HGII Records Profit of Rp 17.1 Billion in 2025, Performance Recovers in Q4
JAKARTA – The new and renewable energy issuer PT Hero Global Investment Tbk (HGII) recorded a performance recovery in the fourth quarter of 2025 after facing pressures throughout the year due to weather factors.
In the fourth quarter of 2025, the company booked revenue of Rp 16.9 billion, an increase of around 62% compared to the third quarter of 2025.
HGII’s net profit also rose by around Rp 3.75 billion, or approximately 79% quarter-on-quarter.
Overall, for the full year of 2025, HGII recorded revenue of Rp 63.0 billion and net profit of Rp 17.1 billion.
However, compared to 2024, revenue and net profit experienced declines of 34% and 55%, respectively.
This performance decline was mainly influenced by prolonged dry season conditions throughout 2025. These conditions impacted the reduced water discharge at the company’s mini-hydroelectric power plants.
Nevertheless, the company stated that it was still able to maintain positive profitability throughout the year amid these external pressures.
The performance in the fourth quarter of 2025 reflects improving operational conditions, in line with the enhancement of external factors that previously affected electricity production.
HGII President Director Robin Sunyoto said that the challenges faced throughout 2025 were external and temporary in nature.
“With a solid portfolio of power plant assets and the recovery momentum already visible in the fourth quarter, we remain optimistic about future performance prospects,” he stated.
Entering the first quarter of 2026, the company continues its expansion strategy through participation in renewable energy project tenders.
Currently, HGII is participating in the auction for a hydroelectric power plant in North Sumatra as well as a bioenergy power plant in West Kalimantan.
The company also stated that it will continue to focus on optimising operational performance, increasing efficiency, and developing renewable energy projects to support sustainable growth.
“Although 2025 was marked by significant weather challenges, we see a strong recovery in the fourth quarter. This provides confidence that the company’s performance will continue to improve in line with the normalisation of operational conditions and the realisation of new project opportunities ahead,” Robin explained.