Raharja Energi Cepu Liabilities Rise 702.7% From End-2025 on Higher Borrowings
Bitget2026/10/27 07:48- Raharja Energi Cepu's assets rose 212.3%; liabilities surged 702.7% as of September 30, 2026, versus December 31, 2025.
- Asset growth primarily reflected the acquisition of SMS Development through Raharja Energi Madura, with effective control from January 1, 2026.
- SMS Development's 20% stake in Husky-CNOOC Madura accounted for about 76% of the asset increase.
- Liabilities increased primarily through first-quarter bonds and sukuk issuance, followed by second-quarter bank borrowing tied to the acquisition.
- Bank loans represented about 68% of the liability increase; bonds and sukuk accounted for about 32%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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