PT Barito Renewables Energy (BREN) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements audited for years ended 31 December 2025 and 2024, with an unqualified opinion from the independent auditor confirming compliance with Indonesian Financial Accounting Standards.

• The group completed significant acquisitions in the renewable energy sector, including wind and geothermal assets, expanding its operational footprint.

• Management asserts responsibility for the accuracy and completeness of the financial statements and internal controls.

Financial highlights

• Revenue for 2025 was $605.2 million, up 1.4% year-over-year from $596.8 million in 2024.

• Net profit for 2025 reached $165.1 million, a 6.5% increase from $155.1 million in 2024.

• EBITDA and operating cash flow remained robust, with net cash from operations at $228.4 million in 2025.

• Total assets grew to $3.87 billion at year-end 2025, with equity attributable to owners at $636.9 million.

• Earnings per share for 2025 were $0.00099, up from $0.00091 in 2024.

Outlook and guidance

• The group continues to invest in capacity expansion projects in geothermal and wind, with several major projects in progress and expected completion in 2026.

• Management expects continued stable revenue from long-term contracts with PLN and PGE, supported by take-or-pay and inflation-adjusted pricing.