Amid challenging global economic conditions, Barito Renewables (BREN) recorded strong financial performance in the first quarter of 2024. BREN posted revenues of US$145.4 million, EBITDA of US$123.6 million, and net profit after tax of US$37.1 million. This achievement demonstrated the company's resilience and the effectiveness of its operational strategies in navigating market dynamics.

Additionally, from a balance sheet perspective, as of 31 March 2024, the net debt-to-equity ratio decreased to 2.07x compared to 2.3x at the end of 2023. This reduction reflects BREN's strengthening financial capability, allowing the company to continue supporting sustainable growth strategies in the coming years.