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20260504_BRPT_Laporan Informasi dan Fakta Material_32076807_lamp3.pdf
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Press Release
PT BARITO PACIFIC TBK (IDX: BRPT) ANNOUNCES ITS UNAUDITED CONSOLIDATED PERFORMANCE FOR
THE FIRST THREE MONTHS OF 2026
Key Highlights:
• Consolidated 3M26 Revenues of US$2,570 million (+232% YoY)
• Consolidated 3M26 EBITDA of US$567 million (+288% YoY)
• Consolidated 3M26 Net Profit After Tax of US$271 million (+803% YoY)
Jakarta, 30 Apr. 2026 - PT Barito Pacific Tbk. (“Barito Pacific”, “BRPT” or the “Company”) today released its
unaudited consolidated financial statements for the first three months of 2026:
Agus Pangestu, the Company’s President Director states that:
“The first quarter of 2026 unfolded against a highly dynamic and uncertain backdrop, marked by heightened
geopolitical tensions in the Middle East and a sharp rise in global oil prices. Amid this volatility, our refinery
delivered a record high of quarterly operational performance, translating into resilient results and underscoring
the strength of our core assets.
In 3M26, the Company reported robust EBITDA growth of 288% YoY, reaching a record quarterly high of US$567
million. This was primarily driven by exceptionally strong refinery margins in our Singapore operations,
supported by elevated regional crack spreads, improved product slate optimization, and disciplined feedstock
sourcing. These gains more than offset continued volatility in the petrochemical segment. Together with higher
output from the energy segment, this drove a strong bottom-line performance, with consolidated earnings
before tax rising significantly to US$271 million (+803% YoY).
Maintaining a healthy balance sheet remains critical in navigating ongoing macro and industry volatility. We
continue to uphold a strong liquidity position, with net debt-to-equity stable at 0.77x, reflecting disciplined
capital management and a clear focus on preserving financial flexibility to support our growth plans.
In line with our strategic objectives, we are pleased to announce the successful acquisition of the Esso gas
station network in Singapore, which has been fully consolidated into our earnings since 1Q26. This acquisition
strengthens our downstream ecosystem by expanding our retail footprint and deepening integration across
the value chain. We expect the transaction to be earnings accretive from the outset, supported by resilient
cash flows, margin enhancement, and identifiable operational and commercial synergies.
In energy, Star Energy strengthened its geothermal platform with the successful completion of the Wayang
Windu retrofit in 1Q26, lifting installed capacity to 926 MW. This marks another milestone for Barito Renewable
as we operate slightly more than 1 GW of total capacity, marking a significant step-up in its renewable
footprint.
We entered 2026 on a solid footing, supported by resilient operating performance and early contributions from
our recent strategic initiatives, including the continued integration and growth of Chandra Asri. While the near-
term environment remains dynamic amid ongoing geopolitical uncertainties, we maintain a stance of cautious
optimism, underpinned by our integrated platform, disciplined execution, and diversified portfolio. These
strengths position us well to sustain performance through the cycle. Over the longer term, Barito Pacific
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remains firmly committed to its transformation journey—anchored in innovation, resilience, and disciplined
growth—as we continue to build a stronger, more future-ready group.
Financial Performance:
(US$ million, unless otherwise stated) 3M26 3M25 % Change
Net Revenues 2,570 774 232.0%
Petrochemical 2,404 622 286.5%
Energy 165 150 10.0%
Others 1 1 0.0%
Net Profit after Tax 271 30 803.3%
Attributable to:
Owners of the Company 90 16 462.5%
Non-controlling Interests 180 13 1284.6%
EBITDA 567 146 288.4%
EBITDA Margin (%) 22.06 18.91 3pp
Debt to Capital (%) 55.75 55.98 (0pp)
Net Debt to Equity (x) 0.77x 0.77x
Balance Sheet (US$ million) 3M26 3M25 % Change
Total Assets 17,619 17,353 1.5%
Total Liabilities 11,308 11,308 0.0%
Total Equity 6,311 6,046 4.4%
Total Debt 7,952 7,687 3.4%
Net Debt 4,837 4,680 3.4%
FINANCIAL PERFORMANCE ANALYSIS:
Consolidated net revenue increased 232% YoY to US$2,570 million in 3M26 mainly attributable to:
• Higher net revenue from our subsidiary Chandra Asri Group, owing mostly to extraordinary refinery
performance and integration of ExxonMobil retail assets in Singapore.
• Higher revenue of 9% YoY in renewable energy segment, reaching US$165 million in 1Q26. The growth
was mainly supported by stable geothermal generation and stronger wind output during the period.
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EBITDA reached a quarterly record high of US$567 million
3M26 EBITDA surged 288% YoY to US$567 million as a result of robust refinery margin, integration of our
retail fuel segment and continued cost efficiencies in our renewable energy segment. This translates to a
quarterly record performance in our operational achievement with EBITDA margin of 22% vs. 19% in
previous year.
Consolidated Net Profit After Tax
In line with robust operational achievement, we delivered 3M26 net profit after tax of US$271 million, up
803% YoY.
Total Assets and Total Liabilities
As of 3M26, our Total Assets stood at US$17,619 million. Despite rising volatility and high uncertainty, we
have maintained a strong liquidity profile, with net debt to equity remaining stable at 0.77x.
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About Barito Pacific
Barito Pacific (IDX: BRPT) is an integrated energy and industrial group based in Indonesia, with a diversified
portfolio of power and industrial assets. Through Barito Renewables, BRPT operates renewable energy assets
with a combined capacity of 1,005MW. In partnership with Indonesia Power, a wholly owned subsidiary of PLN,
BRPT also operates the Java 9 & 10 power plant—comprising 2 x 1,000MW ultra-supercritical units designed
for higher efficiency and improved environmental performance. BRPT also holds a controlling stake in PT
Chandra Asri Petrochemical Tbk (IDX: TPIA), Indonesia’s leading integrated chemicals and energy company.
Visit us at: www.barito-pacific.com
For more information, please contact:
Corporate Secretary | Corporate Communications and Investor Relations
PT Barito Pacific Tbk.
Phone: (62-21) 530 6711
Fax: (62-21) 530 6680
Email: corpsec@barito.co.id, Investor.relations@barito.co.id
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