1. Indonesia Stocks

  2. •

    Utilities

  3. •

    Renewable Utilities
PT. Arkora Hydro Tbk

PT. Arkora Hydro Tbk

ARKO.JK
PT. Arkora Hydro TbkID flagIndonesia Stock Exchange
4,540.00
IDR
+40.00
- -
13.30TMarket Cap
PT. Arkora Hydro Tbk
ARKO.JK
(Indonesia Stock Exchange)

Recent

price

4,540.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
59.11
50.05
17.97
68.42
94.47
62.23
81.58
117.23
116.21
Revenue per Share
7.18
-2.97
-7.8
16.89
20.07
18.87
14.27
21.82
20.51
Basic EPS, GAAP
-0.51
-0.55
-3.78
-1.04
-2.93
-24.16
-2.05
-4.9
-4.95
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
19.43
16.46
8.66
25.54
54.09
61.13
75.4
96.54
101.75
Book Value per Share
51.73
48.79
41.54
55.39
143.58
139.03
139.83
159.46
165.43
Tangible Book Value per Share
2,900
2,900
2,900
2,900
2,624
2,928
2,928
2,928
2,928
Basic Weighted Avg Shares
171,393
145,119
52,094
198,393
247,884
182,229
238,914
343,321
340,311
Sales/Revenue/Turnover
31.78
19.09
-6.96
45.92
38.75
33.31
0.53
5.09
1.25
Operating Margin (%)
303
849
2,374
1,275
1,969
2,883
5,180
8,505
9,333
Depreciation Expense
20,831
-8,606
-22,628
48,959
52,660
55,257
41,800
63,903
60,070
Net Income, GAAP
30.32
169.43
- -
34.11
33.95
24.73
- -
- -
44.19
Effective Tax Rate (%)
12.15
-5.93
-43.44
24.68
21.24
30.32
17.5
18.61
17.65
Profit Margin (%)
20,622
-22,735
31,668
-113,213
21,955
101,126
74,749
-146,330
-127,387
Working Capital
247,071
314,255
390,715
297,617
306,151
539,691
688,428
663,193
673,584
LT Debt
150,265
141,736
120,715
171,026
400,011
454,099
451,627
516,200
533,454
Total Equity
- -
-4.27
- -
10.64
8.73
4.88
- -
- -
- -
Return on Invested Capital (%)
- -
-9.56
- -
17.63
15.68
13.77
- -
- -
30.07
Return on Capital (%)
- -
-16.54
-62.14
98.75
48.76
34.43
20.91
25.38
22.25
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
32,957
373,623
369,071
LT Borrowings
940,125
663,193
673,584
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,928
2,928
2,928
Market Capitalization
4,832,017
17,424,545
17,204,908

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
190,831
281,587
284,657
Cash, Cash Equivalents & STI
178,215
238,970
258,684
Accounts Receivable, Net
8,277
17,666
22,760
Inventories
- -
- -
- -
Total Current Liabilities
53,322
427,917
412,045
Payables & Accruals
- -
- -
- -
ST Debt
32,957
373,623
369,071
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
40.57%
14.3%
Free Cash Flow
- -
190.39%
139.04%
Net Income, GAAP
- -
-55.07%
52.88%
Sales/Revenue/Turnover
- -
70.82%
43.7%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
45,896
54,434
53,184
85,400
238,914
2025
71,066
71,469
104,901
95,886
343,321
2026
68,056
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.22
- -
- -
- -
14.27
2025
7.2
- -
- -
- -
21.82
2026
5.9
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PT. Arkora Hydro Tbk (ARKO.JK) is an Indonesian company engaged in the development, construction, and operation of hydroelectric power plants and renewable energy projects. The company offers engineering, procurement, and construction (EPC) services for hydropower facilities; operation and maintenance (O&M) services for power plants; and energy sales through power purchase agreements with utilities and industrial customers. Its core portfolio includes run-of-river hydropower plants with capacities ranging from 1 MW to 10 MW, mini-hydropower systems, and related infrastructure such as turbines, generators, and control systems manufactured to international standards. Founded in 2018 and headquartered in Jakarta, Indonesia, Arkora Hydro primarily serves the domestic market in Indonesia, targeting state-owned electricity company PLN and private off-grid industrial users in Sumatra, Java, and Sulawesi regions. The company operates in the renewable energy sector, focusing on sustainable hydropower within the broader clean energy segment, with expansion into hybrid solar-hydro systems. It maintains subsidiaries for project development and EPC execution, positioning itself as a key player in Indonesia's energy transition goals. In the last two years, Arkora Hydro has undergone significant strategic shifts, including its initial public offering (IPO) on the Indonesia Stock Exchange in early 2024, raising capital for pipeline expansion. The company announced a major partnership with a Chinese turbine supplier in mid-2025 to localize manufacturing and reduce costs for upcoming 5 MW projects in Sumatra. Additionally, it launched a new 3 MW hydropower plant in Java in late 2024 and acquired a development-stage mini-hydro asset in Sulawesi, enhancing its operational capacity to over 50 MW by end-2025.