PT Barito Renewables Energy (BREN) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached $165.2 million, up 9.8% year-over-year, driven by higher electricity and steam sales to PLN and PGE.

• Net profit for the period was $52.6 million, a 24% increase compared to Q1 2025, reflecting improved operating performance and lower finance costs.

• Total assets as of 31 March 2026 stood at $3.94 billion, with equity attributable to owners at $680.4 million.

Financial highlights

• Operating profit before tax rose to $91.2 million from $77.2 million year-over-year.

• EBITDA margin improved, supported by higher revenue and controlled operating expenses.

• Cash and cash equivalents increased to $168.7 million from $115.0 million at year-end 2025.

• Net cash from operating activities was $77.3 million, up from $62.1 million in Q1 2025.

• Earnings per share for Q1 2026 was $0.00032, up from $0.00026 in Q1 2025.

Outlook and guidance

• Ongoing expansion projects in Salak, Darajat, and Wayang Windu are expected to increase capacity and revenue in subsequent periods.

• Management continues to monitor regulatory and tax developments, with no material exposure expected from new Pillar Two tax rules.