RATU Accelerates Oil and Gas Asset Acquisitions, Supported by Bond and Sukuk Funds

PT Raharja Energi Cepu Tbk (RATU) continues to drive business expansion through a strategy of acquiring upstream oil and gas (O&G) assets, in line with strong investor support and efforts to strengthen national energy resilience.

This step follows the company recording positive performance alongside a significant market response to the funding instruments it issued.

RATU President Director Sumantri Suwarno stated that the company will intensify acquisition efforts by leveraging the positive momentum from investor confidence.

“We will increase acquisition efforts given the very good support from investors during the recent issuance of bonds and sukuk. On the other hand, we also have funding flexibility through banking facilities or options for new share issuances,” Sumantri said in an official statement on Wednesday (15/4/2026).

Currently, RATU is evaluating several O&G asset acquisition opportunities, both domestically and internationally.

The company is open to realising one to two conditional purchase agreements in the near term, provided all opportunities meet the established investment parameters.

This expansion effort is supported by financial performance showing growth. Exactly one year after listing on the Indonesia Stock Exchange (BEI) on 8 January 2025, RATU recorded a 10% profit increase.

In fiscal year 2025, the company’s profit reached US$15.26 million. This achievement was attained amid consistent and measured operational efficiency efforts by management.

This profit growth reflects the company’s ability to maintain performance amid O&G industry dynamics, while providing room for more aggressive expansion ahead.

The company previously won an international tender for the sale of 100% shares in SMS Development Limited (SMSD).

SMSD is a company holding a 20% stake in Husky-CNOOC Madura Limited (HCML), which serves as the operator of the Madura Strait Block.