PT Bumi Serpong Damai (BSDE) Q2 2024 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2024 reached Rp 7.35 trillion, up from Rp 5.00 trillion in the same period last year.

• Net profit attributable to owners was Rp 2.33 trillion, a significant increase from Rp 1.20 trillion year-over-year.

• Total assets as of June 30, 2024 stood at Rp 67.86 trillion, with equity at Rp 43.55 trillion.

• The group operates across real estate, property, hotel, toll road, and other segments.

Financial highlights

• Gross profit for H1 2024 was Rp 4.86 trillion, up from Rp 3.18 trillion year-over-year.

• Operating profit reached Rp 2.95 trillion, compared to Rp 1.61 trillion in H1 2023.

• Basic earnings per share rose to Rp 111.56 from Rp 57.42 year-over-year.

• Cash and cash equivalents at period end were Rp 9.43 trillion.

• Total liabilities as of June 30, 2024 were Rp 24.31 trillion.

Segment performance

• Real estate contributed Rp 6.80 trillion in revenue and Rp 4.67 trillion in segment gross profit.

• Property segment revenue was Rp 335 billion, hotel segment Rp 183 billion, toll road segment Rp 25.8 billion.

• Toll road segment assets reached Rp 5.37 trillion.