JAKARTA – Sinarmas Group’s PT Dian Swastatika Sentosa Tbk (DSSA) saw its net profit drop by 27.47% year-on-year (yoy) in 2024, amounting to USD 309.08 million.

According to its latest financial report, DSSA’s revenue also fell by 39.82% to USD 3.01 billion, primarily due to the transfer of shares in GEAR in August 2023, resulting in GEAR’s performance no longer being consolidated in the company’s financial statements.
"The decrease in revenue from the coal business was due to a decline in the average selling price of coal," DSSA Management stated in the 2025 Public Expose document. A large portion of DSSA’s 2024 revenue came from its mining business, with its subsidiary generating USD 2.7 billion, or 92% of the total consolidated revenue.

L. Krisnan Cahya, President Director of DSSA, emphasised that the company is striving to maximise the growth potential of its subsidiaries, aiming for sustainable growth.

In response to evolving market dynamics, Krisnan explained that DSSA is strengthening its strategic moves by expanding into high-value-added sectors, particularly in renewable energy and technology.

DSSA is also actively forming strategic partnerships focused on technology investments, particularly in artificial intelligence (AI). "These initiatives align with the company’s vision to support national digital transformation and strengthen innovative, highly competitive technology infrastructure," Krisnan said.

According to IDNFinancials.com data, DSSA’s total assets rose by 20.62% to USD 3.69 billion in 2024, while equity stood at USD 1.94 billion. (DH/ZH)