In the spirit of Ramadan, KCT Group held an Iftar Gathering themed “STRONG Integration: Self Refinement during Ramadan and Journey to Become Excellent” on Wednesday, March 11, 2026, at the 7th Floor of Grha KCT.

The event served as a moment of reflection while strengthening the bond between management and employees. Amid daily work dynamics, Ramadan is embraced as a time to realign intentions, reinforce values, and build stronger collaboration.

Through a warm and engaging atmosphere, the gathering is expected to enhance synergy and drive collective progress towards excellence.

We Are STRONG...!! Yes We Are...!! 💪

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) successfully held its Annual General Meeting of Shareholders (AGMS), Extraordinary General Meeting of Shareholders (EGMS), and Public Expose in Surabaya on March 9, 2026. During the meeting, the Company officially approved a cash dividend distribution of Rp126 billion (equivalent to Rp17 per share) from the 2025 fiscal year net profit.

As a strategic move to strengthen its capital structure, ELPI plans to conduct a corporate action through a rights issue of approximately 2.11 billion new shares. The proceeds will be allocated toward fleet expansion, strengthening working capital, and increasing operational capacity. Furthermore, the Company highlighted its business diversification strategy into the EPCI and subsea sectors to ensure sustainable growth and long-term value for all stakeholders.

PT Pelayaran Nasional Eklya Purnamasari Tbk. (ELPI) received an investment loan of Rp395.2 billion from PT Bank Mandiri (Persero) Tbk. (BMRI). In a disclosure, ELPI management reported that the loan facility was granted on February 24, 2026.

ELPI's Corporate Secretary, Wawan Heri Purnomo, detailed that the credit facility consists of an investment credit IX of Rp280 billion and an investment credit X of Rp115.2 billion.

He explained that investment credit IX will be used to procure six vessels, consisting of Offshore Support Vessels/Offshore Supply Barges (OSV/OSB), Harbor Tugs, Crew Boats, and Pilot Boats. The purpose of procuring these vessels is specifically for PT Layar Nusantara Gas contracts.

Meanwhile, investment credit X will be used to procure four new vessels of the Offshore Support Vessel (OSV) and/or Crew Boat type.

“All vessels financed will be used as collateral and secured by mortgages in accordance with the Bank's provisions,” said Wawan in a disclosure, quoted on Wednesday (25/2/2026).

Investment Credit Facility IX is Committed, Non-Revolving, and Advised with a term of 96 months. Meanwhile, Investment Credit Facility X is Uncommitted, Non-Revolving, and Advised, and can become committed after fulfilling certain requirements, and uncommitted for 81 months.

Furthermore, Wawan said that the Investment Credit Facility IX has secured an 18-year contract for Floating Liquid Natural Gas (FLNG) in Bintuni Bay, West Papua. In addition, this credit facility has an impact on increasing the shipping company's revenue.

“The certainty and increase in revenue provide going concern certainty and strengthen the Company's position in the Offshore Support Vessel sector,” he said.

Orela-ELPI, through a collaboration with Innovate UK, the British Embassy in Jakarta, and academic and industry partners from Indonesia and the UK, is supporting the development of Indonesia's first marine-based Floating Solar Photovoltaic (FPV) project located on Gili Ketapang Island, East Java.

The project, developed by Solar2Wave, is a collaboration between Cranfield University, the Sepuluh Nopember Institute of Technology (ITS), Pattimura University, and industry partners including Orela Shipyard and Achelous Energy Ltd. The 27.2 kW FPV system is designed to operate in nearshore marine environments as a clean energy solution for small islands.

Not only does it provide environmentally friendly electricity, but this project also supports the improvement of coastal communities' welfare through the use of energy for productive activities, such as providing ice and cold storage for fishermen to maintain the quality of their catch. This initiative is in line with the commitment to support energy transition, reduce carbon emissions, and strengthen the sustainable economy of coastal communities.

KCT Group held a talkshow titled “Zero Tolerance on Harassment: Respect at Work” on Friday, February 6, 2026, at the 7th Floor of Graha KCT and attended in a hybrid format via Zoom by employees outside Graha KCT. The session featured Mr. Wawan Heri Purnomo as the speaker, aiming to strengthen employees’ awareness of the importance of fostering a safe, professional, and respectful work environment.

Through this initiative, KCT Group reaffirmed its commitment to implementing a zero-tolerance policy toward any form of harassment in the workplace, while encouraging all employees to take an active role in building a healthy, inclusive culture aligned with STRONG values.

Energy industry shipping service provider PT Pelayaran Nasional Ekalya Purnamasari Tbk. (ELPI) has issued an official statement regarding the dynamics of its share price movements, which triggered a temporary suspension by the Indonesia Stock Exchange (IDX) earlier this week. ELPI Corporate Secretary Wawan Heri Purnomo emphasized that the suspension was purely a cooling-off period due to unusual market activity (UMA) and was not caused by regulatory violations or fundamental problems. "We would like to clarify that this suspension was not due to any material violations, reporting omissions, defaults, or legal issues such as PKPU. This step is part of the exchange's self-regulatory organization (SRO) function to give investors time to carefully consider their decisions," Wawan stated during an Incident Public Expose in Surabaya on Thursday (February 5, 2026). He explained that management noted that ELPI's stock price had been highly volatile since January 2026, moving from the Rp800 level to reaching the upper auto rejection limit (ARA) at Rp1,405 on January 22, before eventually normalizing through market mechanisms. Responding to this volatility, he believes that market confidence is driven by the company's increasingly solid fundamentals. ELPI has just secured a long-term contract worth Rp2.39 trillion with a duration of 18 years. This contract involves the operation of six new fleets in the upstream oil and gas sector. Wawan added that the company is also accelerating its international penetration. Currently, one of ELPI's fleets is officially operating in Abu Dhabi, United Arab Emirates, as part of its vision to become a world-class shipping company.

“Our diversification focuses on productive capital expenditure. We currently manage a total of 115 fleets, of which 106 units are our own offshore vessels. We are not only adding assets, but also ensuring that each investment provides a multiplier effect for the company's economy,” he explained. To support this year's aggressive growth target, he said, ELPI is preparing to take corporate action in the form of capital increase through Pre-emptive Rights (HMETD) or rights issue. The company plans to issue a maximum of 2.03 billion new shares. "All funds raised will be allocated for investment development and strengthening the capital structure. The company plans to hold a General Meeting of Shareholders (GMS) to seek shareholder approval on March 9, 2026," he said. To date, he said, the company's shareholder structure remains stable with a free float of 15%. Management also reaffirmed its commitment to sustainability principles through fuel efficiency innovations and green port programs. “Our financial performance has continued to record positive growth since the IPO. We are optimistic that with strong fundamentals and measured corporate action plans, ELPI will continue to provide sustainable added value for shareholders,” said Wawan.

As part of the company’s commitment to Occupational Health and Safety (OHS), KCT Group commemorates the National OHS Month 2026, held from 19 January to 12 February 2026. This period serves as an important momentum to strengthen a safe, healthy, and sustainable work culture across all work environments.

Through a series of planned activities and competitions, all STRONG People are encouraged to actively participate in promoting OHS awareness as an integral part of professional work practices.

To support the development of competencies and the strengthening of STRONG People’s character, KCT Group’s Human Capital Department will conduct a series of Training & Workshops from January to February 2026. These programs are designed to equip employees with practical skills, a deeper understanding of company values, and increased awareness of workplace safety.

The training sessions include Let’s Execute The Project, STRONG – Value & Way of Life, Public Speaking, and Safety Awareness, with limited participant quotas for each class. This initiative reflects the company’s commitment to developing competent, adaptive, and competitive human resources.

As part of strengthening internal communication and aligning the company’s vision, KCT Group will hold the Townhall Meeting for Semester I of 2026 on 15 January 2026. This event serves as an important moment for all STRONG People to receive strategic directions directly from the Board of Directors, while also marking the beginning of Phase II of KCT Group’s development.

Designed with a fresher and more interactive concept, the Townhall will commence at 2:30 PM WIB on the 7th Floor of Graha KCT, starting with a series of games at designated stations. This event is expected to be a gateway to a new journey in 2026, igniting the spirit of The Game Changer across the organization.

As part of ELPI’s commitment to corporate social responsibility, ELPI, in collaboration with Orella, Pertamina Foundation, and Institut Teknologi Sepuluh Nopember (ITS), held a CSR Project Kick Off Meeting on December 16, 2025. Conducted at Epalfa and Etzomer, this meeting marked the initial coordination for the implementation of a CSR project in Ujungpangkah, aimed at delivering sustainable benefits to the local community.

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) announced its success in winning the Marine Fleet Charter tender awarded by PT Layar Nusantara Gas (PT LNG) to support the Genting Floating Liquefied Natural Gas (FLNG) Project.

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI), through its affiliate PT Orela Shipyard (Orela), has officially launched its latest ESG program entitled Sinar Alam Laut (Sinala), a renewable energy initiative to support increased productivity and safety in aquaculture. The program is located in Ngemboh Village, Ujung Pangkah District, Gresik Regency.

The Sinala program utilizes Floating Photovoltaic (FPV) technology as the main energy source to operate Lampu Nusantara (Lamusa), a CCTV security system, and IoT devices on floating cages. With this innovation, Sinala provides an environmentally friendly solution to overcome two major challenges faced by fish farmers, namely high fish mortality due to limited natural feed and rampant fish theft in cage areas.

ELPI posted a net profit of Rp186.81 billion in the third quarter of 2025, with EBITDA reaching Rp314.25 billion and an EBITDA margin of 41 percent.

KCT Group alongside this year’s Journey has held several training class. These programs was set to enrich and strengthen the STRONG competency among employee. One of the program is “Effective Communication in the Workplace (Vecation Place)”. This training was classified as Operative Development Program (ODP), and a mandatory one for every employee. The latest class was held on October 9th, 2025; delivered by Weepy Grace (Talent Acquisition Superintendent) and participated mostly by our new member. Vecation Place set goals to make STRONG People have same way of communicating in office daily life.

PT Pelayaran Nasional Ekalya Purnamasari Tbk in partnership with Bizplus.ID Surabaya has committed to strengthen the internal expertise in Quality Management System by conducting an in-house training “Internal Auditor Workshop focusing on ISO 9001, and awareness of ISO 14001, and ISO 45001.” The workshop was held on September 30, October 1, 7, and 8 at Graha KCT, delivered by in-class seminar, discussions, case studies, and a role play as Auditor and Auditee. Our leaning partner was encouraging participants to enhance their level of knowledge in Quality Management, and practicing as an Auditor to deliver company’s value proposition as: Safe, Reliable & Efficient.

PT PNEP Tbk’s vision is to be a world-class company, in partnership with ESQ Leadership Center has conducted “English for Business program”. Objective of this program was to enhance employee’s proficiency level in English usage, especially in Business and Marine term. The program designed to make sure Employees had a good level in writing, presentation and conducting meetings, either among peers and with Company’s client overseas.

PT Pelayaran Nasional Ekalya Purnamasari Tbk once again demonstrated its role in supporting the development of the younger generation through its participation in the UBAYA Career Fair on September 17, 2025. During the event, the company introduced its profile, work culture, and career opportunities available in the national shipping industry. The ELPI booth attracted the attention of enthusiastic students and recent graduates seeking information about the world of work, particularly in the maritime industry. Through this event, ELPI hopes to attract potential talents who are ready to grow and contribute to the advancement of the company and the Indonesian shipping industry.

As a manifestation of its commitment to workplace safety, PT Pelayaran Nasional Ekalya Purnamasari Tbk held a First Aid Training for its Emergency Response team on September 11, 2025. This training provided both theoretical knowledge and hands-on practice in first aid techniques for various emergency situations, ranging from wound management to critical situation simulations. Through this initiative, it is hoped that every team member will become more prepared, responsive, and skilled in maintaining safety and providing swift assistance in the workplace.

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) sees a growing demand for shipyard services, both for new shipbuilding and repairs.

To anticipate this surge in demand, the company plans to increase its production capacity by up to 30%. ELPI Corporate Secretary Wawan Heri Purnomo said that currently, the capacity utilization at the company's shipyards in Gresik and Samarinda-Balikpapan is already at full capacity.

“In terms of capacity, we are already at full capacity. One shipyard can handle around 1,500 tons per year, and currently, the order load is already overloaded. Therefore, we are expanding so that we can accommodate demand,” he told Kontan on Thursday (4/9/2025). According to Wawan, the current market demand trend is relatively higher for repair and maintenance services. However, in terms of production capacity, new shipbuilding is more dominant. This is because new shipbuilding can be directly estimated based on size and tonnage specifications. “Repairs are more fluctuating in nature. Meanwhile, for new ships, such as 40 meters or 30 meters, the production capacity is clear and measurable,” he explained.

Source: Kontan

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) has recorded a surge in demand for shipyard services, both for new shipbuilding and repair services. To anticipate this trend, the company plans to increase its production capacity by up to 30%.

ELPI Corporate Secretary Wawan Heri Purnomo explained that the utilization rate of ELPI's two shipyards—located in Gresik and in the Samarinda-Balikpapan area—has already reached its maximum capacity.

“In terms of capacity, we are already at full capacity. One shipyard can handle around 1,500 tons per year, and currently, orders are already overloaded. Therefore, expansion is a strategic step to capture market opportunities,” he said on Thursday (September 4, 2025).

High Demand, ELPI Rejects External Orders

Current market demand comes mainly from the ship repair and maintenance sector. However, in terms of capacity, new shipbuilding still dominates because it can be calculated precisely based on the size and specifications of the ship.

“Repairs are more volatile. But for new ships—for example, 30 or 40 meters—the production capacity is clear and can be planned,” said Wawan.

ELPI is currently working on nine new ships, ranging from multipurpose vessels, tugs and barges, to crew boats. The construction process takes 16 to 18 months, including sea trials and classification processes.

“Because our capacity is full, we have even rejected several external requests for shipbuilding. However, we continue to provide repair services to maintain our relationship with customers,” he added.

Challenges: Raw Material Imports and Pressure from Used Chinese Vessels Despite his optimism about the market's potential, Wawan highlighted a number of challenges that still loom over the national shipbuilding industry. One of them is the high dependence on imports of raw materials and components, such as main engines, generators, propellers, and even small components. “Ship engines are customized, so new manufacturers only produce them after there is demand. This makes the supply chain longer and more complex,” he said. In addition, competition with used ships from China is also a challenge. Ten-year-old used ships are still in high demand because they are much cheaper than building new ships domestically. “If there are no regulations limiting the age of imported ships, the trend of purchasing used ships will continue to suppress the growth of the national shipbuilding industry,” said Wawan. Regulatory Support Needed ELPI believes that policies that are more favorable to the domestic maritime industry are needed, including fiscal incentives and restrictions on the age of imported ships. With the right regulatory support, the company is confident that the national shipbuilding industry can grow more competitively and sustainably.

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) strengthened the capital structure of its subsidiary, PT ELPI Trans Cargo (ETC), which is engaged in logistics and cargo transportation services.

In this corporate action, ELPI contributed additional capital of IDR 9.9 billion through the issuance of 9,900 new shares. Meanwhile, its strategic partner, PT Kreasi Cipta Timur (KCT), contributed IDR 100 million in capital through 100 shares.

However, ETC's ownership composition remains unchanged, with ELPI still holding 99 percent of shares worth IDR 29.7 billion, while KCT controls 1 percent of shares worth IDR 300 million.

ELPI management revealed that the additional capital will have a positive impact on the liquidity, financial stability, and operational capacity of the subsidiary.

“With this additional capital, ETC's liquidity will improve. This supports financial stability and provides the potential for increased revenue, which will be consolidated into ELPI's financial statements as a whole,” management wrote in a disclosure to the Indonesia Stock Exchange (IDX) on Friday (August 1, 2025).

Source: IDX Channel

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) made history by becoming the first Indonesian maritime contractor to win a prestigious international award, the ExxonMobil Ruby Award 2024.

This award was presented directly by ExxonMobil on August 22, 2025, in recognition of ELPI's outstanding performance, strategic contributions, and commitment to supporting global energy projects with high standards of safety, efficiency, and sustainability.

ELPI was recognized for its success in responding quickly to critical situations, providing replacement vessels, and securing all necessary approvals from authorities to ensure that client operations were not disrupted. This achievement demonstrates the professionalism and competitiveness of the national shipping industry on the global stage.

For ELPI, this award motivates it to continue innovating, maintaining high standards, and strengthening strategic partnerships, while reinforcing the company's roadmap to become a leading logistics partner in the energy sector.

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) has released its financial report for the first half of 2025. Despite a decline in revenue, the company was able to maintain net profit growth compared to the same period last year.

Quoting the financial report released on Tuesday (7/29), ELPI posted a current year profit attributable to owners of the parent entity, or net profit, of IDR 136.60 billion. This profit increased by 43.29% compared to the net profit in the first half of 2024 of IDR 95.33 billion.

Amidst this growth in net profit, ELPI's revenue actually declined by 7.11%, from Rp 585.27 billion in the first half of 2024 to Rp 543.65 billion in the first half of this year.

In line with the decline in revenue, ELPI's cost of revenue also decreased by 11.77% to Rp 403 billion. ELPI also managed to generate a gross profit of IDR 140.64 billion, which is 9.46% higher than IDR 128.48 billion in the same period last year.

In addition, ELPI also recorded a 12.44% increase in general and administrative expenses to IDR 23.89 billion.

Source: Kontan