Back to announcement
20260430_BREN_Laporan Informasi dan Fakta Material_32076084_lamp2.pdf
Other Text extracted BRENSource file signed link, expires in 15 minutes
Extracted text 3
Page 1
Press Release
PT Barito Renewables Energy Tbk (IDX: BREN) Announces Its Unaudited Consolidated
Performance for First Quarter 2026
Key Highlights:
• 3M 2026 Consolidated Revenues of US$165 million
• 3M 2026 Consolidated EBITDA of US$145 million
• 3M 2026 Consolidated Net Profit of US$53 million
Jakarta, 30 April 2026 – PT Barito Renewables Energy Tbk (“Barito Renewables”, “BREN” or the “Company”)
today announced its consolidated financial results for the three-month period ended 31 March 2026. The
Company delivered a strong start to the year, supported by stable geothermal operations, improving wind
generation, and continued cost discipline.
Hendra Soetjipto Tan, CEO of Barito Renewables, stated:
"We are pleased to report a strong start to 2026, supported by stable performance across our geothermal
portfolio and a strong contribution from the wind segment, which delivered one of its highest generation levels
since COD. Our geothermal operations continued to provide consistent and reliable output during the quarter.
We also successfully completed the Wayang Windu retrofit in the first quarter of 2026, further strengthening
our operational foundation going forward. Supported by disciplined cost management and lower financing
costs, we achieved improved margins and profitability. As we move forward, we remain focused on executing
our expansion projects and strengthening our position as a leading renewable energy platform in Indonesia."
For the first quarter ended 31 March 2026, the Company recorded consolidated revenues of US$165 million,
an increase of 9.8% year-on-year, driven by stable geothermal generation and strong wind output. EBITDA
rose 11.4% to US$145 million, with EBITDA margin expanding to 87.6% from 86.4% in the same period last
year, reflecting strong operational efficiency and cost discipline. Net profit after tax increased 24.0% year-on-
year to US$53 million, supported by lower financing costs. The Company also maintained a solid balance
sheet, with total assets of US$3.94 billion and a debt-to-equity ratio of 2.23x as of 31 March 2026.
Operationally, the Company continued to strengthen its geothermal portfolio and operational excellence. The
Wayang Windu retrofit project was successfully completed in the first quarter of 2026, increasing the
Company’s total geothermal installed capacity to 926 MW, further enhancing overall plant performance and
efficiency. Going forward, the Company will continue progressing its key expansion projects, including Salak
Unit 7, Wayang Windu Unit 3, and the Darajat Unit 3 retrofit, which are expected to elevate the Company’s
total geothermal capacity to above 1,000 MW by end of 2026.
In addition, Star Energy Geothermal, a subsidiary of the Company, was awarded the PROPER Gold, the highest
environmental award granted by the Ministry of Environment (KLH), recognizing its outstanding
environmental management practices and commitment to sustainable operations that go beyond regulatory
compliance.
Page 2
These achievements reinforce the Company’s continued focus on operational excellence, sustainability, and
responsible energy development in supporting Indonesia’s energy transition, while demonstrating its
commitment to maintaining a disciplined approach to growth, ensuring consistent performance and
sustainable value creation for all stakeholders.
(US$ million, unless otherwise stated) 3M 2026 3M 2025 % Change
Revenues 165 150 9.8%
Expenses before interest and Tax (49) (47) 3.4%
Profit before Interest and Tax 116 103 12.7%
Finance costs (28) (29) -4.9%
Interest income 3 3 -16.9%
Net Profit after Tax 53 42 24.0%
Attributable to:
Owners of the Company 43 34 25.6%
Non-controlling Interests 10 8 17.1%
EBITDA 145 130 11.4%
EBITDA Margin (%) 87.6% 86.4%
Balance Sheet (US$ million) 3M 2026 2025 % Change
Total Assets 3,942 3,867 1.9%
Total Liabilities 3,005 2,984 0.7%
Total Equity 936 884 6.0%
Total Debt 2,089 2,086 0.1%
Net Debt 1,656 1,618 2.4%
Debt to Equity (x) 2.23 2.36
Net Debt to Equity (x) 1.77 1.83
FINANCIAL PERFORMANCE ANALYSIS
Consolidated revenues of US$165 million:
Consolidated revenues for 3M 2026 reached US$165 million, increasing 9.8% year-on-year from US$150
million in 3M 2025. The growth was mainly supported by stable geothermal generation and stronger wind
output during the period.
Consolidated EBITDA of US$145 million:
EBITDA reached US$145 million, reflecting solid operational performance and continued cost discipline.
EBITDA margin improved to 87.6%, compared to 86.4% in the same period last year.
Page 3
Net profit of US$53 million:
Net profit after tax reached US$53 million, supported by lower financing costs. The reduction in interest
expenses reflects the continued impact of debt optimization initiatives implemented in prior years.
Total Assets and Total Liabilities:
As of 31 March 2026, total assets increased to US$3.94 billion, while total liabilities rose slightly to US$3.01
billion. The Company maintained a stable capital structure, with the debt-to-equity ratio improving to 2.23x
and net debt-to-equity ratio at 1.77x.
---- END ----
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
Names mentioned 4 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Ministry of Environment
p.1
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.