1. Indonesia Stocks

  2. •

    Industrials

  3. •

    Engineering & Construction
PT Maharaksa Biru Energi Tbk

PT Maharaksa Biru Energi Tbk

OASA.JK
PT Maharaksa Biru Energi TbkID flagIndonesia Stock Exchange
258.00
IDR
-4.00
- -
1.64TMarket Cap
PT Maharaksa Biru Energi Tbk
OASA.JK
(Indonesia Stock Exchange)

Recent

price

258.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2024
2025
TTM
FRC
10.52
5.13
2.29
Revenue per Share
-9.89
-6.74
-9.2
Basic EPS, GAAP
-0.61
-0.07
-0.08
Free Cash Flow per Basic Share
- -
- -
- -
Dividend per Share
- -
84.48
80.74
Book Value per Share
- -
87.44
83.64
Tangible Book Value per Share
6,347
6,347
6,347
Basic Weighted Avg Shares
66,776
32,583
14,513
Sales/Revenue/Turnover
-92.95
-108.36
-324.31
Operating Margin (%)
5,780
6,645
6,529
Depreciation Expense
-62,803
-42,786
-58,414
Net Income, GAAP
- -
- -
- -
Effective Tax Rate (%)
-94.05
-131.31
-402.5
Profit Margin (%)
- -
75,647
54,313
Working Capital
- -
- -
- -
LT Debt
- -
558,061
533,656
Total Equity
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
Return on Capital (%)
- -
-15.96
-92.45
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
19,012
18,184
23,806
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,347
6,347
6,347
Market Capitalization
1,485,249
1,675,666
1,510,638

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
175,414
124,655
114,715
Cash, Cash Equivalents & STI
43,507
23,623
2,521
Accounts Receivable, Net
2,788
679
635
Inventories
77
157
154
Total Current Liabilities
61,830
49,008
60,403
Payables & Accruals
- -
- -
- -
ST Debt
19,012
18,184
23,806
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
-88.08%
Net Income, GAAP
- -
- -
-31.87%
Sales/Revenue/Turnover
- -
- -
-51.21%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
66,776
2025
20,453
4,052
6,142
1,936
32,583
2026
2,383
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
-9.89
2025
-1.27
- -
- -
- -
-6.74
2026
-3.73
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
China Railway Construction Corporation Limited (1186.HK)
Muhibbah Engineering (M) Bhd. (5703.KL)
Hon Corporation Limited (8259.HK)
Rawasi Albina Investment Co. (9547.SR)
Hifab Group AB (publ.) (HIFA-B.ST)
Anhui Gourgen Traffic Construction Co.,Ltd. (603815.SS)
Business
PT Maharaksa Biru Energi Tbk (OASA.JK) is an investment holding company primarily engaged in renewable energy and environmental technology solutions in Indonesia. The company, through its subsidiaries, develops waste-to-energy power plants in several cities across Java, provides biomass energy generation, and offers environmentally friendly contracting services including construction of civil electrical buildings and communication installations; it also focuses on biochemical production, waste management, water treatment, wastewater treatment, and smart technology applications for modern city management emphasizing energy efficiency and material recovery. Operations span construction services, sales of goods, installation, consulting, management, and maintenance services within the renewable energy and waste management sectors, targeting municipal governments, industrial clients, and urban development projects throughout Indonesia. Founded in 2006 and headquartered at Treasury Tower, District 8, 15th Floor Suite A-B-M-N, Jl. Jend. Sudirman Kav. 52-53, South Jakarta, the company originally operated as a general trader and contractor before shifting to telecommunications and then pivoting to renewable energy in 2022; it changed its name from PT Protech Mitra Perkasa Tbk to PT Maharaksa Biru Energi Tbk in October 2022 to reflect its new strategic focus. Key subsidiaries include PT Telesys Indonesia (99.99% owned, involved in wood industry, wholesale trade, construction, and waste activities), PT Indoplas Makmur Lestari (99.99% owned, focused on water and waste treatment), PT Mentari Biru Biomassa (90% owned, covering construction, industry, energy supply, and remediation), and others such as PT Indoplas Karya Energi, PT Indoplas Energi Hijau, and entities under development like PT Mentari Biru Energi and PT Mentari Biru Blora for biomass and energy projects. Recent developments include the establishment of PT Mentari Biru Biomassa in January 2024 with IDR 2.7 billion investment for 90% ownership to enhance regular operating profits through biomass activities, which commenced commercial operations in February 2024; the company also executed a share capital increase via pre-emptive rights in late 2022, issuing nearly 6 billion new shares, and reported treasury share purchases reaching 5% ownership in August 2024 to support capital structure. As Indonesia's first Environmental Technology Group utilizing BLUE technology, it continues expanding waste-to-energy infrastructure and related services amid growing demand for sustainable energy solutions.