Coal Average Selling Price Increase

For the year 2022 results, TOWR posted a 27.8% increase in revenue, which on a YoY basis rose to IDR 11.035 T. As for EBITDA grew by 28% YoY to IDR 9.516T (FY21: IDR 7.434 T). Unfortunately, financial expenses increased 80.4% YoY in 2022 to IDR 2.392 T (FY21: IDR 1.370 T). The contribution of financial expenses, namely interest expense, is quite significant, which causes net profit to be eroded. Moreover, FY 2022 Net Profit is quite flattish at IDR 3.442 T (FY21: IDR 3.427 T; +0.4%).

Asset Growth

For the year 2022 results, TOWR posted a 27.8% increase in revenue, which on a YoY basis rose to IDR 11.035 T. As for EBITDA grew by 28% YoY to IDR 9.516T (FY21: IDR 7.434 T).

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