Geo Dipa Targets Higher Revenue in 2026 Despite Flat Output

JAKARTA, Investortrust.id — PT Geo Dipa Energi (Persero) targets revenue of Rp 1.08 trillion in 2026 on Saturday, Dec 20, 2025 in Jakarta, seeking modest growth even as geothermal production is expected to remain largely flat, a strategy the state-owned company says will hinge on efficiency gains and tighter cost control.

The outlook was outlined by Finance, Risk Management, and General Director Hanif Osman during a press conference on Friday, Dec 19, 2025, presenting the company’s 2025 performance and 2026 outlook. Hanif said Geo Dipa was also targeting profit growth, albeit at a slower pace than revenue.

“Our profit target, we hope, can remain high, perhaps in the single digits,” Hanif said when responding to questions from Investortrust.id. “With production still stagnant in 2026, the question is how we can still achieve revenue growth, and that is why we are targeting around Rp 1.08 trillion.”

By the end of 2025, Geo Dipa projects revenue of Rp 1.074 trillion, supported by its two geothermal power plants, PLTP Dieng and PLTP Patuha. Each facility has an installed capacity of 55 megawatts, with combined electricity production estimated at 759 gigawatt hours.

Looking ahead to 2026, Hanif said the company aimed to keep output at roughly the same level. “In 2026 we will try to maintain production at 2025 levels, and we will focus on efficiency, particularly in non-core businesses,” he said. “This is how we plan to protect margins and keep cash flow healthy.”

While near-term output growth remains limited, Geo Dipa continues to prepare for capacity expansion. In 2025, the company began engineering, procurement, and construction work for PLTP Patuha Unit 2 and PLTP Dieng Unit 2, each with planned capacity of 55 megawatts and targeted for commercial operation in 2027.

From the state revenue perspective, Geo Dipa expects its contribution to the government to reach Rp 123 billion by the end of 2025, exceeding its internal target of Rp 122 billion. The company also projects dividend payments of Rp 27.43 billion in 2025, up from Rp 26.9 billion a year earlier.

The financial performance has been accompanied by steady credit strength. Geo Dipa has maintained a national long-term credit rating of “AAA” from Fitch Ratings for four consecutive years since 2022, reflecting what the agency described as strong operational performance, stable margins, and long-term revenue visibility.

Operationally, the company has also highlighted progress in environmental, social, and governance performance. Operations and HSSE Director Supriadinata Marza said Geo Dipa recorded an ESG score of 63 based on an assessment by S&P Global.

“Previously, Geo Dipa also received a C rating for Climate Change and a C rating for Water Security from the Carbon Disclosure Project,” Supriadinata said. “These results show our commitment to managing environmental impacts in a responsible and sustainable way.”

He added that Geo Dipa had secured nine management system certifications audited by PT Sucofindo as an independent certification body. “These ISO certifications are not just about compliance,” Supriadinata said. “They are a critical foundation for building credible ESG performance, not only in terms of commitment, but in systems, processes, and real impact.”

Separately, PT Sucofindo Human Resources Director David Sidjabat said the certifications demonstrated Geo Dipa’s commitment to strong corporate governance, adding that standardized systems were essential for sustaining performance over the long term.