PT Barito Renewables Energy (BREN) investor relations material

Executive summary

• Interim consolidated financial statements cover the six months ended 30 June 2026 and 2025, unaudited, with comparative data as of 31 December 2025.

• The Board of Directors confirms responsibility for the accuracy and completeness of the financial statements, prepared in accordance with Indonesian Financial Accounting Standards.

Financial highlights

• Revenue for the six months ended 30 June 2026 was $334.4 million, up 11.5% year-over-year from $300.1 million.

• Net profit for the period was $106.0 million, a 29% increase from $82.1 million in the prior year.

• EBITDA and EBIT not explicitly stated, but profit before tax was $183.6 million, up from $152.3 million year-over-year.

• Earnings per share rose to $0.00065 from $0.00049 year-over-year.

• Total assets as of 30 June 2026 were $4.04 billion, up from $3.87 billion at 31 December 2025.

• Total equity increased to $944.99 million from $883.52 million at year-end 2025.

Outlook and guidance

• Ongoing expansion projects in Salak, Darajat, and Wayang Windu geothermal fields, with significant construction in progress and expected completions in late 2026 and 2027.

• Management continues to monitor regulatory, tax, and operational risks, with no material adverse changes expected.