PT Energi Mega Persada Tbk (ENRG) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2026, reached $283.4 million, up 18.5% year-over-year from $239.1 million in 2025.

• Net profit attributable to owners was $45.2 million, a 26.6% increase from $35.7 million in the prior year.

• The Group's total assets grew to $1.97 billion as of June 30, 2026, from $1.82 billion at December 31, 2025.

• The Group continues to expand in oil, gas, and renewable energy, with significant new contracts and asset developments.

Financial highlights

• Gross profit rose to $120.2 million, up 42.2% year-over-year.

• Operating income increased to $109.5 million from $74.1 million year-over-year.

• EBITDA and EBIT margins improved, with net comprehensive income at $45.9 million, up from $35.5 million.

• Basic/diluted EPS was $0.00171, up from $0.00144 year-over-year.

• Cash and cash equivalents at period end were $114.7 million, up from $62.2 million at year-end 2025.

Outlook and guidance

• Management is focused on reducing liabilities, refinancing, and accelerating commercialization of business units.

• Plans include expansion into midstream, downstream, and renewable energy sectors.

• The Group is actively seeking new assets and partnership strategies to enhance value.