Jakarta, December 18, 2025 – PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) reaffirmed its commitment to strengthening corporate governance and risk management across all business lines. PGE achieved impressive results in the 2025 Risk Maturity Assessment (RMA) conducted by the independent Indonesia Risk & Business Advisory (IRBA). The assessment placed PGE in the 'Good Practices (+)' phase with a Risk Maturity Index (RMI) score of 3.7 out of 5.0, an achievement reflecting the company's growing risk management maturity year after year.
These results demonstrate PGE's ability to effectively manage risk to protect and create corporate value and its increasing adaptability in the face of increasingly complex energy sector dynamics, particularly in the geothermal industry, which presents technical and operational challenges. Strengthening risk culture, improving governance, and developing risk management processes are integral parts of the company's transformation toward global standards.
Ahmad Yani, Director of Operations at PT Pertamina Geothermal Energy Tbk, stated that this achievement is the result of the company's systematic efforts to integrate risk management principles into every business process.
"The results of the 2025 Risk Maturity Assessment demonstrate PGE's commitment to ensuring that every operational decision is based on strong, measurable, and accountable risk governance. The 'Good Practices (+)' rating further solidifies PGE's progress toward its vision of becoming a world-class green energy company," he said.
In the 2025 RMA assessment, PGE demonstrated solid performance across several key dimensions, including Organization & Risk Governance, Risk Process & Control, and Risk & Compliance Framework. Furthermore, PGE also achieved a satisfactory rating for the Risk Management Implementation Quality Indicator and a Very Good Performance Achievement Indicator, resulting in a composite risk rating of 1, indicating very well-controlled risks and a very low probability of not achieving performance targets. These achievements demonstrate the company's consistency in ensuring healthy and sustainable performance.
"Going forward, PGE will continue to strengthen business governance by building a risk culture that prioritizes transparency, expanding comprehensive risk mapping, utilizing technology to improve monitoring effectiveness, and developing team competencies through ongoing training and certification. In the challenging geothermal industry, preparedness for risk is the foundation of successful operations. Therefore, strengthening an integrated risk management culture will be our priority to ensure all projects and operations run safely, reliably, and in accordance with global best practices," stated Ahmad Yani.
With this achievement, PGE is ready to support the government in accelerating the energy transition, increasing the use of clean energy, and achieving the national decarbonization target.
As a pioneer in geothermal energy development in Indonesia with over 40 years of experience, PGE currently manages an installed capacity of 727 MW across six operating areas (own operations). PGE is also developing several strategic projects, such as the Hululais Geothermal Power Plant Units 1 & 2 (110 MW), as well as several co-generation projects with a total capacity of 230 MW.
