Jakarta, 30 April 2025 — PT Citra Nusantara Gemilang Tbk (CGAS), a publicly listed company in Indonesia’s clean energy sector, delivered a strong performance in the first quarter of 2025, recording revenue of IDR 136 billion. This figure represents a 3% increase over the Company’s initial target and surpasses the achievement recorded in the same period in 2024. The growth was primarily driven by rising energy demand in the retail sector, which had a direct positive impact on the Company’s sales revenue.
Building on this solid early-year performance, CGAS is targeting full-year revenue of IDR 650 billion in 2025. The Company remains confident in its ability to achieve this target through continued focus on business development and enhancing customer service.
“The revenue achievement in the first quarter is a strong indicator of CGAS’s positive business trajectory. With this momentum, we are confident that our annual target can be met—if not exceeded,” said Andika Purwonugroho, President Director of CGAS.
As part of its expansion strategy, CGAS plans to open three new Compressed Natural Gas (CNG) Stations in 2025, located in Grobogan (Central Java), Gresik (East Java), and Majalengka (West Java). This initiative aims to broaden the Company’s distribution reach and improve the availability of clean energy across strategic industrial zones on the island of Java. With the addition of these new CNG Stations, CGAS expects to generate an additional IDR 100 billion in revenue by the end of 2025.
In addition, CGAS is preparing to expand into the Liquid Natural Gas (LNG) segment this year, with a focus on the eastern Java and Bali markets. This diversification effort is part of the Company’s commitment to providing broader and more integrated clean energy solutions.
“We believe that infrastructure development is key to expanding our market presence and strengthening CGAS’s position in the clean energy industry. With a combination of solid financial performance and strategic expansion, we are ready to deliver sustainable value to our shareholders and business partners,” concluded Andika Purwonugroho.
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