JAKARTA, RAKYAT NEWS – The United Tractors Tbk (UNTR), a subsidiary of Astra International (ASII), reported a net profit of Rp 19.5 trillion throughout 2024. Although this figure is substantial, it represents a 5.24% decline compared to the same period in the previous year, which stood at Rp 20.6 trillion. This drop occurred despite a 4.54% increase in the company’s net revenue, which reached Rp 134.4 trillion.

UNTR’s revenue in 2024 was primarily driven by sales to related parties, particularly from the coal mining segment, which contributed Rp 9.2 trillion. However, revenue from this segment decreased compared to 2023, when it reached Rp 13.9 trillion. This decline was one of the factors affecting the company’s overall profit performance.

In addition to coal, UNTR also generated revenue from construction machinery, amounting to Rp 201.8 billion, up from Rp 189.9 billion in the previous year. Other revenue from sales to related parties reached Rp 3.1 billion, bringing the total revenue from this group to Rp 9.4 trillion in 2024.

From third-party transactions, UNTR recorded significant revenue, particularly from construction machinery, which amounted to Rp 32.4 trillion, up from Rp 31.6 trillion in 2023. The company also earned revenue from support services, totaling Rp 16.7 trillion, and from gold and other mineral mining, which contributed Rp 9.9 trillion.

Despite the increase in revenue, UNTR faced rising cost of revenue, which reached Rp 100.5 trillion in 2024, up from Rp 92.7 trillion the previous year. These costs were primarily driven by raw material usage and finished goods costs, which amounted to Rp 27.1 trillion, as well as consumables expenses of Rp 20.7 trillion.

Other expenses impacting UNTR’s performance included employee costs of Rp 12.8 trillion, depreciation and amortization of Rp 11.2 trillion, and subcontractor costs of Rp 10.5 trillion. The increase in these expenses contributed to the decline in the company’s net profit.

On the asset side, UNTR reported an increase to Rp 169.4 trillion in 2024, up from Rp 153.7 trillion the previous year. This growth in assets reflects the company’s expansion and investment efforts, although these have not yet fully translated into higher net profits.

Analysts predict that UNTR’s future performance will be influenced by fluctuations in commodity prices, particularly coal, as well as the company’s operational efficiency. Despite the decline in profit, UNTR remains one of the largest players in the mining and construction sectors, with significant growth prospects still ahead.(Uki Ruknuddin)

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