During the first half of 2023, PT Saka Energi Indonesia recorded revenue of US$219.16 million and gross profit of US$34.76 million. After operating, finance, and tax expenses, the company reported a profit of US$0.89 million. As of June 30, 2023, total assets reached US$1.65 billion, with liabilities of US$1.05 billion and equity of US$600.10 million. Operating cash flow remained positive at US$66.53 million, while cash and cash equivalents stood at US$360.01 million. During the period, SAKA also expanded its exploration activities through the signing of the Sangkar Working Area PSC in East Java, which received approval from the Minister of Energy and Mineral Resources in June 2023.
