PGN (PGAS) Declares US$172.3 Million Dividend, Reflecting Solid 2025 Performance
JAKARTA — PT Perusahaan Gas Negara Tbk. (PGAS), a key subsidiary of the Pertamina Group, has officially approved a dividend payout of US$172.3 million for the 2025 financial year. This amount represents 80% of the company’s total annual profit, signaling a commitment to delivering value to shareholders.
The distribution was ratified during the Annual General Meeting of Shareholders (AGMS) held on Friday, May 22, 2026. According to industry reports, this dividend equates to approximately US$0.0071 per share, or roughly Rp125.8 per share, based on an assumed exchange rate of Rp17,700 per US dollar.
Dividend Yield and Market Outlook
Market analysts suggest that at current share prices, the dividend yield for PGAS is estimated to reach approximately 6.9%. While the company has yet to announce the specific schedule for the cum-dividend date and final payment, the announcement follows recent insights into the investment strategies of renowned market figures, such as Lo Kheng Hong, who maintains a significant stake in the company.
The decision to distribute such a substantial dividend is supported by the company’s robust financial growth throughout 2025. PGN recorded revenue of US$3.9 billion, a 5% increase compared to the previous year. Furthermore, the company reported an operating profit of US$519.6 million, with net profit reaching US$215.4 million—a figure influenced by non-cash adjustments related to upstream asset valuations.
Operational Excellence and Business Diversification
PGN’s financial health remains resilient, evidenced by an EBITDA of US$971.2 million and a positive operational cash flow of US$657.1 million. This strong performance is driven by a well-diversified business portfolio, particularly within the midstream and downstream segments, which include natural gas transmission, distribution, and the strategic contribution of subsidiaries and affiliates.
Operational efficiency has also been a key highlight, with natural gas transmission volume rising by 4% year-on-year to 1,609 MMscfd, fueled by consistent growth in customer demand.
Strong Momentum into 2026
The positive momentum has carried over into the first quarter of 2026. PGAS reported a net profit attributable to the parent entity of US$90.4 million, marking a significant 46% increase compared to the same period last year. This growth was bolstered by a 12% rise in gross profit, a 7% reduction in the cost of goods sold—amounting to approximately US$54 million—and improved financial and foreign exchange management.
During the January to March 2026 period, PGN generated revenue of US$929.6 million and an EBITDA of US$240.6 million. Finance Director Catur Dermawan noted that the company’s core business in natural gas trading and infrastructure continues to serve as the backbone of its financial stability.
This achievement reflects the company’s ability to maintain profitability through operational efficiency, disciplined financial management, and a balanced business portfolio, Catur stated in a formal release on Monday, April 27, 2026. As the company continues to secure new contracts, such as the recent LNG deal for the Masela Block with INPEX, PGN remains a central player in the nation’s energy landscape.
Summary
PT Perusahaan Gas Negara Tbk. (PGAS) has approved a dividend payout of US$172.3 million for the 2025 financial year, representing 80% of its total net profit. This distribution amounts to approximately US$0.0071 or Rp125.8 per share, reflecting a dividend yield of roughly 6.9%. The decision follows a strong 2025 performance, where the company recorded US$3.9 billion in revenue and a net profit of US$215.4 million.
The company maintains a positive outlook, supported by robust operational cash flows and a 4% increase in natural gas transmission volumes. Financial momentum has continued into the first quarter of 2026, with a 46% year-on-year increase in net profit. PGN’s stability remains anchored in its diversified business segments and disciplined cost management, solidifying its position as a major player in Indonesia’s energy infrastructure.