[REVISION HISTORY]

Indonesia SOE profit surge, energy expansion and earthquake

Updated 16 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-28 08:47 UTC → 2026-08-28 12:08 UTC · added ~~removed~~

Indonesia’s state-owned enterprises have maintained strong financial performance into mid-2026. PT Pegadaian reported an 84.59% year-on-year increase in net profit to Rp 6.59 trillion for H1 2026, while PT Pelabuhan Indonesia (Pelindo) saw a 60.44% rise in net profit to Rp 2.57 trillion. In the energy sector, PT Pertamina Geothermal Energy (PGE) reported a 15.48% rise in Q2 2026 net profit to US$79.61 million. Following a magnitude 7.7 earthquake in Nusa Tenggara Timur (NTT), humanitarian responses have intensified. Minister of Home Affairs Tito Karnavian is overseeing ~~the acceleration of~~ house damage surveys to facilitate tiered financial ~~assistance, which includes Rp15 million for light damage, Rp30 million for medium damage, and Rp70 million for heavy damage.~~ assistance. Relief efforts involve extensive ~~logistics and medical support. The~~ logistics, including the Indonesian Red Cross (PMI) ~~has dispatched~~ dispatching 33,947 items via ~~sea from Tanjung Priok to Labuan Bajo. InJourney Group has provided 7,950 kg of rice~~ sea, and ~~69,740 liters of drinking water, while Perum Bulog has secured 93,782 tons of rice for food assistance. Logistics have also been extended to isolated areas via~~ the Indonesian Navy's ~~Puspenerbal, which used a Bell 412 helicopter~~ Puspenerbal delivering supplies to ~~deliver 450 kg of supplies.~~ isolated areas via helicopter. Medical aid includes ~~3,000 doses of Tetanus Difteri~~ vaccines from ~~the~~ Bio Farma ~~Group,~~ Group and ~~the Polri Pusdokkes team has provided free medical~~ services ~~to approximately 120 residents at the Barakalong evacuation post. Additional support includes Rp75 million in basic necessities~~ from ~~Petrokimia Gresik and Pupuk Indonesia, and water storage tanks installed by PNM Peduli at~~ the ~~Robo evacuation post.~~ Polri Pusdokkes team. Energy expansion ~~continues alongside recovery. The Ministry of Energy~~ and ~~Mineral Resources (ESDM) has recognized the West Sumatra provincial government for its commitment to geothermal investment.~~ corporate restructuring continue. PT Pertamina (Persero) is ~~currently~~ undergoing organizational ~~restructuring and~~ streamlining to increase efficiency, with a target completion date by the end of 2026. As of June 2026, restructuring for 31 entities has been completed. Alongside this, Pertamina is implementing a ‘Dual Growth Strategy’ to support Net Zero Emission 2060 goals. This strategy focuses on maximizing legacy businesses through increased upstream production and Carbon Capture, Utilization, and Storage (CCUS) technologies, while developing low-carbon businesses like biofuels and geothermal energy. Meanwhile, the Pertamina Drilling Services Indonesia (PDSI) workers' union is advocating for the company to strengthen its role as a drilling competence center to ensure energy resilience.

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