Good PLN Financial Performance Value Indef Economists, Record Profits Since 2013

PT PLN Indonesia Power. (Photo: ANTARA)

JAKARTA - Indef economist Abra Talattov assessed that PT PLN's (Persero) financial performance has been good in recent years by always recording profits since 2013.

"PLN suffered the last loss in 2013. In fact, in the period before and then there was always significant profit. This is proof that (PLN) carries out the function of business entities and public services very well," he said as quoted by ANTARA, Thursday, October 2.

Quoting the first semester of 2025 financial report published on the Indonesia Stock Exchange (IDX), Abra said, the revenue of the electricity SOEs amounted to IDR 281 trillion, an increase compared to the same period last year of IDR 262 trillion.

Sales of electricity became the main contributor with a value of IDR 179.58 trillion, up 4.53 percent compared to the first semester of 2024.

The debt to the company's assets ratio is still below 50 percent, while the debt to equity ratio is 69.1 percent, so it is still within reasonable limits for large-scale companies.

"This proves that financial management is relatively good by keeping several indicator ratios under control," he said.

As a state-owned company that holds a public service mandate, according to him, PLN's financial sustainability is highly dependent on government support, especially in managing debt.

Furthermore, he continued, PLN is very active in finding new sources of income outside of electricity sales to maintain profitability.

"A large profit is very useful for meeting large investment needs for renewable energy and digitizing networks," said Abra.