• Raharja Energi Cepu's assets rose 212.3%; liabilities surged 702.7% as of September 30, 2026, versus December 31, 2025.
• Asset growth primarily reflected the acquisition of SMS Development through Raharja Energi Madura, with effective control from January 1, 2026.
• SMS Development's 20% stake in Husky-CNOOC Madura accounted for about 76% of the asset increase.
• Liabilities increased primarily through first-quarter bonds and sukuk issuance, followed by second-quarter bank borrowing tied to the acquisition.
• Bank loans represented about 68% of the liability increase; bonds and sukuk accounted for about 32%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Raharja Energi Cepu Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: REC/CO/27.299/X/2026) on October 27, 2026, and is solely responsible for the information contained therein.