CDIA posts strong EBITDA growth in Q1 despite profit decline

By Ranuh Rafiani Putri

PT Chandra Daya Investasi Tbk (IDX: CDIA) reported a resilient financial performance for the first quarter of 2026, supported by strong demand across its infrastructure platform and continued expansion in its logistics segment.

The company recorded revenue of US$41.2 million in Q1 2026, up 19.0% year-on-year from US$34.6 million in the same period last year.

Growth was primarily driven by the logistics segment, which surged 48.9% YoY to US$14.3 million, benefiting from favorable market conditions and expanded fleet capacity. The energy segment also contributed positively, rising 6.8% YoY to US$25.3 million, while the port and storage segment saw a slight decline.

Operationally, CDIA demonstrated significant improvement, with adjusted EBITDA jumping 125.4% YoY to US$14.1 million, reflecting stronger operating leverage and contributions from recent asset expansions. EBITDA margin improved sharply to 34.2%, compared to 18.1% a year earlier.

Read also: CDIA posts sharp profit surge in 2025 on strong revenue growth

Despite stronger operating metrics, net profit after tax fell sharply by 68.6% YoY to US$9.5 million, compared to US$30.2 million in Q1 2025. This decline resulted in a net profit margin of 23.0%, significantly lower than the unusually high 87.3% recorded in the prior-year period.

On the balance sheet, CDIA maintained a strong financial position. Total assets rose 9.0% to US$1.9 billion, while liquidity remained robust at US$954.2 million, providing flexibility for future investments. However, total liabilities increased 26.1% to US$766.4 million, with interest-bearing debt climbing 26.7% to US$712.9 million, pushing the debt-to-capitalization ratio to 39%.

The company continued to invest heavily in growth, with capital expenditures reaching US$28.4 million during the quarter, more than doubling from the previous year. Key projects include expansion in solar power capacity, water treatment facilities, and port infrastructure development.

In logistics, CDI strengthened its maritime capabilities with the addition of a new 9,000 DWT chemical tanker, Boreas, developed in collaboration with a Japanese shipbuilder. The vessel is expected to enhance the company’s regional logistics footprint across Asia and Europe and support both internal and third-party demand.

Editing by Reiner Simanjuntak