AGII is optimistic to close the end of 2024 financial year on a positive note

By Press Release31 October 2024

Jakarta, 31 October 2024–PT Samator Indo Gas Tbk (Bloomberg Code: AGII IJ or the “Company”) has released its Consolidated Interim Financial Statements for the nine months ended 30 September 2024 (“9M-2024”) and 30 September 2023 (“9M-2023”). As of the 9M-2024 period, Total Sales reached IDR 2.13 trillion, an increase of 2.8% compared to that of 9M-2023. Gross Profit reached IDR 955.1 billion, an increase of 1.9% compared to that of the previous year, and Profit for the Year hit IDR 85.8 billion, a decrease of 25.3% compared to 9M-2023 period, which reached IDR 114.9 billion.

Mr. Rachmat shared, “On September 30th 2024, we have inaugurated the 56th plant in Batang, which is equipped with the latest technology and has a production capacity of 7,000 of Liquid Oxygen (LOX), 7,000 of Liquid Nitrogen (LIN), and 280 of Liquid Argon (LAR). In October, we also have started our 57th plant, namely the hydrogen plant in Batam, which is underway to be the first green hydrogen plant for Samator and possibly in the country with its electrolysis technology. The positive financial impact of this two new plants will be fully reflected in our full-year 2024 financial statements. We are optimistic that we will maintain our positive trends on the top-line growth, while maintaining our commitment to supporting the national industry’s transition to a more sustainable energy.”

In addition to top-line growth, Samator also aims for continuous improvement in operational process to be more efficient. “By balancing production expansion with cost-saving initiatives, we strive to strengthen overall financial performance and create greater value for our stakeholders.” he remarked.

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