PT Energi Mega Persada (EMP) recorded a solid financial performance in 2024, reporting an 11 percent increase in net sales from US$420.8 million in 2024 to US$467.4 million in 2024, a 5 percent rise in EBITDA from US$265.7 million in 2023 to US$278 .9 million in 2024, and a 10 percent growth in net profit from US$68.4 million in 2023 to US$75.4 million in 2024.

According to EMP’s latest financial report, the company’s improved results were driven by:

1. Increased Oil Production – EMP managed to raise its oil output by 22 percent, reaching 8,097 barrels per day, following the acquisition of Siak and Kampar oil-producing assets in Riau, Sumatra.

2. Higher Gas Selling Prices – Despite a 7 percent decline in gas production, EMP benefited from a 6 percent rise in gas prices, helping sustain revenue growth.

3. Strategic Acquisitions – The company completed the 51 percent additional stake acquisition in Sengkang PSC, now fully owned by EMP, contributing to future gas production expansion.

EMP’s Vice President Director & CFO, Edoardus Ardianto, attributed the company’s performance to increased oil output and favorable gas prices.

“Our strategic asset acquisitions and operational efficiency have contributed to stronger financial results,” Ardianto said as quoted in a statement on Tuesday, March 25, 2025.

Meanwhile, Syailendra S. Bakrie, EMP’s President Director & CEO, highlighted on the company’s growth strategy − the acquisitions of Siak, Kampar, and Sengkang − which have strengthened the company’s production capabilities and hope for further improvements in its gas output this year.

“With continued expansion in its oil and gas portfolio, EMP is optimistic about sustaining growth in 2025. The company aims to enhance operational efficiencies and explore further opportunities in the energy sector,” Syailendra said.