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PT Perusahaan Gas Negara Tbk (PGAS) investor relations material
PT Perusahaan Gas Negara Tbk Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated revenues for 9M-2025 grew to USD 2.923 million, mainly from gas trading, but higher LNG procurement costs and forex losses pressured net profit.
Net profit was USD 238 million, down 14% year-over-year, with another report noting net profit at USD 338.6 million.
Financial position and EBITDA coverage ratio indicate stability, with strong liquidity and cash equivalents of USD 1.28 billion as of September 2025.
Capex was executed prudently, focusing on LNG terminal, gas pipeline, and infrastructure projects, totaling over USD 174 million.
Financial highlights
Revenue reached USD 2.923 million, up 4% year-over-year, with net profit at USD 238 million and EBITDA at USD 729 million, both down year-over-year.
Total assets were USD 6.141 million, with cash and equivalents at USD 1.278 million as of September 2025.
Operating cash flow remained strong, supporting a healthy cash position.
Cost of revenues rose to USD 2.42 billion, reflecting higher gas purchase costs and infrastructure expenses.
Total equity stood at USD 3.61 billion, and total liabilities at USD 2.53 billion.
Outlook and guidance
Global and national energy trends are shifting toward cleaner energy, positioning natural gas as a key transition fuel.
Strategic focus on infrastructure expansion, LNG development, and low-carbon business aligns with Indonesia’s energy transition goals.
Management expects continued growth in gas trading and infrastructure, with ongoing investments in LNG and pipeline projects.
The company is monitoring regulatory changes on gas pricing and expects stable demand from industrial and power sectors.
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