Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
39.3%Gross margin2
-7.3%Operating margin2
-11.5%Net margin2
5.5%Revenue growth, 20252
-7.2%Return on equity2
0.74×Debt to equity2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Europe And Asia brought in 53% of the revenue Abadi Nusantara Hijau Investama broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Europe And Asia | $170.9M | $177.2M | $175.7M |
| North America | $113.9M | $138.3M | $157.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development1¢$4.1M
- Selling, general and admin34¢$114.5M
- Other costs62¢$204.9M
- Income tax3¢$9.2M
Out of $332.7M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$23.1M
Out of $23.1M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net product revenue | $332.7M | $315.5M | $284.8M |
| Machine lease revenue | $62.3M | $53.4M | $51.5M |
| Net revenue | $395.0M | $368.9M | $336.3M |
| Cost of product sales | $237.2M | $202.9M | $181.3M |
| Cost of leased machines | $27.1M | $26.2M | $31.7M |
| Gross profit | $130.7M | $139.8M | $123.3M |
| Selling, general and administrative expenses | $114.5M | $111.9M | $91.8M |
| Depreciation and amortization expense | $36.0M | $35.1M | $33.8M |
| Other operating expense, net | $4.5M | $5.6M | $5.2M |
| Loss from operations | -$24.3M | -$12.8M | -$7.5M |
| Interest expense | $34.3M | $28.6M | $24.3M |
| Foreign currency gain | -$5.3M | -$1.6M | -$300.0K |
| Loss on extinguishment of debt | $0 | $4.8M | $0 |
| Other non-operating income, net | -$5.8M | -$20.9M | -$200.0K |
| Loss before income tax benefit | -$47.5M | -$23.7M | -$31.3M |
| Income tax benefit | -$9.2M | -$2.2M | -$4.2M |
| Net loss | -$38.3M | -$21.5M | -$27.1M |
| Basic (in usd per share) | -$0.45 | -$0.26 | -$0.33 |
| Diluted (in usd per share) | -$0.45 | -$0.26 | -$0.33 |
| Basic (in shares) | 84.2M shares | 83.1M shares | 82.4M shares |
| Diluted (in shares) | 84.2M shares | 83.1M shares | 82.4M shares |
| Foreign currency translation adjustments | -$3.3M | -$4.2M | $2.0M |
| Interest rate swap adjustments | $0 | -$3.4M | -$7.9M |
| Cross currency swap adjustments | -$100.0K | $0 | $0 |
| Total other comprehensive loss, before tax | -$3.4M | -$7.6M | -$5.9M |
| (Benefit) provision for income taxes related to other comprehensive income (loss) | -$5.8M | $700.0K | -$2.8M |
| Total other comprehensive income (loss), net of tax | $2.4M | -$8.3M | -$3.1M |
| Comprehensive loss, net of tax | -$35.9M | -$29.8M | -$30.2M |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $63.0M | $76.1M | |
| Accounts receivable, net | $47.7M | $43.9M | |
| Inventories | $30.6M | $21.7M | |
| Income tax receivable | $1.9M | $1.8M | |
| Prepaid expenses and other current assets | $10.6M | $7.7M | |
| Total current assets | $153.8M | $151.2M | |
| Property, plant, and equipment, net | $138.7M | $137.6M | |
| Operating lease right-of-use assets, net | $24.0M | $20.9M | |
| Goodwill | $457.2M | $443.7M | $450.1M |
| Intangible assets, net | $291.8M | $312.2M | |
| Deferred tax assets | $400.0K | $100.0K | |
| Other assets | $59.0M | $38.5M | |
| Total assets | $1.1B | $1.1B | |
| Accounts payable | $36.7M | $26.9M | |
| Accrued liabilities and other | $23.9M | $28.5M | |
| Current portion of long-term debt | $5.5M | $5.6M | |
| Operating lease liabilities, current | $3.9M | $4.0M | |
| Deferred revenue | $14.0M | $3.4M | |
| Total current liabilities | $84.0M | $68.4M | |
| Long-term debt | $396.4M | $400.8M | |
| Deferred tax liabilities | $50.7M | $62.0M | |
| Derivative instruments | $33.4M | $1.3M | |
| Operating lease liabilities, non-current | $24.2M | $20.8M | |
| Other liabilities | $1.3M | $2.8M | |
| Total liabilities | $590.0M | $556.1M | |
| Class A common stock, $0.0001 par, 200,000,000 shares authorized at December 31, 2025 and 2024; shares issued and outstanding: 84,385,870 and 83,267,367 at December 31, 2025 and 2024, respectively | $0 | $0 | |
| Additional paid-in capital | $722.3M | $699.6M | |
| Accumulated deficit | -$183.6M | -$145.3M | |
| Accumulated other comprehensive loss | -$3.8M | -$6.2M | |
| Total shareholders' equity | $534.9M | $548.1M | $572.0M |
| Total liabilities and shareholders' equity | $1.1B | $1.1B | |
| Common stock, par value (in USD per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | |
| Common stock, shares issued (in shares) | 84.4M shares | 83.3M shares | |
| Common stock, shares outstanding (in shares) | 84.4M shares | 83.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$38.3M | -$21.5M | -$27.1M |
| Depreciation and amortization | $66.7M | $65.3M | $69.6M |
| Amortization of deferred financing costs | $1.3M | $2.8M | $2.2M |
| Loss on disposal of property, plant, and equipment | $300.0K | $1.2M | $1.4M |
| Loss on extinguishment of debt | $0 | $4.8M | $0 |
| Gain on sale of patents | $0 | -$5.4M | $0 |
| Deferred income taxes | -$7.7M | -$6.9M | -$5.9M |
| Amortization of initial value of interest rate swap | $0 | -$1.2M | -$2.4M |
| Foreign currency gain | -$5.3M | -$1.6M | -$300.0K |
| Stock-based compensation expense | $7.6M | $6.3M | -$10.2M |
| Provision for common stock warrants | $5.1M | $0 | $0 |
| Amortization of cloud-based software implementation costs | $4.1M | $3.6M | $3.0M |
| Unrealized (gain) loss on strategic investments | -$5.8M | $400.0K | $0 |
| Accounts receivable | -$4.4M | -$11.6M | $6.9M |
| Inventories | -$7.5M | -$4.8M | $5.3M |
| Income tax receivable | $0 | -$1.0M | $400.0K |
| Prepaid expenses and other current assets | $1.0M | $600.0K | -$2.3M |
| Accounts payable | $8.5M | $9.1M | -$700.0K |
| Accrued liabilities and other | -$6.9M | $7.8M | $6.6M |
| Change in other assets and liabilities | $4.4M | -$6.5M | $6.1M |
| Net cash provided by operating activities | $23.1M | $41.4M | $52.6M |
| Purchases of converter equipment | -$27.0M | -$28.3M | -$31.4M |
| Purchases of other property, plant, and equipment | -$3.3M | -$4.8M | -$23.9M |
| Proceeds from sale of patents | $0 | $5.4M | $0 |
| Proceeds from sale of property, plant, and equipment | $0 | $0 | $2.9M |
| Cash paid for strategic investments | -$2.5M | -$4.8M | $0 |
| Net cash used in investing activities | -$32.8M | -$32.5M | -$52.4M |
| Proceeds from debt facilities | $0 | $410.0M | $0 |
| Principal payments on term loans | -$4.1M | -$390.9M | -$1.9M |
| Payment of exit costs related to debt facilities | $0 | -$4.3M | $0 |
| Financing costs of debt facilities | $0 | -$10.4M | -$1.0M |
| Proceeds from hedging instruments | $700.0K | $0 | $0 |
| Proceeds from financing arrangements | $1.1M | $700.0K | $3.2M |
| Payments on financing arrangements | -$1.2M | -$1.5M | -$500.0K |
| Payments on finance lease liabilities | -$2.3M | -$1.4M | -$1.1M |
| Tax payments for withholdings on stock-based awards distributed | -$1.2M | -$400.0K | -$500.0K |
| Net cash (used in) provided by financing activities | -$7.0M | $1.8M | -$1.8M |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | $3.6M | $3.4M | $800.0K |
| Net (Decrease) Increase in Cash and Cash Equivalents | -$13.1M | $14.1M | -$800.0K |
Compare Abadi Nusantara Hijau Investama with another company
Timeline
- Feb 8, 2023Went public Listed on Indonesia Stock Exchange1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9