JAKARTA – PT Surya Biru Murni Acetylene Tbk (SBMA) remains in the spotlight as its business in the Kalimantan region continues to grow.

SBMA is optimistic that several strategic projects in the oil and gas, mining, and manufacturing sectors will drive the region's economic growth. These projects are expected to increase the demand for industrial gas.

In 2024, SBMA recorded significant growth, with revenue and profits rising each quarter, driven by contracts with major customers such as PGN, Pertamina, BUMI, and DEWA. The company supplies industrial gas for mining operations and oil and gas blocks.

However, SBMA’s stock performance has not mirrored its financial results. The company’s shares are currently trading at IDR 120–122 per share, the lowest level in five years.

Addressing this, Rini Dwiyanti, President Director of SBMA, explained that stock prices are often influenced by external factors that do not always reflect operational performance.

"Our product excellence, such as high quality and gas purity, serves as a strong foundation for the company’s future," she stated.

The company also sees great potential in the medical gas sector, which proved to be strategic during the pandemic. Product diversification and investment in increasing production capacity are expected to strengthen the company’s position in the market.

Additionally, SBMA's focus on medical gas, specialty gas, and the metallurgy sector forms part of its long-term strategy.

For 2025, SBMA aims to increase sales, supported by solid plant utilities. Key products such as Ultra-High Purity (UHP) nitrogen and technical services like leak testing and vacuum testing will be prioritized.

SBMA also plans to expand gas distribution through pipelines to meet customer demand.

"We believe 2025 is a year full of opportunities. With the trust of major clients like KPC and the petrochemical sector, we are confident in overcoming challenges and achieving greater success," Rini concluded. (DK/ZH)