Prajogo Pangestu CUAN's Profit Soars 234% in Q1 2026

Akbar Ridwan 05/05/2026 11:58 WIB

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The profit of PT Petrindo Jaya Kreasi Tbk (CUAN) in the first quarter of 2026 surged by 234% compared to the first quarter of 2025.

The revenue and profit of PT Petrindo Jaya Kreasi Tbk/CUAN for the first quarter (2025-2026)

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Prajogo Pangestu CUAN's Profit Soars 234% in Q1 2026

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The revenue and profit of PT Petrindo Jaya Kreasi Tbk/CUAN for the first quarter (2025-2026)

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PT Petrindo Jaya Kreasi Tbk (CUAN) recorded a net profit attributable to the owners of the parent entity of US$5.70 million in the first quarter of 2026.

This figure surged significantly by 234% year-on-year compared to US$1.71 million in the first quarter of 2025.

The soaring profit of this Prajogo Pangestu-owned company coincided with a 73.57% increase in revenue, from US$213.93 million to US$371.33 million.

The energy sector company's revenue was supported by coal sales of US$129.52 million at a certain time.

Meanwhile, revenue from the mining segment totaled US$109.19 million, and from construction and engineering US$106.43 million.

Then, the EPCI-offshore oil and gas segment contributed US$13.59 million, services US$12.10 million, and other segments US$501,000.

Regarding CUAN's cost of revenue in the first quarter of 2026, it reached US$315.06 million, a 59.92% increase year-on-year. Consequently, the company's gross profit amounted to US$56.27 million.

As of March 31, 2026, CUAN recorded total assets of US$2.76 billion, an increase of 2.49% compared to December 31, 2025. Its assets consisted of liabilities of US$2.13 billion and equity of US$628.24 million.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."