Pertamina Geothermal Energy stock: Q3 revenue rises 10.46%
Published on 10/31/2026 at 00:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEarnings Gain Momentum
- Revenue for January through September reached US$352.20 million, the highest level in the comparable 2022-2026 period.
- Profit attributable to parent-company owners rose to US$126.63 million, while total assets stood at US$3.01 billion at September 30.
Pertamina Geothermal Energy reported stronger financial performance for the first nine months of 2026, according to Databoks. The Indonesian geothermal producer generated revenue of US$352.20 million through September, up 10.46 percent from the same period a year earlier.
Profit Growth Outpaces Revenue
Profit attributable to owners of the parent entity reached US$126.63 million in the January-September period. Databoks said this represented year-on-year growth of 21.44 percent, while gross profit came to US$203.54 million after main expenses and other direct costs of US$148.66 million.
Revenue was mainly supported by steam and electricity sales to related parties of US$338.95 million. Production allowances sold to third parties contributed a further US$13.25 million.
Asset Base Remains Substantial
As of September 30, 2026, Pertamina Geothermal Energy held total assets of US$3.01 billion, down 0.80 percent from the end of 2025. Liabilities stood at US$955.55 million and equity at US$2.05 billion.
Geothermal Focus In Indonesia
Pertamina Geothermal Energy develops and operates geothermal power generation assets as part of Indonesia's renewable-energy transition. Its business is centered on using geothermal resources to supply reliable electricity and support the country's move toward lower-emission energy.
The company presents geothermal power as a continuously available renewable source and is expanding its role in Indonesia's clean-energy mix. Its operating focus distinguishes it from broader energy groups that combine geothermal assets with other power and fuel businesses.
For investors, the latest figures point to improving earnings momentum, while project execution, electricity sales and capital allocation remain important factors for future results.
Pertamina Geothermal Energy at a Glance
- Company: Pertamina Geothermal Energy Tbk
- Reporting period: January-September 2026
- Revenue: US$352.20 million
- Profit attributable to parent-company owners: US$126.63 million
- Total assets at September 30, 2026: US$3.01 billion
