Mining, energy, chemicals and technology company PT Dian Swastatika Sentosa (DSSA) booked consolidated revenue of US$3 billion for 2024, reflecting solid performance amid global industry dynamics.

The mining business segment contributed the largest share of revenue, with subsidiaries generating US$2.7 billion, accounting for 92 percent of the total consolidated revenue. Additionally, other business lines, including technology, renewable energy, chemicals, and investments, also recorded positive performance, reinforcing the company’s financial fundamentals.

DSSA recorded earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$734 million in 2024. Net profit for the year reached US$542 million, reflecting a 37 percent adjustment compared to US$865 million in the previous year.

Lay Krisnan Cahya, President Director of PT Dian Swastatika Sentosa, said the company is determined to maximize the growth potential of its subsidiaries through strategic business expansion for sustainable growth. 

“We see significant opportunities to expand our presence, particularly in renewable energy and technology. We also innovate to strengthen DSSA’s position as an industry leader to ensure long-term sustainable growth,” Krisnan said as quoted in a statement on Friday, March 21, 2025.

In response to evolving market dynamics, DSSA will expand into high-value business sectors, particularly renewable energy and technology, while maintaining sustainability principles, through increased investments in digital infrastructure and green energy, aligning with Environmental, Social, and Governance (ESG) principles.

As part of its digital transformation strategy, DSSA, through its subsidiary PT Eka Mas Republik (MyRepublic Indonesia), will expand its internet and multimedia services to strengthen market penetration. In 2024, MyRepublic Indonesia reached over 6 million households across more than 140 cities and regencies in Indonesia, with a subscriber base of 1 million.

Additionally, DSSA has set up partnerships for technology investments, including the development of an advanced artificial intelligence (AI)-based data center located in Kuningan, South Jakarta. This initiative aligns with the Company’s vision to support national digital transformation and enhance competitive, innovative technology infrastructure.

Commitment to sustainability

As part of its sustainability commitment, DSSA, through its subsidiary PT Golden Energy Mines (GEMS), will allocate resources to green energy initiatives, by amomng others implementing eco-friendly electricity solutions, utilizing electric vehicle (EV) fleets, optimizing renewable energy, and executing land reclamation programs to enhance carbon absorption within mining operations.

Currently, DSSA, through its renewable energy business subsidiaries, is strengthening its focus on various strategic projects. These initiatives include geothermal energy development, solar PV-based power generation, and the completion of an integrated 1-gigawatt (GW) per year solar panel manufacturing plant in Kendal, Central Java.