Supported by Acquisition Results, Chandra Asri Group Records Net Profit of Rp 3.57 Trillion in Q1 2026

JAKARTA, KOMPAS.com – PT Chandra Asri Pacific Tbk (TPIA) recorded a net profit of US$205 million in the first quarter of 2026. This figure surged by 954.2% year-on-year compared to the same period last year. The amount equates to Rp 3.57 trillion, assuming an exchange rate of Rp 17,427 per US dollar. Additionally, the Chandra Asri Group posted a record quarterly EBITDA of US$421 million, up 1,813.6% year-on-year from the prior year’s corresponding period. “Behind these figures, this achievement stems from disciplined transformation through the successful integration of newly acquired energy assets in Singapore,” he stated in a written release on Tuesday (5/5/2026). He explained that Chandra Asri’s strategy now rests on a foundation of regional infrastructure. The primary focus lies on the successful integration of the Aster refinery (formerly Shell Energy & Chemicals Park), acquired in April 2025, as well as the Esso-branded retail fuel network in Singapore, acquired from ExxonMobil in January 2026. “We worked diligently to ensure the smooth completion of these complex transactions with Shell, CPSC, and ExxonMobil,” he added. These acquisitions, along with the group’s infrastructure unit, PT Chandra Daya Investasi Tbk (CDI), and the newly operational shared services centre, Chandra Asri Sentral Solusi (CASS), now provide the recurring income and operational efficiencies needed to navigate global market volatility. He revealed that, unlike other regional players, Chandra Asri Group leverages its partnership with Glencore, one of the world’s leading global commodity traders and diversified natural resources producers, to diversify its feedstock. While competitors are often constrained by traditional supply chains, Chandra Asri demonstrates agility by actively sourcing and testing crude oil from Latin America, North America, West Africa, and Southeast Asia. Andre explained that geopolitical disruptions, particularly the risk of escalation in the Middle East impacting the Strait of Hormuz, have historically created anxiety in supply chains. “However, our ability to expand crude oil types and global procurement capabilities allows the company to bypass conventional hurdles, keeping operations running smoothly regardless of regional volatility,” said Andre. This operational agility was tested in February 2026, when the group successfully completed technical trials that boosted production capacity at its Butene-1 and MTBE plants in Cilegon by 25%.