PT Barito Renewables Energy Tbk

Name: PT Barito Renewables Energy Tbk financial statements and ratios
Creator: Annalist

BREN · IDX · Utilities, geothermal electricity · Indonesia · SAK · Fiscal year ends December

Latest report: FY2025, the fiscal year ended 31 December 2025, its statements approved by the board on 18 March 2026. Snapshot FY2025_b1101ab7.

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Overview

Revenue, fiscal year

+1.4% year on year

Profit before tax, fiscal year

+2.6% year on year

Net income, fiscal year

+8.3% year on year

Diluted EPS, fiscal year

n/a

Pre-tax margin, fiscal year

+0.6pp year on year

Return on equity, fiscal year

−2.5pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest fiscal year, with their history over earlier years.

Revenue for the fiscal year ended 31 December 2025 was US$605 million, 1.4% higher than in the previous fiscal year.
Strengthenedin FY2025 · stated since FY20231.4% from 0.3% in FY2024
Rule: Revenue against the previous fiscal year · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 StrengthenedRevenue for the fiscal year ended 31 December 2025 was US$605 million, 1.4% higher than in the previous fiscal year.Recorded from FY2025_c993ec72 · data update
2. FY2024 WeakenedRevenue for the fiscal year ended 31 December 2024 was US$597 million, 0.3% higher than in the previous fiscal year.Reconstructed · data update
3. FY2023 NewRevenue for the fiscal year ended 31 December 2023 was US$595 million, 4.4% higher than in the previous fiscal year.Reconstructed · initial
Net income attributable to the company for fiscal 2025 was US$132 million, 8.3% higher than in the previous fiscal year.
Weakenedin FY2025 · stated since FY20238.3% from 13.7% in FY2024
Rule: Net income against the previous fiscal year · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 WeakenedNet income attributable to the company for fiscal 2025 was US$132 million, 8.3% higher than in the previous fiscal year.Recorded from FY2025_c993ec72 · data update
2. FY2024 WeakenedNet income attributable to the company for fiscal 2024 was US$122 million, 13.7% higher than in the previous fiscal year.Reconstructed · data update
3. FY2023 NewNet income attributable to the company for fiscal 2023 was US$107 million, 17.9% higher than in the previous fiscal year.Reconstructed · initial
Return on equity for fiscal 2025 was 22.9%, against 25.4% a year earlier.
Weakenedin FY2025 · stated since FY2024
Rule: Return on equity against a year earlier · Sources Annual report 2025-12, Annual report 2024-12
History of this finding, 4 records
1. FY2025 WeakenedReturn on equity for fiscal 2025 was 22.9%, against 25.4% a year earlier.Recorded from FY2025_c993ec72 · data update
2. FY2024 NewReturn on equity for fiscal 2024 was 25.4%, against 33.8% a year earlier.Reconstructed · data update
3. FY2024 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
4. FY2023 NewReturn on equity for fiscal 2023 was 33.8%.Reconstructed · initial
Free cash flow for fiscal 2025 was US$120 million, and operating cash flow was 1.7 times net income attributable to the company.
Interpretation. Operating cash flow paid for all capital expenditure, and the rest is free for dividends, share buybacks or debt repayment.
Confirmedin FY2025 · stated since FY2023
Rule: Free cash flow · Sources Annual report 2025-12
History of this finding, 4 records
1. FY2025 ConfirmedFree cash flow for fiscal 2025 was US$120 million, and operating cash flow was 1.7 times net income attributable to the company.Recorded from FY2025_b1101ab7 · wording
2. FY2025 WeakenedFree cash flow for fiscal 2025 was US$120 million, and operating cash flow was 1.7 times net income attributable to the company.Recorded from FY2025_c993ec72 · data update
3. FY2024 WeakenedFree cash flow for fiscal 2024 was US$159 million, and operating cash flow was 2.2 times net income attributable to the company.Reconstructed · data update
4. FY2023 NewFree cash flow for fiscal 2023 was US$211 million, and operating cash flow was 2.1 times net income attributable to the company.Reconstructed · initial
Net debt was US$1.9 billion at 31 December 2025.
Confirmedin FY2025 · stated since FY2023
Rule: Net debt or net cash · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 ConfirmedNet debt was US$1.9 billion at 31 December 2025.Recorded from FY2025_85b38bc0 · correction
2. FY2024 StrengthenedNet debt was US$1.9 billion at 31 December 2024.Reconstructed · data update
3. FY2023 NewNet debt was US$1.7 billion at 31 December 2023.Reconstructed · initial

Records before FY2025 are reconstructed from the latest snapshot. Ledger: findings.json. Correction of 28 October 2026: Annalist did not capture the borrowings of Barito Renewables ("Pinjaman - bagian jangka pendek" and "Pinjaman - bagian jangka panjang") or its depreciation and amortisation. Its debt of US$2.06 billion at 31 December 2025 was missing. Records 20 to 33 state the findings that the corrected figures give, among them net debt of US$1.9 billion at 31 December 2025 and lease-adjusted debt of 4.0 times adjusted EBITDA for fiscal 2025; records 20 to 27 are reconstructed from the corrected snapshot.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents3 documents, latest Annual report for the year to 31 December 2025List

DownloadsExcel workbook · JSON

SnapshotFY2025_b1101ab7

Corporate Events

Corporate events are listed for companies whose figures come from 10-K and 10-Q filings; none are listed for this company.

Earnings, Returns and Balance Sheet

Revenue

By fiscal year, US dollars

Profit Before Tax

By fiscal year, US dollars

Profit Attributable to Owners of the Parent

By fiscal year, US dollars

Margins

By fiscal year, per cent

Returns

By fiscal year, per cent

Free Cash Flow

Operating cash flow less capital expenditure, by fiscal year, US dollars

Net Debt

Total debt less cash and short-term investments, at fiscal year end, US dollars

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a figure derived from other figures of the same report.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

FY2025

Annual report for the year to 31 December 2025. Changes are against the previous report, and each figure shows its period.

0changes1threshold crossed

Changes in This Report 0

No finding changed its state in the latest report.

Thresholds Crossed 1

NewDebt Against the S&P Benchmark Bands
Lease-adjusted debt was 4.0 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 11.2% of that debt. Debt to EBITDA is within the significant band of the S&P standard volatility table and FFO to debt within the highly leveraged band.
Interpretation. Debt to EBITDA shows how many years of EBITDA the debt equals, and FFO to debt the share of the debt that 1 year of cash flow after interest and taxes would repay. The S&P table sorts both into 6 bands; the significant band is number 4 of 6, and a higher number means more debt against earnings.

Fiscal years, with balances at each fiscal year end. Select a value for its formula and the figures it uses.

Credit MetricsSignificant bandDebt to EBITDA 3.99x, FFO to debt 11.2% · FY2025

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt was 4.0 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 11.2% of that debt. Debt to EBITDA is within the significant band of the S&P standard volatility table and FFO to debt within the highly leveraged band.
Interpretation. Debt to EBITDA shows how many years of EBITDA the debt equals, and FFO to debt the share of the debt that 1 year of cash flow after interest and taxes would repay. The S&P table sorts both into 6 bands; the significant band is number 4 of 6, and a higher number means more debt against earnings.
Newin FY2025 · first stated
Rule: Debt against the S&P benchmark bands · Sources Annual report 2025-12
History of this finding, 5 records
1. FY2025 NewLease-adjusted debt was 4.0 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 11.2% of that debt. Debt to EBITDA is within the significant band of the S&P standard volatility table and FFO to debt within the highly leveraged band.Recorded from FY2025_85b38bc0 · correction
2. FY2025 RetiredThe finding changed to the significant band.Recorded from FY2025_85b38bc0 · correction
3. FY2024 NewLease-adjusted debt was 4.1 times adjusted EBITDA for fiscal 2024, and funds from operations equalled 11.9% of that debt. Debt to EBITDA is within the aggressive band of the S&P standard volatility table and FFO to debt within the highly leveraged band.Reconstructed · data update
4. FY2024 RetiredThe finding changed to the aggressive band.Reconstructed · data update
5. FY2023 NewLease-adjusted debt was 4.0 times adjusted EBITDA for fiscal 2023, and funds from operations equalled 9.9% of that debt. Debt to EBITDA is within the significant band of the S&P standard volatility table and FFO to debt within the highly leveraged band.Reconstructed · initial

Position in the S&P Standard Volatility Table, Fiscal 2025

S&P sorts companies into 6 bands by debt against earnings and cash flow, from the least debt to the most.

Debt equals 4.0 years of adjusted EBITDA; a year of funds from operations equals 11.2% of it.

Band	Minimal	Modest	Intermediate	Significant	Aggressive	Highly leveraged
Debt to EBITDA	below 1.5x	1.5x to 2x	2x to 3x	3.99x3x to 4x	4x to 5x	5x and above
FFO to debt	60% and above	45% to 60%	30% to 45%	20% to 30%	12% to 20%	11.2%below 12%

By Fiscal Year

Ratio	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Lease-adjusted debtBorrowings plus the obligations of long-term leases, such as rents of stores, offices and warehouses, which credit analysts count as debt.Total debt: borrowings + lease liabilities, or the lines that present them together; IFRS 16 puts every lease on the balance sheet
Adjusted EBITDAOperating profit before depreciation, amortisation, the impairment reported with them and pay in shares: the earnings that credit analysts set against debt.EBIT + depreciation and amortisation, with the impairment that the company reports together with them, + share-based payments; depreciation includes that of right-of-use assets, so no lease cost is added
Funds from operationsAdjusted EBITDA less interest and tax paid in cash: the cash the business produces each year for investment, dividends and debt repayment.Adjusted EBITDA - cash interest - cash taxes; cash interest includes the interest on lease liabilities
Debt to EBITDALease-adjusted debt measured in years of adjusted EBITDA. A figure of 3 means debt equals 3 years of those earnings; a lower figure means less debt against earnings.Lease-adjusted debt / adjusted EBITDA	aggressive	significant	aggressive	significant
FFO to debtFunds from operations as a share of lease-adjusted debt. A figure of 25% means a year of those funds equals a quarter of the debt; a higher figure means less debt.Funds from operations / lease-adjusted debt	aggressive	highly leveraged	highly leveraged	highly leveraged
Net debt to adjusted EBITDADebt to EBITDA after cash and short-term investments are set against the debt.(Lease-adjusted debt - cash - short-term investments) / adjusted EBITDA
Operating cash flow to debtOperating cash flow after interest paid, as a share of debt with lease liabilities. A higher share means the debt could be repaid sooner from operating cash.Operating cash flow after interest paid / lease-adjusted debt; interest paid that the company classifies as financing activities is deducted
Free operating cash flow to debtOperating cash flow less capital spending, as a share of lease-adjusted debt: the cash left for the debt after the company maintains and expands its assets.(Operating cash flow after interest paid - capital expenditure) / lease-adjusted debt
Discretionary cash flow to debtCash left after capital spending, dividends and share repurchases, as a share of lease-adjusted debt. A negative figure means the company paid out more than it generated.(Operating cash flow after interest paid - capital expenditure - dividends - purchases of own shares) / lease-adjusted debt
Retained cash flow to net debtFunds from operations left after dividends, as a share of debt net of cash.(FFO - dividends) / (lease-adjusted debt - cash - short-term investments)
FFO cash interest coverThe number of times cash earnings cover cash interest, lease interest included.(FFO + cash interest) / cash interest; cash interest includes the interest on lease liabilities
EBITDA interest coverThe number of times adjusted EBITDA covers interest, lease interest included.Adjusted EBITDA / finance costs, which include the interest on lease liabilities
Liquid assets to debtCash and short-term investments as a share of lease-adjusted debt: the part of the debt that cash on hand could repay at once.(Cash + short-term investments) / lease-adjusted debt

Reconciliation of the Credit Figures

Item	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Borrowings	$2.1bn	$2.0bn	$2.1bn	$2.1bn
Lease liabilities	$4.5m	$2.7m	$7.0m	$5.4m
Borrowings and lease liabilities presented as one line	$0	$0	$0	$0
Lease-adjusted debt	$2.1bn	$2.0bn	$2.1bn	$2.1bn
EBIT	$405m	$428m	$433m	$425m
Depreciation and amortisation, with the impairment reported with them	$68.2m	$74.0m	$82.8m	$93.4m
Share-based payments	$0	$0	$0	$0
Adjusted EBITDA	$473m	$502m	$515m	$518m
Cash interest	−$81.3m	−$135m	−$111m	−$128m
Cash taxes	−$128m	−$169m	−$154m	−$158m
Funds from operations	$264m	$198m	$250m	$231m

Method

Total debt is borrowings and lease liabilities, current and non-current, before the deduction of cash. Under IFRS 16 every lease is on the balance sheet, depreciation includes that of right-of-use assets and finance costs include the interest on lease liabilities, so no lease cost or lease interest is added.
Adjusted EBITDA adds share-based payments, and the impairment that the company reports with depreciation and amortisation, to EBIT and depreciation and amortisation. FFO deducts cash interest and cash taxes.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.

Liquidity and MaturitiesLiquidity cover 1.10x, Debt due within 12 months $204m · FY2025

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

Cash, short-term investments and operating cash flow for fiscal 2025 equalled 1.1 times the sum of debt due within 12 months, capital expenditure and dividends.
Interpretation. Cash on hand and 1 year of operating cash flow pay for the debt due in the next 12 months, capital expenditure and dividends, without new borrowing. Undrawn credit lines are not counted.
Weakenedin FY2025 · stated since FY20231.10x from 1.37x in FY2024
Rule: Liquidity cover · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 WeakenedCash, short-term investments and operating cash flow for fiscal 2025 equalled 1.1 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2025_85b38bc0 · correction
2. FY2024 WeakenedCash, short-term investments and operating cash flow for fiscal 2024 equalled 1.4 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
3. FY2023 NewCash, short-term investments and operating cash flow for fiscal 2023 equalled 3.1 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · initial

Sources and Uses, Fiscal 2025

Sources	Amount
Cash and short-term investments	$115m
Operating cash flow	$228m
Sources	$343m

Uses	Amount
Debt due within 12 months	$204m
Capital expenditure	$108m
Dividends paid	$0
Uses	$312m

Liquidity cover 1.10x

By Fiscal Year

Ratio	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Liquidity coverCash on hand plus a year of operating cash flow, against the cash needed in the next 12 months for maturing debt, capital spending and dividends. Above 1, these sources cover the uses without new borrowing.(Cash + short-term investments + operating cash flow) / (debt due within 12 months + capital expenditure + dividends); the flows of the fiscal year or of the last 4 quarters are taken as those of the next 12 months, and undrawn facilities are not included
Debt due within 12 monthsBorrowings and lease liabilities due within the next 12 months, which the company must repay or refinance.Current borrowings + current lease liabilities, or the current line that presents them together

Method

Debt due within 12 months is current borrowings and current lease liabilities.
Capital expenditure and dividends of the fiscal year are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityCash-flow accruals −2.5% · FY2025

Accruals and the cash backing of reported earnings.

Operating cash flow for fiscal 2025 exceeded net income attributable to the company by an amount equal to 2.5% of average total assets.
Interpretation. The profit came in as cash: operating cash flow was larger than net income. Profit backed by cash tends to repeat more than profit made of accounting entries (Sloan, 1996).
Weakenedin FY2025 · stated since FY2023−2.5% from −4.0% in FY2024
Rule: Cash backing of earnings · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 WeakenedOperating cash flow for fiscal 2025 exceeded net income attributable to the company by an amount equal to 2.5% of average total assets.Recorded from FY2025_c993ec72 · data update
2. FY2024 StrengthenedOperating cash flow for fiscal 2024 exceeded net income attributable to the company by an amount equal to 4.0% of average total assets.Reconstructed · data update
3. FY2023 NewOperating cash flow for fiscal 2023 exceeded net income attributable to the company by an amount equal to 3.5% of average total assets.Reconstructed · initial

By Fiscal Year

Ratio	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Cash-flow accrualsNet income less operating cash flow, against average assets: the part of profit not received in cash in the same period. Research associates high accruals with lower earnings in later years; a negative figure means cash exceeded profit.(Net income attributable to the company - operating cash flow) / average total assets	n/a
Balance sheet accrualsThe same gap between profit and cash, measured from the changes in the balance sheet (Sloan, 1996).[(Change in current assets - change in cash) - (change in current liabilities - change in short-term debt - change in taxes payable) - depreciation and amortisation] / average total assets (Sloan, 1996)	n/a
Total accrualsAccruals that also cover long-term operating and financial assets and liabilities (Richardson, Sloan, Soliman and Tuna, 2005). Acquisitions raise the figure.Change in net operating working capital, net non-current operating assets and net financial assets / average total assets (Richardson, Sloan, Soliman and Tuna, 2005)	n/a
Free cash flow to net incomeFree cash flow against net income. Below 1, investment and working capital take up part of the profit.(Operating cash flow - capital expenditure) / net income attributable to the company

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresAltman Z'' 2.04, Piotroski 6 of 9 · FY2025

Published distress and misstatement models, with their original coefficients and thresholds.

The Altman Z'' score for fiscal 2025 was 2.04, between the distress threshold of 1.10 and the safe threshold of 2.60.
Interpretation. By this model, the company is between the 2 groups of its original study: below 1.10 the profile resembles companies that went bankrupt, above 2.60 companies that did not. Large share buybacks lower book equity and so lower the score.
Confirmedin FY2025 · stated since FY20232.04 from 2.02 in FY2024
Rule: Altman Z'' zone · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 ConfirmedThe Altman Z'' score for fiscal 2025 was 2.04, between the distress threshold of 1.10 and the safe threshold of 2.60.Recorded from FY2025_c993ec72 · data update
2. FY2024 ConfirmedThe Altman Z'' score for fiscal 2024 was 2.02, between the distress threshold of 1.10 and the safe threshold of 2.60.Reconstructed · data update
3. FY2023 NewThe Altman Z'' score for fiscal 2023 was 2.29, between the distress threshold of 1.10 and the safe threshold of 2.60.Reconstructed · initial
The Piotroski F-score for fiscal 2025 was 6 of 9. The 3 signals not met were current ratio higher than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier.
Interpretation. The score counts how many of 9 tests of profit, debt, liquidity and efficiency the company passes. A score of 4 to 6 is the middle group: Piotroski (2000) placed 7 to 9 in the strongest group and 0 to 3 in the weakest.
Newin FY2025 · first stated
Rule: Piotroski F-score · Sources Annual report 2024-12, Annual report 2025-12
History of this finding, 3 records
1. FY2025 NewThe Piotroski F-score for fiscal 2025 was 6 of 9. The 3 signals not met were current ratio higher than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier.Recorded from FY2025_85b38bc0 · correction
2. FY2025 RetiredThe finding changed to a middle score.Recorded from FY2025_85b38bc0 · correction
3. FY2024 NewThe Piotroski F-score for fiscal 2024 was 7 of 9. The 2 signals not met were current ratio higher than a year earlier and asset turnover higher than a year earlier.Reconstructed · initial

By Fiscal Year

Ratio	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Altman Z'' scoreA measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.6.56 x working capital / total assets + 3.26 x retained earnings / total assets + 6.72 x EBIT / total assets + 1.05 x total equity / total liabilities (Altman, 1995); distress zone below 1.10, safe zone above 2.60	grey zone	grey zone	grey zone	grey zone
Piotroski F-scoreA count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.Number of 9 binary signals met on profitability, cash flow, debt, liquidity, equity issuance, margin and asset turnover (Piotroski, 2000)	n/a	n/a

Altman Z'' Score

fiscal 2025

A measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.

Distress zone, below 1.10

2.04Grey zone, 1.10 to 2.60

Safe zone, above 2.60

The score of 2.04 is in the grey zone of the model, between 1.10 and 2.60. The largest part is operating profit, at 0.74.

Part	Value	Coefficient	Contribution
Working capital / total assetsCurrent assets less current liabilities, against total assets: the short-term funds available for operations.	0.063	6.560	0.414
Retained earnings / total assetsProfits kept in the business over its life, against total assets.	0.177	3.260	0.578
EBIT / total assetsOperating profit against total assets: the earning power of the assets.	0.110	6.720	0.738
Total equity / total liabilitiesBook equity against liabilities: how far the assets could fall in value before liabilities exceed them.	0.296	1.050	0.311
Score			2.040

Altman, Hartzell and Peck (1995), for non-manufacturing companies. The model omits the ratio of sales to total assets of the 1968 model and uses book equity. Working capital below zero and equity reduced by share repurchases lower the score.

Piotroski F-score

fiscal 2025

A count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.

6 of the 9 tests are met, in the middle group of 4 to 6.

Signal	FY2025	FY2024
Return on assets above zero	Met	Met
Operating cash flow above zero	Met	Met
Return on assets higher than a year earlier	Met	Met
Operating cash flow above net income	Met	Met
Long-term debt to assets lower than a year earlier	Met	Met
Current ratio higher than a year earlier	Not met	Not met
No common equity issued	Met	Met
Margin higher than a year earlier	Not met	Met
Asset turnover higher than a year earlier	Not met	Not met

Piotroski (2000), 9 signals on profitability, funding and operating efficiency, designed for companies with high book-to-market ratios. Piotroski grouped scores of 8 and 9 as high and 0 and 1 as low; the findings group 7 to 9 and 0 to 3.

Source Documents

Documents of this snapshot, latest first. A report that states no date of publication carries the date on which its board approved the statements.

Document	Date	Id	SHA-256
Annual report for the year to 31 December 2025	18 Mar 2026, the date on which the board approved the statements	AR:barito-renewables-2025-12-31	b343a9b3a46f
Annual report for the year to 31 December 2024	20 Mar 2024, the date on which the board approved the statements	AR:barito-renewables-2024-12-31	6d5eba8c6633
Annual report for the year to 31 December 2023	15 Mar 2024, the date on which the board approved the statements	AR:barito-renewables-2023-12-31	5e04521e34e4

Checks

269266 of 269 checks passed, 3 warnings

Statement arithmetic174 passedIn every annual report used, the lines of each statement add up to the totals printed under them, profit before tax less income tax gives the profit, the balance sheet balances, and the cash at the end of each year is the cash at its start with its change. A report that fails one is not used. Checked at error level.

Statements and notes6 passedWhere the statement of cash flows gives no depreciation and amortisation, the amount comes from the statement of profit or loss, a note on expenses by nature or the note on segments. Where the report gives it twice, both amounts agree; an amount that the report gives twice in disagreement is withheld. Where the report gives none of these, the amount is the sum of the charges that the notes on each class of assets state, used only where the notes on costs give the same sum and every class of assets on the balance sheet has its charge. Checked at warning level.

Fiscal calendar7 passedFiscal years last 350 to 380 days, and each starts on the day after the one before. Checked at error level.

Coverage2 passedThe latest fiscal year gives total assets and a profit figure. Checked at error level.

Balance sheet identity4 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Earnings per share3 of 4 passedProfit divided by earnings per share gives a number of shares in line with the other years. Checked at warning level.

Earnings per share, basic, FY2022: $1,430,324,909.75

Agreement between annual reports70 passedA value of a year that the annual report of the year and that of the next year give in the same amount. A value that the later report gives differently is listed as a restatement, and the later value is used. Checked at warning level.

Withheld values2 values withheldA value that contradicts the definition of its item, or that documents report in contradiction, is withheld. Checked at warning level.

Earnings per share, basic, FY2022: withheld, out of line with the other years of the company

Earnings per share, diluted, FY2022: withheld, out of line with the other years of the company

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	139
Confirmed by other figures	56.1%, 78 values
Confirmed by a second document	50.4%, 70 values
Derived from reported figures	0.0%, 0 values
Values withheld	2
Restated figures tracked	1
Changes compared on one basis	0
Company lines mapped	0 of 0 reviewed

Citation

Annalist, PT Barito Renewables Energy Tbk, snapshot barito-renewables/FY2025_b1101ab7 (as of FY2025); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2025_b1101ab7 · dataset SHA-256 b1101ab711c612ad2745f7b458fb8240ad4987720b0bdbeb54e67d50e9905de1 · findings rules 0.4

Data: info.json · dataset.json · validation.json · documents.json