Press Release
DSSA Reports Financial Performance, Expands Investments in the Sustainable Sector
Jakarta, March 21, 2025 – PT Dian Swastatika Sentosa Tbk (IDX: DSSA) (“DSSA” or “the Company”) today announced its consolidated financial statements for the fiscal year ended December 31, 2024. Throughout 2024, the Company recorded consolidated revenue of USD 3 billion, reflecting solid performance amid global industry dynamics.
The majority of the revenue was contributed by the mining segment, with subsidiaries generating USD 2.7 billion, or 92% of total consolidated revenue. Other business segments—including technology, new & renewable energy, chemicals, and investments—also posted positive performance, further strengthening the Company’s financial fundamentals.
The Company reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of USD 734 million in 2024. Net profit for the year reached USD 542 million, reflecting a 37% adjustment compared to USD 865 million in the previous year.
L. Krisnan Cahya, President Director of PT Dian Swastatika Sentosa Tbk, stated,
“We continue to optimize the growth potential of our subsidiaries through strategic business expansion to ensure sustainable growth. Amid ongoing industry developments, we see significant opportunities to broaden our presence, particularly in the renewable energy and technology sectors. We are also implementing various innovative initiatives to further strengthen DSSA’s position as an industry leader focused on long-term growth.”
Business Transformation for Sustainable Growth
In response to the evolving market landscape, DSSA continues to implement strategic initiatives by expanding into high value-added segments, particularly new & renewable energy and technology, while upholding sustainability principles. This commitment is demonstrated through increased investment in digital infrastructure and green energy, in line with ESG principles.
As part of its digital transformation strategy, DSSA, through its subsidiary PT Eka Mas Republik (MyRepublic Indonesia), has continued to expand its internet and multimedia service coverage to strengthen market penetration. By the end of 2024, MyRepublic Indonesia had reached over 6 million households across more than 140 cities and regencies throughout Indonesia, serving 1 million customers.
Additionally, DSSA has established strategic partnerships in technology investments, including the development of a cutting-edge data center powered by artificial intelligence (AI), located in the Kuningan area of South Jakarta. This initiative aligns with the Company’s vision to support national digital transformation and to build competitive, innovative technology infrastructure.
As part of its sustainability commitment, DSSA, through its subsidiary PT Golden Energy Mines Tbk (GEMS), continues to allocate resources toward green energy. This includes implementing eco-friendly electricity, utilizing electric vehicle (EV) fleets, optimizing the use of renewable energy, and executing land reclamation programs to support carbon absorption in mining operations.
DSSA is also sharpening its focus on various strategic projects within the new & renewable energy segment. These initiatives include the development of geothermal energy, solar PV developer, and a fully integrated solar panel manufacturing facility with a total capacity of 1 gigawatt (GW) per year which has been completed in Kendal, Central Java.
With a solid business foundation, DSSA is well-positioned to face future challenges through adaptive and innovative strategies. The Company will continue to explore strategic investment opportunities to strengthen competitiveness, drive sustainable growth, and deliver long-term value for shareholders and stakeholders alike.
For further information, please contact:
Marissa Anugrah
Head of Corporate Communications
PT Dian Swastatika Sentosa Tbk
About PT Dian Swastatika Sentosa Tbk
Founded in 1996, PT Dian Swastatika Sentosa Tbk (DSSA) is a leading energy and infrastructure company in Indonesia and part of the Sinar Mas Group. DSSA operates in multiple business segments including mining, renewable energy, technology, chemicals, and investments. DSSA and its subsidiaries offer a wide range of products and services—from coal and chemicals to pay TV, internet services, and data centers. Through strategic investments and business expansion, DSSA aims to deliver long-term value while fostering sustainable growth.
To learn more about our latest businesses and initiatives, please visit: www.dssa.co.id