PT Energi Mega Persada Tbk (ENRG) Q1 2026 earnings summary

Executive summary

• Interim consolidated financial statements for the three months ended March 31, 2026, have been audited and present fairly in all material respects, in accordance with Indonesian Financial Accounting Standards.

• The Group recorded a deficit and current liabilities exceeded current assets as of March 31, 2026, raising material uncertainty about going concern, but management has outlined mitigation plans.

Financial highlights

• Net sales for Q1 2026 were USD 136.94 million, up from USD 117.05 million in Q1 2025.

• Net profit for Q1 2026 was USD 18.31 million, compared to USD 17.98 million in Q1 2025.

• Total assets as of March 31, 2026, were USD 1.87 billion, up from USD 1.82 billion at December 31, 2025.

• Total liabilities as of March 31, 2026, were USD 1.02 billion, up from USD 1.00 billion at December 31, 2025.

• Net equity as of March 31, 2026, was USD 841.3 million.

• Basic/diluted earnings per share for Q1 2026 were USD 0.00070.

Outlook and guidance

• Management is implementing measures to address going concern, including liability reduction, refinancing, accelerating commercialization, asset acquisition, business expansion into midstream/downstream and renewables, and partnership strategies.