Agung Menjangan Mas Tbk PT

The company maintains a strong liquidity position, with cash and equivalents of IDR 6.67 billion and a current ratio of 48.32, indicating significant short-term asset coverage over liabilities. However, its operating cash flow is negative at IDR -5.05 billion, and free cash flow is also negative at IDR -1.65 billion, suggesting operational inefficiencies or high capital outlays. Profitability is weak, with a net loss of IDR 457.27 million and an operating loss of the same amount, resulting in negative returns on equity and assets of -0.63%. Gross profit of IDR 3.41 billion is insufficient to cover operating expenses, highlighting a need for cost optimization or revenue diversification. The company operates in two segments: Service and Office Rent. While the aquaculture support services are its core, the rental of land and office units contributes to revenue diversification. The company owns 50,000 square meters of land in Buleleng Regency, which is rented out. Growth appears constrained, with no clear revenue expansion in recent periods. Capital expenditures of IDR 2.5 billion suggest ongoing investment in infrastructure, but without a corresponding increase in operating income, the return on these investments is uncertain. Risk factors are limited, with no immediate liquidity or dilution concerns. The company has no long-term debt and a low dilution risk, with basic and diluted shares outstanding remaining equal at 1.2 billion. Recent filings and transcripts do not indicate material events or strategic shifts. The company’s operations remain focused on aquaculture support and property rentals, with no disclosed plans for expansion or diversification.