Green Financial Report for Prajogo Pangestu's Issuers in Q1/2026 - Market Business
Bisnis.com, JAKARTA – Issuers affiliated with conglomerate Prajogo Pangestu are tending to record growth in performance throughout the first quarter of 2026.
PT Barito Pacific Tbk. (BRPT), for example, recorded a surge in revenue and net profit. This aligns with the financial performance growth of its petrochemical sector business entity, PT Chandra Asri Pacific Tbk. (TPIA).
Meanwhile, TPIA’s subsidiary, PT Chandra Daya Investasi Tbk. (CDIA), suffered a decline in net profit despite increased revenue.
In the renewable new energy (EBT) sector, PT Barito Renewables Energy Tbk. (BREN) booked growth in revenue and net profit in line with the company’s increased electricity capacity.
In line with BREN, PT Petrindo Jaya Kreasi Tbk. (CUAN), which operates in mining, particularly coal, recorded financial performance growth throughout January-March 2026.
CUAN’s performance is inseparable from the improved performance of its subsidiary, PT Petrosea Tbk. (PTRO), which operates in coal contracting, as well as engineering services and construction.
Here is a more detailed review of the performance of Prajogo Pangestu’s issuers in the first quarter of 2026.
BRPT
PT Barito Pacific Tbk. (BRPT) booked a net profit of US$90.48 million or equivalent to Rp1.53 trillion (exchange rate Rp16,999 per US dollar) throughout the first quarter of 2026. This figure skyrocketed by hundreds of percent in line with the solid revenue performance recorded by the company.
According to the unaudited first quarter 2026 financial report, BRPT recorded revenue of US$2.57 billion or rocketing 232.18% year on year (YoY). This performance was mainly driven by revenue from the export market, which has the largest exposure in the company’s revenue.
In detail, revenue from petrochemical and refinery exports grew 926.52% YoY from US$195.17 million to US$2 billion. On the other hand, revenue from the domestic market shrank 2.04% YoY to US$566.78 million.
The domestic market revenue consists of the petrochemical and refinery segment which fell 6.24% YoY to US$165.16 million, then the energy and third-party resources segment rose 9.76% YoY to US$165.16 million, and other third-party segments increased 13.56% YoY to US$1.34 million.
On the other hand, there are several expense components booked by the company, including raw materials, production and manufacturing costs amounting to US$1.88 billion, skyrocketing 211.57% YoY. Then, the company also booked selling expenses of US$19.76 million or up 94.49% YoY. On the other hand, BRPT recorded foreign exchange gains of US$10.32 million or up 32.82% YoY.
The company’s pre-tax profit in the first quarter of 2026 was recorded at US$335.25 million, surging 496% YoY. Meanwhile, the continuing profit was recorded at US$270.82 million or rocketing 817.41% YoY.
From the bottom line perspective, this Prajogo Pangestu affiliate issuer booked a continuing profit attributable to the parent entity’s owners or net profit of US$90.48 million. This net profit skyrocketed 459.90% YoY compared to the first quarter 2025 net profit of US$16.16 million.
Looking at the financial balance sheet, BRPT’s assets as of the end of March 2026 rose 1.53% year to date (YtD) to US$17.62 billion. The company’s liabilities also increased 0.01% YtD to US$11.31 billion, while equity rose 4.39% YtD to US$6.31 billion.
TPIA
PT Chandra Asri Pacific Tbk. (TPIA) booked a net profit of US$146.13 million or equivalent to Rp2.47 trillion throughout January-March 2026. The company successfully reversed the net loss from the previous period in line with rocketing revenue.
According to the unaudited first quarter 2026 financial report, TPIA reaped total revenue of US$2.40 billion or equivalent to Rp40.74 trillion. This revenue skyrocketed 284.4% year on year (YoY) from the previous period’s revenue of US$662.09 million.
The company’s largest revenue is concentrated on sales of commodities abroad. Energy sales, which were nil in the first quarter of 2025, were recorded at US$1.45 billion this year. Meanwhile, chemical sales grew 180.9% YoY to US$548.13 million.
Meanwhile, revenue from domestic market sales uniformly corrected. Energy sales fell 0.4% YoY to US$2.56 million and chemical sales corrected 14.8% YoY to US$338.44 million.
Then, infrastructure segment revenue for the domestic market skyrocketed 120.2% YoY to US$59.29 million, while for the foreign market, which was nil last year, in the first quarter of 2026 booked a value of US$4.41 million.
On the other hand, there are several expense components such as raw materials, production and manufacturing costs which increased 215.8% YoY to US$1.87 billion, depreciation expenses soared 239.2% YoY, and selling expenses rose 95.4% YoY to US$19.74 million. Meanwhile, there were foreign exchange gains of US$8.91 million, skyrocketing 406.3% YoY in line with the weakening of the rupiah exchange rate against the dollar.
Although several expense items experienced increases, the significant revenue growth enabled TPIA to record pre-tax profit of US$230.51 million, reversing from a pre-tax loss of US$31.86 million in the previous period.
Meanwhile, the continuing profit booked by TPIA reached US$205.08 million, improving compared to the continuing loss of US$23.58 million in the first quarter of 2025.
From the bottom line perspective, the continuing profit attributable to the parent entity’s owners or net profit was recorded at US$146.13 million. This figure also turned positive compared to the net loss of US$25.64 million in the same period last year.
Looking at the company’s financial balance sheet, TPIA’s assets in the first quarter of 2026 increased 1.5% year to date (YtD) to US$12.51 billion. Total liabilities fell 0.2% YtD to US$7.65 billion, while total equity rose 4.3% YtD to US$4.86 billion.
CDIA
PT Chandra Daya Investasi Tbk. (CDIA) recorded a net profit of US$8.40 million or equivalent to Rp142.37 billion (exchange rate Rp16,949) in the first quarter of 2026. Although revenue grew double-digit, the company’s profit was actually squeezed.