JAKARTA - PT RMK Energy Tbk (RMKE) recorded a net profit decline of 4.89% year-on-year (yoy) to IDR 288.04 billion in 2024, from IDR 302.86 billion in 2023. This decline had an impact on basic earnings per share, which shrank to IDR 65.84 from IDR 69.22 previously.

RMK also experienced a 3.52% yoy decline in revenue to IDR2.46 trillion, compared to IDR2.55 trillion in the previous year. Of the total revenue, the largest contribution came from coal sales worth IDR1.71 trillion, while revenue from services reached IDR750.24 billion.

Meanwhile, in terms of expenses, there was an increase in several fields. General and administrative expenses, for example, were recorded at IDR 79.83 billion, an increase compared to the previous year's IDR 68.75 billion, while financial expenses were IDR 33.92 billion, up from IDR 21.65 billion.

EBITDA fell 4.82% yoy to Rp433 billion from IDR 455 billion previously. However, EBITDA Margin (EBITDA to revenue) stood at 17.60%. Despite this, RMKE managed to record asset growth which increased by 5.50% yoy to IDR2.37 trillion from IDR2.25 trillion in the previous year. (EF/LM)