PGN (PGAS) Revenue Climbs to US$ 2.9 Billion in Q3 2025 as Customer Base Expands
Key Takeaways
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JAKARTA, Investortrust.id — PT Perusahaan Gas Negara Tbk, or PGN, the gas subholding of Pertamina, records a solid performance in the third quarter of 2025 as revenue and operational efficiency improve amid global energy market volatility. The company, traded under ticker PGAS, also strengthens its business fundamentals through risk mitigation strategies and disciplined financial management.
Corporate Secretary Fajriyah Usman said that as of September 30, 2025, PGN posted revenue of US$ 2.9 billion, up about 3.8% from the same period a year earlier. “Operating profit reached US$ 383.1 million, EBITDA stood at US$ 728.7 million, and net profit amounted to US$ 237.9 million,” she said in a statement on Saturday, Nov 1, 2025.
Capital expenditure reached US$ 173.9 million, allocated for long-term strategic projects supporting sustainable growth.
Positive performance was also seen across the company’s key operational segments. Natural gas sales volume reached 833.0 BBTUD, gas transmission 1,622.3 MMSCFD, and oil transportation 173,801.2 BOEPD. Subsidiaries and affiliates contributed oil and gas lifting of 16,892.4 BOEPD, regasification of 254.4 BBTUD, and LPG processing of 119.2 metric tons per day.
From the international LNG trading business, PGN delivered five LNG cargoes, equivalent to 56.3 BBTUD, to regional Asian markets through September 2025. This achievement highlights the company’s ability to manage its gas and LNG portfolio adaptively amid fluctuating global demand.
“Ensuring reliable gas supply for customers remains PGN’s top priority. We continue to strengthen coordination with the government and key stakeholders to maintain the sustainability of national energy services,” Fajriyah said.
Fajriyah added that PGN continues to implement comprehensive risk-mitigation strategies, cost efficiency, and disciplined cash flow management. “We apply prudence in financial governance and remain selective in prioritizing projects that strengthen our capital structure. These measures are crucial to ensure PGN’s resilience in facing future industry challenges,” she said.
The company’s customer base also expanded to 823,266 customers, an increase of more than 6,600 new connections throughout 2025, primarily from household and small business segments. The growth underscores the rising adoption of natural gas as a clean and efficient energy source.
In sustainability efforts, PGN achieved a decarbonization reduction of 28,387 tons of CO₂ equivalent, mainly through energy efficiency and gas-fueled power generation. “With disciplined risk management, continuous efficiency, and a focus on high-value projects, PGN is well-positioned to maintain operational stability while creating long-term value for all stakeholders,” Fajriyah concluded.