JAKARTA – PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) recorded significant operational performance growth throughout 2024.

The increase was primarily driven by contracts in the offshore segment. This segment remained the main contributor to the company’s revenue, with 35 active contracts involving 25 clients from both domestic and international markets.

Efilya Kusumadewi, ELPI’s Chief Financial Officer, stated that the continuity of these contracts reflects customer confidence in ELPI’s capability as a provider of safe, reliable, and efficient (SRE) maritime services.

“For 2025, the company has prepared several new contracts, both short- and long-term, with existing and new strategic partners,” she said in an official statement on Tuesday (11/3).

In line with the operational increase, ELPI’s financial performance in 2024 also showed positive growth.

According to data from IDNFinancials.com, revenue from the offshore segment reached IDR 709.74 billion, an 11% year-on-year (yoy) increase, while the non-offshore segment also experienced the same 11% yoy growth with total revenue of IDR 495.47 billion.

On the efficiency side, gross profit rose by 33% to IDR 316.02 billion, while net profit surged by 64% to IDR 263.98 billion in 2024.

In terms of assets, ELPI’s total assets amounted to IDR 2.64 trillion, up by 11.99% compared to the previous year. These assets comprised liabilities of IDR 539.21 billion and equity of IDR 2.10 trillion.

To strengthen its business position, on February 11, 2025, ELPI officially established a new subsidiary called PT ELPI Trans Cargo (ETC) with a capital base of IDR 20 billion.

ETC will focus on the bulk cargo business with a fleet of tug and barge as well as bulk carriers, as part of the company’s strategy to expand its operational scope and increase competitiveness in the non-offshore segment. (DK/ZH)