Announcement • Apr 11
PT Golden Energy Mines Tbk, Annual General Meeting, May 19, 2026 PT Golden Energy Mines Tbk, Annual General Meeting, May 19, 2026. Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: US$0.044 (vs US$0.081 in FY 2024) Full year 2025 results: EPS: US$0.044 (down from US$0.081 in FY 2024). Revenue: US$2.41b (down 11% from FY 2024). Net income: US$258.2m (down 46% from FY 2024). Profit margin: 11% (down from 18% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: US$0.008 (vs US$0.014 in 3Q 2024) Third quarter 2025 results: EPS: US$0.008 (down from US$0.014 in 3Q 2024). Revenue: US$593.4m (down 8.0% from 3Q 2024). Net income: US$47.6m (down 41% from 3Q 2024). Profit margin: 8.0% (down from 13% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Oct 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Independent Commissioner Bambang Setiawan was the last independent director to join the board, commencing their role in 2012. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 09
PT Golden Energy Mines Tbk, Annual General Meeting, May 15, 2025 PT Golden Energy Mines Tbk, Annual General Meeting, May 15, 2025. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to Rp14,000, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 551% over the past three years. New Risk • Aug 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Upcoming Dividend • Aug 27
Upcoming dividend of US$0.025 per share Eligible shareholders must have bought the stock before 03 September 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 10.0%. Within top quartile of Indonesian dividend payers (6.0%). Higher than average of industry peers (5.9%). Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: US$0.025 (vs US$0.018 in 2Q 2023) Second quarter 2024 results: EPS: US$0.025 (up from US$0.018 in 2Q 2023). Revenue: US$651.6m (up 7.7% from 2Q 2023). Net income: US$145.2m (up 39% from 2Q 2023). Profit margin: 22% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 05
Now 22% undervalued Over the last 90 days, the stock has risen 48% to Rp9,025. The fair value is estimated to be Rp11,570, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 32%. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp8,475, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 273% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp7,000, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 191% over the past three years. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: US$0.029 (vs US$0.039 in 1Q 2023) First quarter 2024 results: EPS: US$0.029 (down from US$0.039 in 1Q 2023). Revenue: US$715.6m (down 15% from 1Q 2023). Net income: US$171.7m (down 25% from 1Q 2023). Profit margin: 24% (down from 27% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 04
Upcoming dividend of Rp410 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 25 June 2024. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 17%. Within top quartile of Indonesian dividend payers (6.6%). Higher than average of industry peers (7.7%). Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: US$0.009 (vs US$0.023 in 3Q 2022) Third quarter 2023 results: EPS: US$0.009 (down from US$0.023 in 3Q 2022). Revenue: US$611.5m (down 16% from 3Q 2022). Net income: US$52.8m (down 61% from 3Q 2022). Profit margin: 8.6% (down from 19% in 3Q 2022). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: US$0.018 (vs US$0.034 in 2Q 2022) Second quarter 2023 results: EPS: US$0.018 (down from US$0.034 in 2Q 2022). Revenue: US$604.8m (down 24% from 2Q 2022). Net income: US$104.4m (down 48% from 2Q 2022). Profit margin: 17% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 11% decline forecast for the Oil and Gas industry in Indonesia. Reported Earnings • Jun 29
First quarter 2023 earnings released: EPS: US$0.039 (vs US$0.023 in 1Q 2022) First quarter 2023 results: EPS: US$0.039 (up from US$0.023 in 1Q 2022). Revenue: US$838.7m (up 56% from 1Q 2022). Net income: US$229.1m (up 72% from 1Q 2022). Profit margin: 27% (up from 25% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 1.4% p.a. on average during the next 2 years compared to a 9.1% decline forecast for the Oil and Gas industry in Indonesia. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Independent Commissioner Bambang Setiawan was the last independent director to join the board, commencing their role in 2012. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 01
Upcoming dividend of Rp265 per share Eligible shareholders must have bought the stock before 08 November 2022. Payment date: 17 November 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Indonesian dividend payers (4.9%). Higher than average of industry peers (8.3%). Upcoming Dividend • Sep 05
Upcoming dividend of Rp506 per share Eligible shareholders must have bought the stock before 12 September 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of Indonesian dividend payers (4.7%). Higher than average of industry peers (5.0%). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 21% share price gain to Rp8,025, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 8x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 159% over the past year. Reported Earnings • Jun 05
First quarter 2022 earnings released: EPS: US$0.023 (vs US$0.017 in 1Q 2021) First quarter 2022 results: EPS: US$0.023 (up from US$0.017 in 1Q 2021). Revenue: US$539.1m (up 41% from 1Q 2021). Net income: US$133.4m (up 35% from 1Q 2021). Profit margin: 25% (down from 26% in 1Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 17% share price gain to Rp6,750, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 94% over the past year. Upcoming Dividend • May 30
Upcoming dividend of Rp62.30 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 15 June 2022. Payout ratio and cash payout ratio are on the higher end at 88% and 82% respectively. Trailing yield: 13%. Within top quartile of Indonesian dividend payers (4.1%). Higher than average of industry peers (4.7%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Head of Business Development Division & Independent Director Leonard Sundarto was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 15% share price gain to Rp5,575, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 10x in the Oil and Gas industry in Indonesia. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Rp5,375, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Upcoming Dividend • Dec 31
Upcoming dividend of Rp266 per share Eligible shareholders must have bought the stock before 07 January 2022. Payment date: 18 January 2022. Payout ratio is a comfortable 46% and the cash payout ratio is 98%. Trailing yield: 1.5%. Lower than top quartile of Indonesian dividend payers (3.9%). Lower than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improved over the past week After last week's 28% share price gain to Rp6,975, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 10x in the Oil and Gas industry in Indonesia. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 28% share price gain to Rp5,450, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 10x in the Oil and Gas industry in Indonesia. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 18% share price gain to Rp4,190, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 13x in the Oil and Gas industry in Indonesia. Board Change • Sep 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Head of Business Development Division & Independent Director Leonard Sundarto was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.