Radiant (RUIS) Targets Rp 2 Trillion in Revenue Through Acquisition of High-Margin Contracts

Thursday, October 9, 2025 / 3:08 PM WIB

Reporter: Ridwan Nanda Mulyana | Editor: Handoyo

KONTAN.CO.ID - JAKARTA. PT Radiant Utama Interinsco Tbk (RUIS) is actively seeking new contracts in both the oil and gas (oil and gas) and non-oil and gas sectors. RUIS is selectively pursuing contracts with higher margins, thereby boosting profits.

Soeharto Nurcahyono, Director of Radiant Utama Interinsco, revealed that as of the second quarter of 2025, RUIS had secured new contracts worth IDR 1.31 trillion. This far exceeds RUIS' contract acquisition for the same period in 2024, which was IDR 673 billion.

Moving into the third quarter of 2025, RUIS again secured new contracts, bringing its total revenue to IDR 1.64 trillion. This exceeded RUIS's total new contracts for the whole of 2024, which at that time reached around IDR 1.6 trillion.

"Meanwhile, based on the target, by the end of 2025, God willing, we can reach around IDR 1.8 trillion. We are trying to find (new contracts) in businesses with greater profitability," Soeharto told Kontan.co.id after a public expose held on Thursday (October 9).

Soeharto explained that data as of June 2025 showed that RUIS had a total of 332 active projects worth IDR 6.96 trillion, all multi-year projects. Sectorally, RUIS's contracted clients were still dominated by the oil and gas sector (92.3%).

Contracts from non-oil and gas clients contributed 7.7%. Soeharto stated that contributions from non-oil and gas contracts continue to grow. "Compared to the previous period, the oil and gas sector's average contribution is still above 95%," Soeharto added.

RUIS is also expanding its diversification to boost contract contributions and revenue from non-oil and gas clients. In the energy sector, RUIS is targeting contracts in the geothermal and electricity segments, such as rooftop solar power plants (PLTS).

Furthermore, RUIS aims to boost contract diversification by targeting clients in the manufacturing and petrochemical sectors. Currently, RUIS has secured a contract with Chandra Asri Petrochemical for Risk-Based Inspection (RBI) services, with a contract duration of April 2025 - June 2026.

Soeharto is optimistic that contract contributions from non-oil and gas clients will reach double-digit levels by the end of 2027. RUIS's services cover three main business lines: Operations, Maintenance & Engineering Services (OMES), Asset Integrity Services (AIS), and Offshore.

Radiant Utama Interinsco's President Director, Aby Abdullah Ganis, is optimistic that RUIS can maintain sustainable performance. RUIS has also prepared several strategies to seize future growth opportunities.

Although it still contributes significantly to the national energy mix and economy, the oil and gas industry faces several challenges.

Aby highlighted declining production from mature fields, increasingly fierce tender competition, and investment opportunities leading to a transition to renewable energy, which limits the scope for fossil fuel expansion.

"Not to mention the complexity of regulations, as well as global economic uncertainty and oil price volatility. Radiant is committed to maintaining business resilience while seizing growth opportunities amidst the ever-evolving industry dynamics," said Aby.

Double-Digit Profit Growth

In terms of performance, RUIS's top line and bottom line were inconsistent in the first half of 2025. Revenue shrank 9.04% year-on-year (yoy) from IDR 1.03 trillion to IDR 945.03 billion.

Despite the decline in revenue, RUIS's net profit grew double-digitally. RUIS's net profit increased 21.49% yoy from IDR 6.56 billion to IDR 7.97 billion in the first half of 2025.

Zaki Maulana, Director of Radiant Utama Interinsco, revealed that RUIS's net profit growth was primarily driven by margin improvements. Gross profit margin rose from 9.3% to 10.7%. Meanwhile, net income margin increased from 0.6% to 0.8%.

The higher profit margins are due to RUIS being more selective in pursuing contracts. RUIS prefers to target contracts with higher margins, rather than pursuing large contracts with slim margins.

Zaki has not yet disclosed RUIS's financial performance through the third quarter of 2025. He only projects that RUIS's revenue could reach IDR 2 trillion to IDR 2.2 trillion by the end of 2025. "We want to maintain double-digit net profit growth," Zaki added.