PT Barito Renewables Energy (BREN) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was $500.8m and net income was $160.6m, both above 9M 2025; operating cash flow rose to $249.2m from $165.5m. Figures are unaudited and stated in US$ thousands in the financial statements.

• Total assets reached $4.11bn at 30 September 2026, while total equity rose to $1.01bn from $883.5m at year-end 2025.

Financial highlights

• Revenue was $500.815m vs $457.397m YoY; profit before tax was $278.475m vs $239.446m; net income was $160.645m vs $131.898m.

• Net income attributable to owners was $132.828m vs $106.553m; EPS was $0.00099 vs $0.00080.

• Income tax expense was $117.830m vs $107.548m; finance costs were $85.161m vs $88.006m.

• Total comprehensive income was $174.742m vs $126.193m, including other comprehensive income of $14.097m versus a $5.705m loss.

Outlook and guidance

• Salak Unit 7 development and Salak make-up well drilling were 92% and 97% complete, respectively, at 30 September; both were estimated for completion in Q4 2026.

• Wayang Windu Unit 3 development was 98% complete with Q4 2026 estimated completion; management was still seeking pre-FID approval for the project.

• Darajat Unit 3 retrofit was 99% complete at quarter-end and construction was completed in October 2026.

• Suoh Sekincau’s exploration assignment was extended to 20 June 2027; development depends on successful exploration, financing, government approvals and an attractive PLN tariff.