Jakarta \u2014 PT Chandra Asri Tbk (TPIA) has revealed plans to monitor\ndevelopments in global geopolitics and the broader economy that will\ninfluence demand, whilst strengthening the company\u2019s operations in\n2026.<\/p>\n
Suryandi, Director of Human Resources and Corporate Affairs at TPIA,\nstated that the company\u2019s business this year remains clouded by global\nuncertainty. Despite this, the company\u2019s latest financial report for the\nthird quarter of 2025 recorded an improvement in performance, growing\n2,950 per cent and posting profits.<\/p>\n
According to him, the petrochemical industry faces multiple\nchallenges this year, including global geopolitical dynamics, oversupply\nof petrochemical products, and fierce price competition.<\/p>\n
\u201cFor our core business in petrochemicals, margins remain very\nchallenging. There are geopolitical dynamics, competition from\ncompetitors, and product oversupply,\u201d he said during a discussion with\nTPIA management in Jakarta on Wednesday, 25 February 2026.<\/p>\n
Additionally, China\u2019s slower economic growth compared to previous\nyears has impacted the petrochemical industry. \u201cFor 2026, we still see\nthat petrochemical industry margins will remain thin,\u201d he added.<\/p>\n
Consequently, Suryandi explained, TPIA will focus on strengthening\noperational fundamentals. He noted that management has chosen to\nmaintain stability, minimise risk, and ensure production continuity.\nThis is reflected in the company\u2019s entry into the infrastructure\nbusiness beginning last year.<\/p>\n
This step was taken to reduce dependence on petrochemical industry\ncycles, create more stable revenue streams, and provide greater\ncontribution compared to 2025.<\/p>\n
\u201cTo protect income or anticipate and provide more certain results, we\nentered the infrastructure business last year. This will certainly have\na greater effect than 2025,\u201d he explained.<\/p>\n
Suryandi stated that TPIA will maintain the reliability of factory\noperations, particularly facilities in Cilegon and Singapore. He noted\nthat operational disruptions can have very significant impacts. \u201cJust\none day of shutdown at our Cilegon factory could result in a loss of\nUS$3 million, so we must protect factory operations,\u201d he said.<\/p>\n
According to him, this includes not only loss of production revenue,\nbut also concerns regarding customer trust and domestic supply\nstability. \u201cSo we must protect this. If it happens, the imports we hoped\nwould decline will not fall,\u201d he added.<\/p>\n
As background, PT Chandra Asri Pacific Tbk (TPIA) posted net profit\nafter tax of US$1.65 billion through Q3 2025. This result surged 2,950\nper cent and reversed from a previous loss of US$58.5 million in the\nsame period the previous year.<\/p>\n
Total net revenue of the petrochemical company owned by Prajogo\nPangestu jumped more than four times to US$5.1 billion in the first nine\nmonths of this year.<\/p>\n
Breaking this down, the largest revenue came from chemicals at US$2.7\nbillion, up 132.8 per cent year-on-year. This was followed by the\nrefining segment, which rose 100 per cent year-on-year to US$2.31\nbillion in Q3 2025, and infrastructure at US$98.9 million.<\/p>\n
TPIA also reported operating cash flow of US$75.3 million and\ndeployed capital expenditure of US$355.5 million.<\/p>\n
The company\u2019s assets nearly reached US$11 billion, up 93.7 per cent\nsince the end of 2024. Total liabilities were recorded at US$6 billion,\nup 120 per cent from the end of last year, and equity stood at US$5\nbillion, up 69.3 per cent from the end of last year.<\/p>\n
Chandra Asri reported that in the energy sector it has strengthened\nregional expansion by acquiring ExxonMobil\u2019s Esso retail petrol station\nnetwork in Singapore. This step was undertaken through a special purpose\nentity under TPIA\u2019s subsidiary.<\/p>\n
Meanwhile, in the chemicals sector, construction of the Chlor-Alkali\nand Ethylene Dichloride (CA-EDC) factory in Cilegon has reached 33 per\ncent progress. The factory is projected to reduce dependence on imported\nchemicals and potentially save up to Rp10 trillion per year.<\/p>\n
Through subsidiary PT Chandra Daya Investasi Tbk (CDIA), TPIA has\nalso strengthened the infrastructure sector by adding two chemical\ntankers, 20 new trucks, and expanding its solar energy portfolio to 11\nMWp following its initial public offering.<\/p>\n
\u201cIn line with this positive momentum, the Group has announced an\ninterim dividend distribution of US$20 million, affirming our commitment\nto creating sustainable value for shareholders as we pursue our journey\nto build the region\u2019s leading integrated energy, chemicals and\ninfrastructure platform in Southeast Asia,\u201d said Andre Khor, Director\nand Chief Financial Officer of TPIA.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/chandra-asri-tpia-unveils-2026-business-strategy-1772013048", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }