JAKARTA – PT Humpuss Maritim Internasional Tbk (HUMI) posted a 10.6% year-on-year (yoy) increase in net profit in 2024, supported by a 20.02% jump in revenue.

According to its 2024 financial report, HUMI’s revenue rose from USD 106.5 million to USD 127.7 million. This increase was largely driven by third-party customer contracts, which contributed USD 110.2 million, or 86.3% of the company’s total revenue.

By service segment, revenue from chemical transport—particularly sulphuric acid and methanol—surged 72.11% to USD 65.7 million in 2024.

Meanwhile, revenue from liquefied natural gas (LNG) transport rose to USD 31.3 million, while the marine support segment also grew to USD 2.8 million.

However, the cost of revenue also jumped 25% in 2024 to USD 96.5 million, resulting in a gross profit of USD 31.2 million. Although gross profit rose, the margin declined from 27.4% in 2023 to 24.4% in 2024.

Despite this, HUMI still managed to book a 10.6% increase in net profit, reaching USD 11.5 million in 2024.

Looking ahead to 2025, HUMI continues to target growth in chemical transport, particularly methanol, a key feedstock in the production of biodiesel (B35 and B40), which the government has mandated.

“With rising domestic demand for biodiesel driving methanol needs, HUMI, as a logistics partner, plays a vital role in supporting Indonesia’s growing industry,” management stated in a Public Expose presentation at the Indonesia Stock Exchange last week (4/4).

As previously reported by IDNFinancials.com, HUMI has allocated USD 39.57 million in capital expenditure to expand its fleet by 10 vessels. As of Q1 2025, the company has already acquired two vessels: one oil & chemical tanker and one oil tanker. (ZH)