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PGN Saka 4Q21 Financial Report

Throughout 2021, PT Saka Energi Indonesia recorded revenue of US$361.84 million and gross profit of US$58.60 million. After administrative, finance, tax, and other expenses, the company reported a profit for the year of US$6.61 million, reversing a loss of US$179.98 million in 2020. As of December 31, 2021, total assets reached US$1.91 billion, with total liabilities of US$1.40 billion and equity of US$513.79 million. Net cash generated from operating activities reached US$223.79 million, while year-end cash and cash equivalents stood at US$289.44 million. The results reflected a recovery in SAKA’s operating performance and liquidity during 2021.

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