Earnings release
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PT Medco Energi Internasional Tbk The Energy 53rd Fl . , SCBD Area Lot 11 A Jl . Jend . Sudirman , Jakarta 12190 Tel + 62-21 2995 3000 Fax + 62-21 2995 3001 www.medcoenergi.com M M MEDCOENERGI Public Expose 2026 : MedcoEnergi Reports Strong 1H26 Performance and Maintains 2026 Guidance Jakarta , 9 September 2026 – PT Medco Energi Internasional Tbk ( “ MedcoEnergi ” or the “ Company ” ) participated in the 2026 Public Expose held in collaboration with the Indonesia Stock Exchange . MedcoEnergi presented its production performance for the first half of 2026 , with Oil & Gas production reaching 170 mboepd , an increase of 19 % year - on - year . Gas accounted for approximately 72 % of total production , in line with growing regional gas demand . The Company maintains its 2026 guidance for Oil & Gas production of 165–170 mboepd and Oil & Gas capital expenditure of US $ 415 million . Based on the first quarter 2026 results , MedcoEnergi recorded revenue of US $ 668.3 million , an increase of 19.2 % year - on - year . EBITDA increased by 5.7 % to US $ 351.1 million , while net income increased by 282.3 % to US $ 67.4 million . Amri Siahaan , Director and Chief Operating Officer of MedcoEnergi , said , “ We remain focused on delivering our operational targets , maintaining cost discipline and managing a healthy balance sheet . We will continue to develop our core assets and pursue disciplined growth to create long - term value for our shareholders and stakeholders . " In the power business , Medco Power recorded power sales of 2,323 GWh in the first half of 2026 , an increase of 16.5 % year - on - year and in line with the 2026 guidance of 4,550 GWh . Renewables accounted for 26 % of installed capacity , remaining within the Company's long - term target range . MedcoEnergi maintained its growth momentum through operational discipline in executing key projects , supporting current production while strengthening the foundation for future growth . Senoro Phase 2A reached full onstream in June 2026 and Bualuang Renewal Plan Phase I came onstream in the second quarter of 2026 , while the Sakakemang development continues to progress towards first gas targeted in the third quarter of 2027. ( * ) PT Medco Energi Internasional Tbk ( " MedcoEnergi ” ) is a leading Southeast Asian energy and natural resources company listed on the Indonesia Stock Exchange ( MEDC- IDX ) . MedcoEnergi has three key business segments , Oil & Gas , Power and Copper & Gold Mining . MedcoEnergi explores for and produces oil and gas primarily in Indonesia . The Group operates gas , PV , geothermal and hydro power plants in Indonesia through PT Medco Power Indonesia and has a non - consolidated interest in PT Amman Mineral Internasional Tbk which operates a large copper and gold mine in Indonesia . This document may contain projections , plans , strategies , policies and objectives of MedcoEnergi which should be treated as forward - looking statements within the meaning of applicable law . Forward - looking statements , by their nature , involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements . The Company does not guarantee that any action taken in reliance on this document will bring specific results . For further information please contact : Corporate Secretary | Investor Relations | Tel : ( 62-21 ) 2995 3000 , Fax : ( 62-21 ) 2995 3001 Email : corporate.secretary@medcoenergi.com | investor.relations@medcoenergi.com Website : www.medcoenergi.com