Raharja Energi Cepu Distributes Rp122.17 Billion in Dividends, Shareholders Pocket This Much Profit

PT Raharja Energi Cepu Tbk (RATU) has approved a cash dividend distribution amounting to Rp122.17 billion to investors. The decision was agreed upon during the Annual General Meeting of Shareholders (AGMS) held in Jakarta on Thursday, 7 May 2026. Based on the 2025 consolidated financial statements, the company recorded a net profit of US$15.2 million, equivalent to approximately Rp264 billion (estimated exchange rate of Rp17,370 per US dollar). This achievement reflects an 8.9% year-on-year (yoy) increase. The profit surge occurred despite a 14.6% decline in revenue to US$49.3 million, or approximately Rp856.34 billion. This decrease was due to weakening oil prices and reduced production volumes. As a gesture of appreciation to investors, the company is distributing a cash dividend of US$7,030,580, equivalent to Rp122,177,421,000, assuming an exchange rate of Rp17,378 per US dollar on 4 May 2026. From this amount, shareholders will pocket a profit of Rp45 per unit. “This cash dividend distribution reflects the Company’s commitment to providing consistent returns while preserving room for future growth,” stated the Company Management, as quoted from the company’s website on Saturday, 9 May 2026. Management conveyed that the success in maintaining profitability and profit growth amid pressures from oil prices and declining lifting volumes was thanks to operational cost efficiencies. The cost of goods sold (COGS) was recorded to have decreased by 29%. As a result, adjusted EBITDA still grew by 2% to US$30.8 million, with margins remaining high above 62%. From the balance sheet, the total assets of this issuer with the code RATU increased to US$76 million, with total equity reaching US$56.6 million. Meanwhile, the debt-to-equity ratio (DER) remains healthy at 0.30 times. Operationally, the Cepu Block and Jabung Block serve as the backbone of the Company’s performance and the foundation for expansion that will continue to be pursued in the near future. The Cepu Block remains the main contributor with an average production of 151 thousand barrels of oil per day (BOPD). This block also has remaining proven and probable reserves (2P) of 296 million barrels of oil (MMBO). Meanwhile, the Jabung Block recorded an average production of 49.7 thousand barrels of oil equivalent per day (BOEPD) with 2P reserves of 243 million barrels of oil equivalent (MMBOE).