Will Add Fleet, Temas (TMAS) Budgets IDR 1 Trillion Capex this Year

Temas (TMAS) budgets capital expenditure (capex) of Rp 1 trillion

KONTAN.CO.ID - JAKARTA. PT Temas Tbk (TMAS) targets capital expenditure or capital expenditure (capex) to reach Rp 1 trillion this year. The budget is used to support the company's expansion plans. The capital expenditure requirement of 20% will be met from internal cash and the rest will come from loans.

Later, most of the capital expenditure allocation will be used to increase the company's fleet of ships. This year, the company targets to add a maximum of 10 vessels.

TMAS President Director Faty Khusumo said the company was lucky enough to be able to add 12 vessels last year. According to him, with the current situation, it will be difficult to get 12 ships at the same price as last year.

"This is one that is a bit difficult to talk about. We want to buy (because) we really need it for investment, for the development of our services. But, as of today, if you want to say we have to buy a ship, it is too expensive and will not be able to enter. to return (capital) in the short term," said Faty, Thursday (9/6).

Nevertheless, Faty ensured that TMAS remains committed to increasing its fleet. 1 unit of the fleet is confirmed to be delivered in the second quarter of 2022. In addition, TMAS also has plans to add 4 other ships. 

"And there is a plan to build a new ship but we are still waiting for the momentum," said Faty.

Just a reminder, TMAS also performed well during the first quarter of 2022 with revenues reaching Rp 1.16 trillion.

This revenue achievement increased by 37.45% year on year (yoy) where in the same period in the previous year TMAS posted revenue of Rp 849.08 billion.

Meanwhile, TMAS' net profit jumped significantly to Rp 357.35 billion in the first quarter of this year. This score increased by 1,139.39% yoy compared to the same period in the previous year which was Rp 28.83 billion.

TMAS Finance Director Ganny Zheng said the company recorded a very good performance over the past year. The company also projects that future performance can also be maintained.

"The composition of both international and domestic transportation volumes continues to grow and the composition for international transportation increases to 15.64 percent and domestic to 84.36%," said Ganny in a Virtual Public Expose, yesterday.

Ganny said that this year, the company was overshadowed by a 21.1 percent increase in fuel costs. To that end, TMAS made an adjustment for transportation costs of 15%.