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TMAS – Expanding fleet this year Temas (TMAS) has allocated capex of IDR3 tn for the procurement of new fleets, equipment, and facilities for the company and its subsidiaries this year. Moreover, TMAS will distribute a cash dividend of IDR228.2 bn or IDR4 per share for the 2024 fiscal year. Note that, TMAS recorded revenue of IDR4.34 tn (+1% yoy) and net profit of IDR721 bn (-11% yoy) in 2024. The decline in net profit was due to market dynamics and higher fuel prices. (Source : Investor Daily)