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    Regulated Gas
PT Perusahaan Gas Negara Tbk

PT Perusahaan Gas Negara Tbk

PPAAF
PT Perusahaan Gas Negara TbkUS flagOther OTC
0.09
USD
- -
- -
2.07BMarket Cap
PT Perusahaan Gas Negara Tbk
PPAAF
(Other OTC)

Recent

price

0.09

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.09
0.09
0.11
0.12
0.13
0.13
0.12
0.15
0.16
0.16
0.12
0.13
0.15
0.15
0.16
0.16
0.12
Revenue per Share
0.03
0.03
0.04
0.03
0.03
0.02
0.01
0.01
0.01
- -
-0.01
0.01
0.01
0.01
0.01
0.01
0.01
Basic EPS, GAAP
-0.01
- -
-0.01
-0.01
-0.02
-0.04
-0.02
-0.02
-0.02
-0.01
-0.01
-0.01
-0.01
-0.01
-0.01
-0.01
-0.01
Free Cash Flow per Basic Share
0.02
0.02
0.01
0.02
0.02
0.01
0.01
0.01
- -
- -
- -
- -
0.01
0.01
0.01
0.02
- -
Dividend per Share
0.03
0.03
0.04
0.04
0.03
0.02
0.01
0.02
0.02
0.02
- -
0.03
0.03
0.03
0.03
0.02
0.03
Book Value per Share
0.07
0.08
0.1
0.11
0.12
0.12
0.17
0.18
0.13
0.13
0.12
0.14
0.14
0.15
0.15
0.15
0.15
Tangible Book Value per Share
24,240
24,240
24,240
24,240
24,240
24,240
24,242
24,242
24,242
24,242
24,242
24,242
24,242
24,242
24,242
24,242
24,242
Basic Weighted Avg Shares
2,168
2,230
2,580
3,002
3,253
3,069
2,935
3,571
3,870
3,849
2,886
3,036
3,569
3,646
3,789
3,976
2,954
Sales/Revenue/Turnover
45.71
40.72
39.66
31.27
28.02
21.86
17.37
15.02
18.71
13
3.03
17.4
15.86
13.39
14.4
13.11
18.22
Operating Margin (%)
- -
195
191
187
125
129
127
299
241
203
10
5
11
11
12
8
5
Depreciation Expense
709
681
891
804
711
401
304
197
305
68
-265
304
326
278
339
215
150
Net Income, GAAP
19.84
19.5
20.3
21.39
23.53
7.91
19.85
39.4
37.66
59.64
- -
22.1
26.05
28.11
23.98
29.01
29.16
Effective Tax Rate (%)
32.7
30.52
34.53
26.8
21.86
13.07
10.37
5.51
7.88
1.76
-9.18
10.01
9.14
7.63
8.96
5.42
5.09
Profit Margin (%)
1,093
1,233
1,511
891
1,066
1,055
1,385
1,394
869
1,081
823
1,327
1,220
430
852
904
1,047
Working Capital
1,195
994
840
573
1,805
2,587
3,040
2,708
2,736
2,560
2,958
2,895
2,101
916
1,058
873
868
LT Debt
1,651
1,879
2,355
2,608
2,875
3,023
4,186
4,310
3,202
3,234
2,955
3,285
3,442
3,540
3,672
3,608
3,728
Total Equity
27.89
24.01
25.72
21.33
16.79
12.07
6.23
4.41
6.53
3.13
- -
6.59
7.21
6.71
8.49
7.91
7.96
Return on Invested Capital (%)
30.11
30.94
42.98
40.06
34.59
17.45
10.93
5.93
7.95
2.08
- -
8.74
8.69
7.38
10.02
4.64
2.5
Return on Capital (%)
73.42
84.49
100.29
85
86.22
68.07
80.05
48.09
56.81
13.54
-107.88
83.57
49.5
43.04
52
34.66
21.55
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
226
215
LT Borrowings
- -
559
550
LT Finance Leases
- -
314
318
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
24,242
24,242
Market Capitalization
2,213
2,796
3,151

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
2,074
2,088
Cash, Cash Equivalents & STI
- -
1,336
1,362
Accounts Receivable, Net
- -
399
386
Inventories
- -
143
109
Total Current Liabilities
- -
1,169
1,041
Payables & Accruals
- -
- -
- -
ST Debt
- -
226
215
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.89%
4.15%
-1.73%
Free Cash Flow
-9.4%
-1.29%
49.59%
Net Income, GAAP
-81.08%
-47.32%
-36.55%
Sales/Revenue/Turnover
3.39%
6.76%
4.94%
Total Cash Common Dividend
81.9%
176.04%
19.48%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
949
890
978
972
3,789
2025
967
971
- -
1,053
3,976
2026
930
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
- -
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Business
PT Perusahaan Gas Negara Tbk PT Perusahaan Gas Negara Tbk (PGAS:IJ), a subsidiary of PT Pertamina (Persero) since 2018 and Indonesia's leading natural gas distribution and transportation company, operates over 10,000 kilometers of pipelines covering approximately 96% of the national network primarily in Sumatra, Java, and Kalimantan; provides natural gas distribution to more than 2,000 industrial, commercial, household, and small business customers through integrated pipeline systems, compressed natural gas (CNG) stations for transportation, and liquefied natural gas (LNG) solutions including trading, hub and storage, and bunkering; engages in midstream transmission via subsidiaries such as PT Transportasi Gas Indonesia, upstream activities through PT Saka Energi Indonesia with 11 oil and gas blocks in Indonesia and one shale gas asset in Houston, US, and downstream regasification with two floating storage regasification units in Lampung and West Java plus the Arun land-based facility; offers supporting services in engineering, procurement, construction, project management consultancy, telecommunications, and energy utilization solutions like electricity provision via PT Gagas Energi Indonesia; headquartered in Jakarta and founded in 1965 from origins dating to 1859, the company serves residential, commercial, industrial, and transport sectors across Indonesia. In recent developments, PT Perusahaan Gas Negara Tbk strengthened partnerships by signing a July 2025 memorandum of understanding with Mubadala Energy (South Andaman) RSC Ltd to explore South Andaman gas utilization, pipeline infrastructure, and LNG options building on their October 2024 agreement for Arun facilities; advanced LNG operations by delivering five cargoes in the first half of 2025 amid pipeline constraints and planning 10-15% LNG share growth with infrastructure upgrades; progressed early gas sales agreements including a heads of agreement with NuEnergy Gas Ltd for 1 million standard cubic feet per day from Tanjung Enim wells finalized in late 2025; invested US$255 million in 2024 capital expenditures for pipelines like Cikampek-Plumpang and Tegal-Cilacap plus Arun LNG terminal revitalization; and expanded international LNG trading with seven cargoes sold in 2024 while negotiating 2026 extensions.