PT Barito Pacific (BRPT) Q2 2025 earnings summary

Executive summary

• Achieved significant revenue growth to US$3.23 billion for the six months ended June 30, 2025, up from US$1.16 billion year-over-year, driven by both petrochemical and energy segments.

• Net profit surged to US$1.72 billion from US$50.3 million year-over-year, reflecting strong operational performance and a substantial one-time gain from acquisitions.

• Major acquisitions included wind and renewable energy assets, expanding the Group’s portfolio and future revenue streams.

• Maintained robust liquidity with cash and cash equivalents of US$3.11 billion as of June 30, 2025.

Financial highlights

• Revenue increased 178% year-over-year to US$3.23 billion for the six months ended June 30, 2025.

• Net profit attributable to owners reached US$539.8 million, with total comprehensive income of US$1.68 billion.

• Gross profit was US$133.8 million, down from US$244.7 million year-over-year, reflecting margin pressure in petrochemicals.

• Other gains and losses included a one-time gain of US$1.75 billion from acquisitions.

• Earnings per share rose to US$0.00576 from US$0.00037 year-over-year.

Outlook and guidance

• Management expects continued volatility in the global petrochemical market due to oversupply and weak demand, especially from China.

• The Group is prioritizing sustainability, digital transformation, and proactive liability management to strengthen its capital structure.

• Ongoing expansion in renewable energy and infrastructure projects is expected to support long-term growth.