PT Humpuss Maritim Internasional Tbk (“the Company”), known by its stock code “HUMI,” successfully recorded solid financial performance in 2024, as reflected in its recently released audited financial statements. With achievements demonstrating sustained growth and effective expansion strategies, the company is further solidifying its position as a major player in the national shipping and maritime industry.
Strong Financial Growth in 2024
In 2024, Humpuss Maritim saw its net profit increase by USD 368,603, a 2.90% rise compared to the previous year. This growth was driven by positive performance across all its business lines and demonstrates the Company’s consistency in maintaining net profit increases, reflecting successful efficiency strategies and market expansion.
The Company’s revenue reached USD 127,681,245 throughout 2024, a significant 20.02% increase from USD 106,381,904 achieved in 2023. Furthermore, the Company also posted a gross profit of USD 31,167,920, marking a 6.93% increase compared to USD 29,147,245 in the previous year.
Tirta Hidayat, the Company’s President Director, stated that this positive achievement was primarily driven by a 72.11% increase in revenue from the chemical transportation sector compared to the previous year. “The significant growth in demand for vessels transporting chemical products like sulfuric acid and methanol successfully boosted the Company’s revenue in this sector throughout 2024,” Tirta explained.
Additionally, an 8.40% increase in Marine Support sector revenue compared to 2023 served as another positive catalyst for the Company in 2024. “Time charters for all tugboats fueled revenue growth,” Tirta said, indicating a significant fleet expansion in this segment for 2025.
Expansion, Diversification, and Operational Efficiency
Throughout 2024, the Company continued to expand its operational reach by adding to its fleet and strengthening key business segments, particularly through aggressive fleet additions in the chemical and tug assist segments. These investments not only enhanced competitiveness but also supported long-term growth in the increasingly dynamic maritime industry.
Humpuss Maritim’s success in maintaining profitability was also supported by the implementation of cost efficiency strategies and improved risk management. Optimization of shipping routes, operational digitalization, and the use of technology in monitoring vessel management were key factors in achieving this.
Commitment to Sustainability (ESG)
As part of its commitment to sustainability, Humpuss Maritim continues to adopt environmentally friendly initiatives, including more efficient vessel management and carbon emission reduction. The Company also actively contributes to social and sustainability programs that positively impact communities.
Strategic Focus for 2025 and Beyond
Looking ahead to 2025, Humpuss Maritim is optimistic about its strengthening growth strategy. The Company plans to continue investing in fleet development, expanding its global network, and adopting technological innovations to enhance efficiency and market competitiveness.
HUMI President Director, Tirta Hidayat, stated, “Throughout 2025, HUMI aims to acquire 10 vessels and develop LNG logistic support. We have allocated a budget of USD 39.57 million for this. We are also striving to achieve a balance between operational efficiency, customer satisfaction, and sustainability. With the implementation of our Planned Maintenance System and bunker optimization, our entire fleet will positively impact customers, strengthening HUMI’s position as a highly competitive shipping company in the global market.”
HUMI has targeted adding 10 vessels to its fleet, comprising 4 Oil & Chemical Tankers, 5 Tugboats, 1 Platform Supply Vessel (PSV), and LNG logistic support. Tirta noted that in 2025, the Company will remain consistently aggressive with its budget for purchasing Oil & Chemical Tankers to capitalize on opportunities arising from the limited availability of this type of transport vessel.
As of Quarter I/2025, two vessels have already been realized: one Oil & Chemical Tanker, the MT Mac Singapore, and one Oil Tanker, the MT Marlin 88. The MT Marlin 88 boasts an ideal tank capacity of 50,322.80 cubic meters with a deadweight (DWT) of 34,995. With these specifications, the MT Marlin 88 is optimized for transporting clean oil products, including various cargo types such as Pertalite, Pertadex, Dexlite, Pertamax, Pertamax Turbo, Kerosene (Kero), Solar, Biosolar, Intermedia, HOMC, Naphtha, Light Naphtha, and Fame.