Pertamina Geothermal Energy, ID1000186505

Pertamina Geothermal Energy stock: Profit growth fuels expansion

Published on 11/04/2026 at 01:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pertamina Geothermal Energy stock heads into expansion after stronger nine-month earnings. New geothermal projects are planned through 2034.

Profit Growth Supports Expansion Plans

Net income increased faster than revenue through September 2026, lifting profitability.
Geothermal power generation reached a record for the first nine months and exceeded the period target.
Pertamina Geothermal Energy is advancing projects aimed at expanding installed capacity through 2034.

Pertamina Geothermal Energy, ID1000186505, Illustration mit AI erstellt.

PT Pertamina Geothermal Energy Tbk reported stronger earnings for the first nine months of 2026, with net income rising 21.45 percent year over year. The results, published by Industry.co.id on October 30, cover January through September 2026.

Profitability Outpaces Revenue Growth

Pertamina Geothermal Energy posted net income of USD 126.62 million, compared with USD 104.26 million a year earlier. Revenue increased 10.46 percent to USD 352.20 million from USD 318.86 million, while operating profit advanced 17.44 percent to USD 186.26 million.

Net profit margin rose to 35.95 percent from 32.70 percent. The company also reduced total liabilities to USD 955.55 million from USD 988.89 million at the end of 2025, while cash and cash equivalents stood at USD 713.68 million.

Record Generation Strengthens Pipeline

Electricity production from the company's own operating areas reached 4,114 gigawatt hours in the nine months through September. That was 9.79 percent above the comparable period of 2025 and 108.22 percent of the 3,801 gigawatt-hour target.

Operational reliability supported the result. The equivalent availability factor reached 98.51 percent against a 92.20 percent plan, while the equivalent forced outage rate was 0.21 percent.

Capacity Targets Set Long Horizon

Pertamina Geothermal Energy is advancing the Lumut Balai Units 3 and 4, Hululais Units 1 and 2, and Lahendong Units 7 and 8 projects. The company targets installed geothermal capacity of 1 gigawatt by 2028 and 1.8 gigawatts by 2034.