Barito Renewables posts higher 2025 profit on steady geothermal output
Friday, March 20 2026 - 02:58 PM WIB
By Ranuh Rafiani Putri
PT Barito Renewables Energy Tbk (IDX: BREN) reported a rise in net profit for 2025, supported by stable geothermal operations and lower financing costs, the company said on Friday.
The IDX-listed renewable energy firm posted a net profit of $165 million for the year ended Dec. 31, 2025, up 6.5% from the previous year. Revenue rose 1.4% year-on-year to $605 million, while earnings before interest, tax, depreciation and amortisation (EBITDA) stood at $518 million.
The company said its performance was underpinned by consistent output from its geothermal assets, which helped offset weaker wind conditions during the year.
Chief Executive Hendra Soetjipto Tan said in a statement on Friday that the company benefited from disciplined cost management and lower interest expenses following debt optimisation efforts.
Operationally, Barito Renewables completed the Salak retrofit project in the third quarter of 2025, adding 7.7 megawatts (MW) of capacity. Together with the Salak Binary Unit, the company’s total installed geothermal capacity reached 910 MW at end-2025, up 2.7% from a year earlier.
Read also: Barito Renewables reports strong growth in H1 2025 with improved margins
The firm also drilled two exploration wells at the Hamiding prospect in December, confirming a resource potential of around 55–60 MW as part of its expansion pipeline.
In early 2026, the company completed the Wayang Windu retrofit project, further improving plant performance.
Barito Renewables is currently developing Salak Unit 7 and Wayang Windu Unit 3, both targeted to begin commercial operations by the end of 2026. Once completed, the projects are expected to lift the company’s geothermal capacity above 1 gigawatt.
As of end-2025, total assets stood at $3.87 billion, while liabilities fell to $2.98 billion, reducing its debt-to-equity ratio to 2.36 times.
The company said it would continue to focus on expanding its renewable energy portfolio, particularly in geothermal power, to support Indonesia’s energy transition.
Editing by Reiner Simanjuntak