitions, as well as expansion in logistics and renewable energy.

Net profit reached $1.4 billion, highlighting a significant improvement in financial performance supported by the company’s diversified portfolio and deeper integration across its Energy, Chemicals, and Infrastructure pillars.

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