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20260730_BREN_Laporan Informasi dan Fakta Material_32116167_lamp1.pdf
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Press Release
PT Barito Renewables Energy Tbk (IDX: BREN) Announces Its Unaudited Consolidated
Performance for First Half of 2026
Key Highlights:
• 6M 2026 Consolidated Revenues of US$334 million
• 6M 2026 Consolidated EBITDA of US$293 million
• 6M 2026 Consolidated Net Profit of US$106 million
Jakarta, 30 July 2026 – PT Barito Renewables Energy Tbk ("Barito Renewables", "BREN" or the "Company")
today announced its consolidated financial results for the six-month period ended 30 June 2026. The Company
delivered another strong set of results in the first half of 2026, supported by stable geothermal operations,
continued strong wind generation, and the successful execution of its growth strategy.
Hendra Soetjipto Tan, CEO of Barito Renewables, stated:
"We are pleased to report another strong performance in the first half of 2026. Our geothermal portfolio
continued to deliver stable and reliable generation, while the wind segment maintained strong generation
throughout the period. Following the successful completion of the Wayang Windu retrofit earlier this year, the
operational performance of our geothermal portfolio has been further strengthened. The resilience of our
operating portfolio and the consistent execution of our growth strategy have enabled us to deliver double-
digit growth in revenue and EBITDA, alongside a significant improvement in profitability. As we move forward,
we remain focused on delivering our expansion pipeline and strengthening our position as one of Indonesia's
leading renewable energy companies."
For the six-month period ending 30 June 2026, the Company recorded consolidated revenues of US$334
million, an increase of 11.5% year-on-year, driven by higher electricity sales from both the geothermal and
wind portfolios. EBITDA increased 13.1% to US$293 million, with EBITDA margin improving to 87.6% from
86.3% in the same period last year, reflecting strong operating performance and continued efficiency across
the business. Net profit after tax increased 29.0% year-on-year to US$106 million, supported by stronger
operating profit and lower financing costs. The Company continued to strengthen its financial position, with
net debt-to-equity ratio improving to 1.73x from 1.87x at the end of 2025.
Operationally, the Company continued to deliver stable performance across its geothermal portfolio.
Following the successful completion of the Wayang Windu retrofit in the first quarter of 2026, the Company's
total geothermal installed capacity increased to 926 MW, further enhancing the performance and efficiency
of its geothermal assets. The Company continues to advance its key expansion projects, including Salak Unit
7, Wayang Windu Unit 3, and the Darajat Unit 3 retrofit, which remain on track and are expected to increase
the Company's total geothermal installed capacity to above 1 GW by the end of 2026.
The Company's continued operational excellence and disciplined execution of its brownfield expansion
projects reinforce BREN's commitment to delivering reliable renewable energy while creating sustainable
long-term value for all stakeholders. By maintaining a balanced approach to growth and financial discipline,
the Company remains well positioned to support Indonesia's energy transition and capitalize on future growth
opportunities.
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(US$ million, unless otherwise stated) 6M 2026 6M 2025 % Change
Revenues 334 300 11.5%
Expenses before interest and Tax (101) (95) 6.3%
Profit before Interest and Tax 234 205 13.8%
Finance costs (56) (59) -5.2%
Interest income 6 6 -2.6%
Net Profit after Tax 106 82 29.0%
Attributable to:
Owners of the Company 87 65 33.1%
Non-controlling Interests 19 17 13.0%
EBITDA 293 259 13.1%
EBITDA Margin (%) 87.6% 86.3%
Balance Sheet (US$ million) 6M 2026 2025 % Change
Total Assets 4,043 3,867 4.5%
Total Liabilities 3,098 2,984 3.8%
Total Equity 945 884 7.0%
Total Debt 2,130 2,086 2.1%
Net Debt 1,635 1,656 -1.3%
Debt to Equity (x) 2.25 2.36
Net Debt to Equity (x) 1.73 1.87
FINANCIAL PERFORMANCE ANALYSIS
Consolidated revenues of US$334 million:
Consolidated revenues for the first half of 2026 reached US$334 million, representing an 11.5% year-on-year
increase from US$300 million in the corresponding period last year. The increase was primarily driven by
higher electricity sales from both the geothermal and wind portfolios, reflecting stable geothermal operations
and continued strong wind generation during the period.
Consolidated EBITDA of US$293 million:
EBITDA increased 13.1% year-on-year to US$293 million, outpacing revenue growth and reflecting the
Company's strong operating performance and continued efficiency across its operations. As a result, EBITDA
margin improved to 87.6%, compared with 86.3% in the first half of 2025.
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Net profit of US$106 million:
Net profit after tax increased 29.0% year-on-year to US$106 million, driven by stronger operating profit and
supported by lower financing costs following the Company's ongoing capital structure optimization initiatives.
Total Assets and Total Liabilities:
As of 30 June 2026, the Company continued to strengthen its balance sheet while supporting its growth
initiatives, with the debt-to-equity ratio improving to 2.25x from 2.36x at the end of 2025, providing financial
flexibility to support its ongoing expansion projects.
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About Barito Renewables
Barito Renewables (IDX: BREN) is a leading renewable energy company in Indonesia and the renewable energy
unit of Barito Pacific Group, committed to providing clean and sustainable energy solutions. With a strong
focus on environmental responsibility and community engagement in its operational areas, BREN plays a
crucial role in Indonesia's transition to a greener and more sustainable energy landscape. BREN's subsidiary,
Star Energy Geothermal, currently operates geothermal power plants with a total capacity of 926 MW.
Through Barito Wind, the company also owns the Sidrap wind power plant in South Sulawesi with an installed
capacity of 79 MW. Visit the company’s website at: https://baritorenewables.co.id.
For media inquiries, please contact: externalcommunications@barito.co.id
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