Pertamina Geothermal Energy, ID1000186505

Pertamina Geothermal Energy stock reports 15.48 percent profit growth

Published on 10/07/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pertamina Geothermal Energy stock posted USD 79.605 million in first-half net income on October 5, 2026. Production reached 3,222 GWh through July.

Pertamina Geothermal Energy, ID1000186505, Illustration mit AI erstellt.

Pertamina Geothermal Energy stock (ISIN ID1000186505) was last at IDR 1,005 on the Indonesia Stock Exchange on October 7, 2026 at 3:24 p.m. WIB, up 0.50 percent from the previous close. The company's first-half results provide the stronger signal: net income reached USD 79.605 million, an increase of 15.48 percent from the same period in 2025.

Profit growth sets the tone

According to ANTARA on October 5, 2026, revenue reached USD 235.0 million through June 30, 2026, up 14.7 percent from USD 204.9 million a year earlier. The report also put first-half equity at USD 2.0 billion and liabilities at USD 961.2 million after a 2.8 percent decline from the end of 2025.

The operating figures explain why revenue and earnings moved together. Production reached 3,222 GWh through July 31, 2026, up 12.7 percent from 2,859 GWh in the comparable period, while the full-year production target is 5,255 GWh versus 5,095 GWh in 2025, according to Dunia Energi on October 5, 2026.

Expansion adds a second driver

Lumut Balai was the clearest growth engine, with output up 85.5 percent to 567 GWh after Unit 2 reached full operation. PGE is also advancing Lumut Balai Units 3 and 4, each designed for 55 megawatts, while a 230-megawatt co-generation project targets a power purchase agreement in the fourth quarter of 2026, the same report said.

For investors, the key distinction is between current earnings and future capacity. The first-half production record supports the present revenue base, while the Lumut Balai buildout could expand output after additional drilling, financing and commissioning milestones. PGE's own operating portfolio also includes Kamojang, Lahendong, Ulubelu and Karaha, according to its company profile carried by Fair Value Calculator.

Consensus remains above the quote

A separate KabarBursa overview published on October 5, 2026, counted 19 analysts, with 14 Buy ratings and five Holds. Its average target was IDR 1,318 against an IDR 940 reference close on October 2, 2026, placing the target 40.2 percent above that reference; the published range was IDR 900 to IDR 1,650.

That older consensus reference also shows the tension in the story: operating growth was accelerating while the stock had fallen 7.84 percent between September 28 and October 2. On October 7, the share price remained 34.10 percent below its 52-week high of IDR 1,525, despite the latest 0.50 percent session gain.

PGEO stock stays below its yearly high

Pertamina Geothermal Energy was last at IDR 1,005 on the Indonesia Stock Exchange on October 7, 2026 at 3:24 p.m. WIB. The market capitalization stood at IDR 42.1 trillion and trading volume reached 6,139,700 shares.