Indonesia Energy net loss narrows 33.35% to $1.88 million in 1H FY26; revenue rises 66.38% to $1.78 million in 1H FY26
Bitget2026/09/24 20:32- Indonesia Energy posted a net loss of USD 1.88 million for the six months ended June 30, 2026, narrowing 33.34%.
- Revenue rose to USD 1.78 million, up 66.38% from the year-earlier period.
- Operating loss narrowed to USD 1.69 million, while loss per share improved to USD 0.12 from USD 0.19.
- Net cash used in operating activities fell to USD 2.09 million, and cash climbed to USD 5.57 million at June 30, 2026.
- Spudded the K-29 well on July 25, 2026; drilling finished in August, with production expected to start in late September.
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