Jakarta – Renewable energy company PT Hero Global Investment Tbk (HGII) targets revenue and net profit growth to triple by 2025. The company’s management is aiming for revenue of IDR 95 billion and a net profit of IDR 35 billion by the end of this year.
“Revenue and profit growth this year is approximately three times last year’s. The source comes from the contribution of three existing projects,” said Hero Global Investment Finance Director Hugo Feber Parluhutan Silalahi during the initial listing of HGII shares on the Indonesia Stock Exchange (IDX), on Thursday, January 9.
Hugo added that three existing projects will support the company’s performance growth. Hero Global Investment already owns and operates the Parmonangan-1 Minihydro Power Plant (PLTM) with a capacity of 9 megawatts (MW) and the Parmonangan-2 PLTM with a capacity of 10 MW.
Both plants are in Manalu Dolok Village, Parmonangan District, North Tapanuli Regency, North Sumatra Province.
“This renewable energy plant is operated through a power purchase agreement with PT Perusahaan Listrik Negara (Persero) or PLN,” said Hugo.
HGII shares were listed on the IDX today and became the fifth issuer to list on the IDX in 2025 after completing all stages of the initial public offering.
In this corporate action, HGII released 1.3 billion shares or equivalent to 20% of the total issued and fully paid capital after the IPO. With an offering price of Rp200 per share, Hero Global Investment raised Rp260 billion in IPO funds. (hs)
