JAKARTA – PT Humpuss Maritim Internasional Tbk, commonly identified by its stock code “HUMI”, operates within the energy logistics sector and provides comprehensive maritime services. The company has demonstrated a commendable performance, marking positive strides through Q3-2023.
Citing the Company’s interim financial report as of September 30, 2023, the Company achieved a total revenue of USD 73.9 million, marking a significant growth of 7.3% compared to the previous year’s performance of USD 68.8 million. This growth was fueled by increased revenue from vessel leasing services, particularly in the Chemical segment, reaching USD 24.1 million, a staggering 489.0% surge compared to the previous year’s USD 4.1 million. Overall, the Company’s vessel leasing revenue reached USD 72.1 million by September 30, 2023, reflecting a 7.4% increase from USD 67.2 million in the same period last year.
Moreover, the Company also experienced a 1.0% increase in gross profit. For Q3-2023, the Company recorded a gross profit of USD 20.6 million, compared to the previous period’s USD 20.4 million. Operating profit also saw a growth of 12.7%, with the Company achieving USD 13.3 million in Q3-2023 compared to USD 11.8 million in the same period the year before.
Finally, the Company reported a net profit of USD 11.6 million in Q3-2023, showcasing a significant surge of 33.7% compared to the previous year’s net profit of USD 8.7 million. Tirta Hidayat, the Company’s Director, attributed this year’s performance growth to the Company’s success in optimizing the utilization of available vessels. “‘Throughout 2023, the Company effectively optimized vessel operation contracts with customers, thereby increasing the Company’s revenue, ultimately driving its performance growth. We witnessed a rather remarkable growth in profitability during 2023,”‘ stated Tirta.
On the financial front, HUMI’s total assets as of September 30, 2023, amounted to USD 254.6 million, showing an increase from the year-end 2022 position of USD 241.2 million. Total liabilities also increased from USD 76.2 million to USD 90.5 million by September 30, 2023. Finally, HUMI’s total equity grew from USD 137.9 million to USD 164.0 million by September 30, 2023.
During this update, Tirta expressed the Company’s optimism in achieving its business growth targets for 2023. “‘We are optimistic about the Company’s performance by the end of 2023, especially with the addition of new vessels, which we expect will drive the performance of HUMI’s subsidiaries in line with the shipping industry’s growth,”‘ added Tirta.
Quoting from the Company’s Initial Public Offering Prospectus, the Company is currently in a business expansion phase. From the IPO proceeds, approximately IDR 170 billion has been allocated for business expansion, including the purchase of vessel units for subsidiaries PT PCS Internasional, PT Humpuss Transportasi Curah, and PT OTS Internasional, with the remaining IDR 80 billion earmarked for working capital.
“‘Our target is to fully utilize the IPO funds by mid-2024, aligned with the increasing demand from our clients. The Company itself targets revenue growth of 83.0% and a net profit increase of 21.0% for the next one or two years, driven by our business expansion plans,”‘ explained Tirta in concluding the press statement.
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For further information, please contact:
Corporate Secretary
PT Humpuss Maritim Internasional Tbk.
Email: corpsec@humi.co.id