During the first quarter of 2023, PT Saka Energi Indonesia recorded revenue of US$129.45 million and gross profit of US$21.89 million. After administrative, finance, tax, and other expenses, the company reported a profit for the period of US$8.09 million. As of March 31, 2023, total assets stood at US$1.73 billion, with total liabilities of US$1.12 billion and equity of US$607.53 million. Net cash generated from operating activities remained positive at US$61.54 million, while cash and cash equivalents reached US$385.83 million at the end of the period. The results reflect SAKA’s continued oil and gas exploration and production activities in early 2023.
