Jakarta, CNBC Indonesia - The integrated energy issuer, PT Rukun\nRaharja Tbk (RAJA), has successfully maintained positive performance by\nrecording net profit growth up to the first quarter of 2026. This result\nwas achieved by the Company amid pressures on the revenue side due to\noperational disruptions affecting the midstream and downstream business\nlines.<\/p>\n
This performance also reflects the resilience of Rukun Raharja\u2019s\nbusiness model and the effectiveness of the consistent diversification\nstrategy implemented. The Company\u2019s revenue in the first quarter of 2026\nwas recorded at US$55.3 million, or a 16% decrease compared to the same\nperiod last year of US$66.1 million.<\/p>\n
This decline was primarily influenced by an incident on the gas\npipeline route in the Pekanbaru area, which impacted the Company\u2019s\nmidstream and downstream business performance. The incident has been\ndeclared as a force majeure condition by the Company\u2019s partners,\nresulting in a temporary adjustment to the gas distribution volume to\ncustomers.<\/p>\n
Amid these pressures, Rukun Raharja still managed to record a 14% net\nprofit growth to US$10.5 million in the first quarter of 2026, from\nUS$9.2 million in the same period last year.<\/p>\n
This increase was driven by contributions from the midstream business\nline, particularly gas compression plant rental services in Sengkang,\nSouth Sulawesi, as well as other income contributions (non-operating\nincome), mainly from the Company\u2019s investments in the Engineering,\nProcurement, Construction & Installation (EPCI) business and the\nshipping sector through the Hafar group.<\/p>\n
Ultimately, this achievement confirms that the Company\u2019s business\nportfolio diversification strategy has effectively supported financial\nperformance amid operational challenges in the core business lines.<\/p>\n
Rukun Raharja\u2019s President Director, Djauhar Maulidi, stated that this\nperformance shows that the diversification strategy we are implementing\nhas provided resilience for the Company amid operational pressures.<\/p>\n
\u201cMoving forward, we will continue to strengthen our core business,\ndevelop energy infrastructure, and promote strategic expansion in the\nupstream and downstream sectors to maintain sustainable growth,\u201d he said\nin a written statement on Monday (4\/5\/2026).<\/p>\n
Entering 2026, Rukun Raharja will continue various strategic\ninitiatives to strengthen the foundation for medium- and long-term\ngrowth. The Company plans to build a fuel pipeline infrastructure\nconnecting Balikpapan and Samarinda, with construction targeted to start\nin the third quarter of 2026.<\/p>\n
This project is expected to strengthen the energy distribution\nnetwork in East Kalimantan and support sustainable growth in the\nmidstream segment.<\/p>\n
In addition, through its subsidiary, PT Raharja Energi Cepu Tbk\n(RATU), the Company is completing the acquisition of SMS Development\nLimited, which holds a participating interest in the Madura Strait\nBlock. The completion of this transaction is targeted to contribute to\nthe Company\u2019s consolidated performance starting from the second quarter\nof 2026.<\/p>\n
On the other hand, Rukun Raharja is also finalising the final stage\nof plans to acquire a participating interest in one of the oil and gas\nblocks in the Eastern Indonesia region, which will strengthen the\nCompany\u2019s exposure in both the upstream and downstream segments. This\ninvestment is targeted to be realised in the second quarter of 2026 as\npart of efforts to strengthen the integrated energy portfolio and drive\nsustainable growth.<\/p>\n
Through a combination of strengthening the core business and\nselective inorganic expansion, Rukun Raharja is optimistic about\nmaintaining sustainable growth momentum, while still prioritising\nprudence principles and the application of good corporate\ngovernance.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/net-profit-grows-14-raja-reaches-us-10-5-million-in-q1-2026-1777910841", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }