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2026-07-31 05:36 UTC → 2026-07-31 08:59 UTC ·
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The profit upswing among Indonesia’s state‑owned enterprises persisted kept delivering strong results into late 2026. PT Pertamina Geothermal Energy reported posted a 15.5% year‑on‑year rise in net profit to US$79.6 million in Q2, with revenue climbing up 14.7% to US$235 million. Geothermal output reached million as geothermal generation climbed to 2,745 GWh, up 13.6%, and a 13.6% increase. CFO Fransetya Hasudungan Hutabarat credited the company outcome to a disciplined, sustainable strategy, favorable exchange‑rate effects and reliable plant operation. The firm’s equity stood at US$2.01 billion and liabilities fell 2.8%, reinforcing its balance sheet while it now operates roughly 70% of the nation’s Indonesia’s geothermal capacity, reinforcing Indonesia’s a key pillar of the country’s clean‑energy transition. Its balance sheet strengthened, with equity at US$2.01 billion and liabilities down 2.8%. PT Bank Rakyat Indonesia continued to expand under its “BRIvolution Reignite” agenda, lifting total drive, expanding assets by 7.2% to Rp2.250 trillion and credit to Rp1.562 trillion in Q1 2026. Net maintaining net profit held at Rp15.5 trillion, while third‑party funding grew 9.4% and trillion. In July, the cost bank offered a limited quota of funds fell. The bank’s equipment‑financing arm expects steady demand despite pending revisions to the coal RKAB plan, and it had disbursed KUR loans worth Rp103.81 trillion tickets to about 2 million MSMEs by June. BRI also sponsored the Twilite Orchestra’s 35th‑anniversary concert, illustrating concert exclusively through its broader corporate‑social‑impact push. The combined performance BRImo app, after the event sold out within an hour of public sales. The concert, co‑organized with the Adinda Bakrie Foundation and PT Summarecon Agung, is slated for 6 September 2026 in Jakarta and reflects BRI’s effort to add value for customers while supporting Indonesia’s creative‑industry ecosystem. Together, these SOEs underscores developments underscore the durability of Indonesia’s broader economic recovery and ongoing Danantara‑led reforms.