JAKARTA – PT Saratoga Investama Sedaya Tbk (SRTG) posted a net profit of IDR 3.29 trillion throughout 2024, soaring 132% year-on-year (yoy) from a loss of IDR 10.15 trillion in 2023. This significant recovery resulted in earnings per share climbing from minus IDR 750 to IDR 243.

According to the 2024 Financial Report, gains from stock investments and other securities increased by 111% to IDR 1.47 trillion, compared to a loss of IDR 13.81 trillion in the previous year.

Meanwhile, dividend and interest income rose by 37% to IDR 3.85 trillion, and other revenue sources grew by 27% to IDR 14.99 billion.

Devin Wirawan, Investment Director of SRTG, explained that the positive performance in 2024 reflects the success of SRTG's investment strategy in optimising opportunities across strategic sectors.

In its official release, SRTG revealed that the company’s Net Asset Value (NAV) grew by 10.5% to IDR 53.9 trillion in 2024.

This growth was driven by the optimisation of performance and valuation of portfolio companies, such as PT Adaro Andalan Indonesia Tbk (AADI), PT AlamTri Resources Indonesia Tbk (ADRO), and PT Tower Bersama Infrastructure Tbk (TBIG). SRTG also injected new investment into the Brawijaya hospital network in 2024.

“This achievement reaffirms Saratoga's position as an investment company that continues to create long-term value for stakeholders,” said Devin in the official statement, quoted Thursday (13/3).

From a financial position perspective, SRTG's total equity grew to IDR 51.77 trillion in 2024, while total assets increased to IDR 57.84 trillion, with cash and cash equivalents amounting to IDR 1.53 trillion. (EF/ZH)