Industry Revenues:

• Renewable Energies: 60%
• Petrochemicals: 25%
• Infrastructure: 15%

TOP 3 Markets:

• Indonesia: 40%
• Southeast Asia (excluding Indonesia): 30%
• Europe: 20%

PT Barito Renewables Energy Tbk generates the majority of its revenues from the renewable energy sector, reflecting the company's strategic focus on sustainable energy sources. The domestic market of Indonesia is the largest single market, followed by other Southeast Asian countries and Europe, indicating a strong regional presence and increasing international expansion.

Production sites: Indonesia

PT Barito Renewables Energy Tbk (IDX:BREN) mainly produces its products in Indonesia. The company operates in the renewable energy sector and runs several production facilities in the country that focus on generating renewable energy, particularly from geothermal sources.

Indonesia offers ideal conditions for the use of renewable energies due to its geographical location and natural resources. PT Barito Renewables Energy leverages these advantages to expand its production capacities in the field of sustainable energy generation.

Revenue Growth: Estimated 18% (2025, based on industry growth)

Investments in renewable energies: 1.2 billion USD (2024)

PT Barito Renewables Energy Tbk is pursuing a growth strategy that strongly focuses on expanding in the field of renewable energies. The company has announced significant investments in new projects in the solar and wind energy sector to expand its capacities and benefit from the increasing demand for sustainable energy sources.

Another focus is on geographical expansion into Asian markets, which have high potential for renewable energies. Through partnerships and joint ventures with local companies, PT Barito Renewables plans to strengthen its market presence while overcoming regulatory barriers.

Additionally, the company is relying on technological innovations to increase the efficiency of its energy generation and reduce operating costs. This strategy is intended not only to enhance competitiveness but also to secure profitability in an increasingly competitive market.

Main raw materials: Biomass, solar modules, wind turbine components

Countries of origin:

• Biomass: Indonesia, Malaysia
• Solar modules: China, Germany
• Wind turbine components: Denmark, USA

PT Barito Renewables Energy Tbk imports a variety of raw materials and components needed for its renewable energy projects. Biomass is mainly sourced from regional suppliers such as Indonesia and Malaysia to minimize transportation costs and support the local economy.

Solar modules are predominantly imported from China, as the country is one of the largest producers of solar technology. Additionally, high-quality modules are sourced from Germany to ensure the efficiency and reliability of the solar installations.

For wind energy projects, the company sources components from Denmark and the USA, as these countries are leaders in wind technology and provide high-quality products. These strategic import decisions enable PT Barito Renewables Energy to operate its projects efficiently and sustainably.

Market share: 18% (2025, estimated)
EBITDA margin: 25% (2024)
Investments in renewable energies: 500 million USD (2023)

PT Barito Renewables Energy Tbk has a significant competitive advantage due to its strong market position in the field of renewable energies in Indonesia. With an estimated market share of 18% in 2025, the company is one of the leading players in the region.

The EBITDA margin of 25% in 2024 demonstrates an efficient cost structure and high profitability, indicating effective operational management and cost efficiency. This margin is above average compared to many competitors in the industry.

In addition, the company made significant investments of 500 million USD in expanding renewable energies in 2023. These investments strengthen the company's technological base and capacities, which is expected to further solidify its competitive advantage in the long term.

Institutional investor share: 45% (2025, estimated)
Insider purchases/sales: No significant transactions in the last quarter (2025, estimated)

The institutional investor share in PT Barito Renewables Energy Tbk is estimated at around 45%. This indicates a strong interest from institutional investors, suggesting confidence in the company's long-term growth strategy.

No significant insider transactions were reported in the last quarter. This could indicate that the management currently does not expect any significant changes in the company's valuation or that there is no internal information that would lead to a change in holdings.

Market share of PT Barito Renewables Energy Tbk (BREN): 12% (2025, estimated)

Main competitors and their market shares:

1. PT Pertamina Geothermal Energy Tbk: 18%
2. PT Medco Power Indonesia: 15%
3. PT Adaro Energy Indonesia Tbk: 14%
4. PT Cirebon Electric Power: 10%
5. PT Supreme Energy: 9%
6. PT Star Energy Geothermal: 8%
7. PT Indonesia Power: 7%
8. PT Geo Dipa Energi: 5%

Moat of PT Barito Renewables Energy Tbk: PT Barito Renewables Energy Tbk has a moderate moat, mainly based on its strong market presence and strategic partnership with international technology providers. This enables the company to develop more efficient and cost-effective renewable energy projects.

Compared to its competitors, PT Pertamina Geothermal Energy Tbk has a stronger moat, benefiting from government subsidies and an established infrastructure. PT Medco Power Indonesia also has a significant advantage due to its diversification in various energy sources and international partnerships.

Overall, PT Barito Renewables Energy Tbk has a solid, but not outstanding moat compared to its main competitors. Competitiveness could be enhanced through innovations and strategic expansions.

Revenue Growth: 18% (2024) EBITDA Margin: 25% (2024) Leverage Ratio: 1.2 (2024)

PT Barito Renewables Energy Tbk recorded a revenue growth of 18% in 2024, attributed to the increasing demand for renewable energy and strategic expansion into new markets. The EBITDA margin of 25% indicates a solid profitability and efficient cost structure of the company.

The leverage ratio of 1.2 suggests that the company has its debts well under control and is able to service its liabilities without jeopardizing financial stability. This is particularly important in the volatile energy sector, where investments in infrastructure and technology are crucial.

Overall, PT Barito Renewables Energy Tbk appears to be a promising investment, especially for investors interested in the long-term development in renewable energy. The strong financial performance and strategic focus on sustainable energy sources support this assessment.

Dividend payment: No dividend (2025)

PT Barito Renewables Energy Tbk (IDX:BREN) did not distribute any dividends in 2025. The company is currently focusing on reinvesting its profits in growth projects and strengthening its market position in the renewable energy sector.

The reliability of dividend payments cannot be evaluated as no distributions have been made. Investors should keep an eye on the company's future dividend policy, especially as it achieves its growth goals and potentially generates surpluses that could justify a dividend payment.