Medco (MEDC) Secures Rp1.68 Trillion Credit Facility from HSBC

PT Medco Energi Internasional Tbk (MEDC) has secured a credit facility of USD 100 million, equivalent to approximately Rp1.68 trillion (at an exchange rate of Rp16,870), from HSBC’s Singapore branch on 10 March 2026.

According to the disclosure of material information released on Wednesday (11/3/2026), Medco will utilise the credit facility for general corporate purposes. “The loan matures 60 months from the date of execution of the facility agreement,” stated the company’s management in the disclosure.

MEDC’s management further noted that there are no specific material impacts arising from the disclosure of information regarding the credit facility.

Meanwhile, in the first semester of 2025, Medco reported a significant decline in net profit of 69.22% to USD 85.48 million as of September 2025. The company recorded total revenue declining 1.46% year-on-year to USD 1.76 billion. Consequently, the company’s gross profit fell 3.25% year-on-year to USD 658.25 million.

Furthermore, selling expenses through financing charges experienced greater growth. This occurred alongside associated entities and joint ventures which posted a profit of USD 112.87 million in September of the previous year but recorded a loss of USD 9.39 million in the current period.

Medco is an energy and mining company. As of 28 February 2026, the company is owned by the Panigoro family. The conglomerate family controls Medco through PT Medco Daya Abadi Lestari with a 51.5% shareholding. Several members of the Panigoro family also hold MEDC shares directly. Additionally, Diamond Bridge Pte holds 21.46%.

MEDC shares closed at 1,695, down 1.74% at the end of the first trading session.