Pertamina Geothermal Energy, ID1000186505

PGE creates IDR 1.50585 trillion value: KISI targets Pertamina Geothermal Energy stock at IDR 1,065

Published on 10/15/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Geovation 2026 created IDR 1.50585 trillion in value on October 14, 2026. KISI set an IDR 1,065 target for Pertamina Geothermal Energy stock.

Growth and operating milestones

Geovation 2026 created IDR 1.50585 trillion in value on October 14, 2026.
KISI set an IDR 1,065 target on October 13, 2026.
First-half net income reached USD 79.60 million on October 5, 2026.

Pertamina Geothermal Energy, ID1000186505, Illustration mit AI erstellt.

Pertamina Geothermal Energy (ID1000186505) generated IDR 1.50585 trillion in value through its Geovation 2026 program, according to Pasardana.id on October 14, 2026. The company is pursuing installed geothermal capacity of 1 gigawatt by 2028, while KISI set an IDR 1,065 target on October 13, 2026, Kontan.co.id reported.

Innovation adds measurable value

Geovation 2026 displayed 165 innovations during an event held from October 6 to October 8, 2026, up 17 percent from 141 innovations the previous year. The reported value creation used revenue generation, cost reduction, revenue potential, revenue retention and cost avoidance.

The comparison with the previous method is material. PGE said the earlier calculation produced IDR 590.8 billion, putting the new figure at IDR 1.50585 trillion under the revised five-part method. The program has produced 449 innovations over three years, according to Pasardana.id.

What does the operating plan mean?

The operating record gives the expansion plan a measurable base. First-half 2026 revenue reached USD 235.03 million, up 14.70 percent from USD 204.85 million in the same period of 2025, while net income reached USD 79.60 million, according to Kontan.co.id on October 5, 2026.

Chronology: on October 5, 2026, first-half net income reached USD 79.60 million; on October 7, 2026, production was 3,222 GWh against a 5,255 GWh 2026 target, according to Kontan.co.id; on October 14, 2026, Geovation value creation reached IDR 1.50585 trillion, according to Pasardana.id.

Dates for the next milestones

PGE scheduled a Gunung Tiga well production test for October 2026 and faces the Indonesia Stock Exchange free-float deadline in March 2027, with the public holding requirement set at 15 percent, according to Kontan.co.id.

Stock and investor context

On the Indonesia Stock Exchange, PGEO stood at IDR 980 on October 15, 2026 at 4:02 p.m. WIB. The operating figures support the expansion narrative, but project timing, drilling outcomes and capital spending remain important variables for the 2028 capacity objective.