NYSEAMERICAN : INDO
Indonesia Energy Corporation Limited — Financial statements
Energy · Oil & Gas Exploration & Production · Indonesia
Last price 2.79 USD (Oct 30, 2026, 8:27 AM EDT) · Market cap 42.93M
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Financial statements
Indonesia Energy Corporation Limited (INDO) reported revenue of 2.72M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.72M | 2.01M | 2.67M | 3.53M | 4.10M | 2.45M |
| Cost of Revenue | 2.49M | 2.58M | 2.76M | 2.95M | 2.95M | 2.49M |
| Gross Profit | 236.97K | -564.94K | -97.45K | 574.59K | 1.14M | -39.94K |
| Selling, General & Admin | 3.43M | 3.45M | 5.17M | 3.37M | 4.60M | 5.25M |
| Operating Expenses | 4.08M | 4.01M | 5.84M | 4.07M | 5.74M | 6.06M |
| Operating Income | -3.84M | -4.58M | -5.93M | -3.50M | -4.60M | -6.10M |
| Currency Exchange Gain (Loss) | -283.79K | 78.47K | -116.11K | 136.79K | -130.68K | 28.49K |
| Other Non Operating Income (Expenses) | -30.42K | -599.92K | -294.69K | 716.19K | 1.61M | -10.46K |
| Pretax Income | -4.16M | -5.10M | -6.34M | -2.64M | -3.12M | -6.08M |
| Earnings From Continuing Operations | -4.16M | -5.10M | -6.34M | -2.64M | -3.12M | -6.08M |
| Net Income | -4.16M | -5.10M | -6.34M | -2.64M | -3.12M | -6.08M |
| Net Income to Common | -4.16M | -5.10M | -6.34M | -2.64M | -3.12M | -6.08M |
| Shares Outstanding (Basic) | 14.72M | 14.66M | 11.50M | 10.14M | 8.89M | 7.42M |
| Shares Outstanding (Diluted) | 14.72M | 14.66M | 11.50M | 10.14M | 8.89M | 7.42M |
| EPS (Basic) | -0.28 | -0.35 | -0.55 | -0.26 | -0.35 | -0.82 |
| EPS (Diluted) | -0.28 | -0.35 | -0.55 | -0.26 | -0.35 | -0.82 |
| Free Cash Flow | -5.26M | -5.68M | -5.91M | -3.40M | -8.62M | -6.31M |
| Free Cash Flow Per Share | -0.36 | -0.39 | -0.51 | -0.34 | -0.97 | -0.85 |
| Gross Margin | 8.70% | -28.07% | -3.65% | 16.30% | 27.92% | -1.63% |
| Operating Margin | -141.18% | -227.49% | -222.41% | -99.16% | -112.22% | -248.78% |
| Profit Margin | -152.72% | -253.40% | -237.81% | -74.96% | -76.21% | -248.04% |
| Free Cash Flow Margin | -193.08% | -282.17% | -221.49% | -96.39% | -210.49% | -257.22% |
| EBITDA | -3.20M | -4.02M | -5.27M | -2.79M | -3.46M | -5.29M |
| EBITDA Margin | -117.45% | -199.67% | -197.47% | -79.24% | -84.41% | -215.72% |
| D&A For EBITDA | 645.99K | 559.92K | 665.19K | 702.22K | 1.14M | 810.86K |
| EBIT | -3.84M | -4.58M | -5.93M | -3.50M | -4.60M | -6.10M |
| EBIT Margin | -141.18% | -227.49% | -222.41% | -99.16% | -112.22% | -248.78% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.57M | 5.46M | 4.57M | 2.01M | 5.90M | 595.01K |
| Cash & Short-Term Investments | 5.57M | 5.46M | 4.57M | 2.01M | 5.90M | 595.01K |
| Accounts Receivable | 988.64K | 343.04K | 344.34K | 582.34K | 468.15K | 997.74K |
| Other Receivables | 295.65K | 539.71K | 898.11K | 1.75M | 186.84K | 8.93K |
| Receivables | 1.28M | 882.75K | 1.24M | 2.33M | 654.99K | 1.01M |
| Inventory | 1.04M | 1.08M | 190.58K | 148.38K | 121.74K | 136.62K |
| Prepaid Expenses | 184.47K | 70.80K | 48.53K | 21.98K | 18.75K | 238.52K |
| Restricted Cash | 1.57M | 1.00M | ||||
| Other Current Assets | 1.18M | 555.93K | ||||
| Total Current Assets | 8.07M | 7.50M | 6.06M | 6.08M | 7.87M | 3.53M |
| Property, Plant & Equipment | 10.44M | 11.14M | 11.48M | 9.47M | 9.17M | 5.05M |
| Long-Term Deferred Charges | 810.39K | 839.19K | 862.95K | 938.39K | 1.01M | 1.09M |
| Other Long-Term Assets | 3.36M | 3.28M | 3.52M | 1.23M | 2.52M | 2.42M |
| Total Assets | 22.68M | 22.76M | 21.91M | 17.72M | 20.57M | 12.09M |
| Accounts Payable | 584.39K | 596.22K | 899.64K | 753.82K | 719.10K | 1.60M |
| Accrued Expenses | 164.26K | 230.01K | 354.28K | 152.08K | 23.95K | 143.80K |
| Short-Term Debt | 52.14K | 980.45K | ||||
| Current Portion of Leases | 397.96K | 554.90K | 556.76K | 629.33K | 255.84K | |
| Current Income Taxes Payable | 145.38K | 60.99K | 77.69K | 60.70K | 147.80K | 84.68K |
| Other Current Liabilities | 177.72K | 18.25K | 17.94K | 17.94K | 17.94K | 20.59K |
| Total Current Liabilities | 1.47M | 1.46M | 1.91M | 1.61M | 1.22M | 2.83M |
| Long-Term Debt | 1.00M | |||||
| Long-Term Leases | 111.24K | 279.08K | 324.88K | 467.84K | 95.60K | |
| Pension & Post-Retirement Benefits | 290.28K | 268.91K | 136.94K | 118.25K | 99.59K | 115.39K |
| Other Long-Term Liabilities | 686.43K | 1.09M | 1.36M | 834.86K | 1.84M | 321.25K |
| Total Liabilities | 2.56M | 3.10M | 3.72M | 3.03M | 3.25M | 4.27M |
| Common Stock | 41.03K | 39.97K | 36.27K | 27.05K | 27.05K | 19.86K |
| Additional Paid-In Capital | 72.88M | 70.54M | 63.98M | 54.15M | 54.15M | 41.59M |
| Retained Earnings | -52.91M | -51.03M | -45.93M | -39.58M | -36.94M | -33.82M |
| Comprehensive Income & Other | 108.10K | 106.47K | 103.20K | 98.49K | 89.95K | 30.70K |
| Total Common Equity | 20.12M | 19.66M | 18.19M | 14.69M | 17.32M | 7.82M |
| Shareholders' Equity | 20.12M | 19.66M | 18.19M | 14.69M | 17.32M | 7.82M |
| Total Liabilities & Equity | 22.68M | 22.76M | 21.91M | 17.72M | 20.57M | 12.09M |
| Total Debt | 509.20K | 833.99K | 881.64K | 1.10M | 403.59K | 1.98M |
| Net Cash (Debt) | 5.06M | 4.63M | 3.69M | 912.52K | 5.49M | -1.39M |
| Net Cash Per Share | 0.34 | 0.32 | 0.32 | 0.09 | 0.62 | -0.19 |
| Filing Date Shares Outstanding | 15.39M | 15.39M | 13.91M | 10.20M | 10.14M | 7.46M |
| Total Common Shares Outstanding | 15.39M | 14.99M | 13.60M | 10.14M | 10.14M | 7.45M |
| Working Capital | 6.60M | 6.04M | 4.15M | 4.47M | 6.65M | 699.04K |
| Book Value Per Share | 1.31 | 1.31 | 1.34 | 1.45 | 1.71 | 1.05 |
| Tangible Book Value | 20.12M | 19.66M | 18.19M | 14.69M | 17.32M | 7.82M |
| Tangible Book Value Per Share | 1.31 | 1.31 | 1.34 | 1.45 | 1.71 | 1.05 |
| Buildings | 4.31K | 4.31K | 4.31K | 4.31K | 4.31K | |
| Machinery | 1.56M | 1.51M | 1.51M | 1.51M | 1.51M | |
| Leasehold Improvements | 323.68K | 323.68K | 323.68K | 323.68K | 321.99K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -4.16M | -5.10M | -6.34M | -2.64M | -3.12M | -6.08M |
| Depreciation & Amortization | 1.28M | 1.20M | 1.46M | 1.17M | 1.49M | 810.86K |
| Other Amortization | 23.76K | 23.76K | 75.44K | 75.31K | 75.31K | 78.99K |
| Stock-Based Compensation | 1.46M | 737.27K | 1.51M | |||
| Other Operating Activities | 203.31K | 808.99K | 178.18K | -872.76K | -1.59M | 77.40K |
| Change in Accounts Receivable | 1.30K | 1.30K | 238.00K | -114.18K | 529.59K | 134.21K |
| Change in Accounts Payable | -303.42K | -303.42K | 145.81K | 102.92K | -255.15K | |
| Change in Income Taxes | -16.70K | -16.70K | 16.99K | -87.10K | 63.12K | -17.09K |
| Change in Other Net Operating Assets | -2.05M | -2.05M | -316.38K | -615.42K | -1.14M | -64.00K |
| Operating Cash Flow | -5.01M | -5.43M | -3.09M | -2.98M | -3.21M | -3.55M |
| Capital Expenditures | -244.02K | -244.02K | -2.82M | -419.46K | -5.42M | -2.76M |
| Other Investing Activities | 488.00 | |||||
| Investing Cash Flow | -243.53K | -244.02K | -2.82M | -419.46K | -5.42M | -2.76M |
| Short-Term Debt Issued | 8.59M | |||||
| Total Debt Issued | 8.59M | |||||
| Short-Term Debt Repaid | -980.45K | |||||
| Long-Term Debt Repaid | -1.00M | |||||
| Total Debt Repaid | -1.98M | |||||
| Net Debt Issued (Repaid) | 6.61M | |||||
| Issuance of Common Stock | 6.56M | 6.56M | 8.41M | 6.32M | ||
| Other Financing Activities | -4.31M | |||||
| Financing Cash Flow | 2.25M | 6.56M | 8.41M | 12.93M | ||
| Net Cash Flow | -3.00M | 885.31K | 2.50M | -3.40M | 4.30M | -6.31M |
| Free Cash Flow | -5.26M | -5.68M | -5.91M | -3.40M | -8.62M | -6.31M |
| Free Cash Flow Margin | -193.08% | -282.17% | -221.49% | -96.39% | -210.49% | -257.22% |
| Free Cash Flow Per Share | -0.36 | -0.39 | -0.51 | -0.34 | -0.97 | -0.85 |
| Levered Free Cash Flow | -2.45M | -2.88M | -581.37K | -3.38M | -5.96M | -1.76M |
| Unlevered Free Cash Flow | -2.45M | -2.88M | -581.37K | -3.38M | -5.96M | -1.76M |
| Cash Interest Paid | 23.84K | 15.67K | ||||
| Change in Working Capital | -2.37M | -2.37M | 84.41K | -713.78K | -801.77K | 53.12K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 41.39M | 43.91M | 28.77M | 27.49M | 47.26M | 20.85M |
| Enterprise Value | 36.33M | 36.05M | 29.29M | 23.53M | 43.80M | 18.46M |
| Last Close Price | 2.69 | 2.93 | 2.78 | 2.71 | 4.66 | 2.80 |
| Forward PE | 15.10 | 15.10 | 15.10 | 4.99 | ||
| PS Ratio | 15.20 | 21.82 | 10.79 | 7.80 | 11.54 | 8.50 |
| PB Ratio | 2.06 | 2.23 | 1.58 | 1.87 | 2.73 | 2.67 |
| P/TBV Ratio | 2.06 | 2.23 | 1.58 | 1.87 | 2.73 | 2.67 |
| EV/Sales Ratio | 13.34 | 17.91 | 10.98 | 6.67 | 10.69 | 7.53 |
| Debt / Equity Ratio | 0.03 | 0.04 | 0.05 | 0.07 | 0.02 | 0.25 |
| Net Debt / Equity Ratio | -0.25 | -0.23 | -0.20 | -0.06 | -0.32 | 0.18 |
| Net Debt / EBITDA Ratio | 1.58 | 1.15 | 0.70 | 0.33 | 1.59 | -0.26 |
| Net Debt / FCF Ratio | 0.96 | 0.81 | 0.62 | 0.27 | 0.64 | -0.22 |
| Asset Turnover | 0.11 | 0.09 | 0.14 | 0.18 | 0.25 | 0.18 |
| Inventory Turnover | 3.65 | 4.05 | 16.31 | 21.85 | 22.86 | 11.51 |
| Quick Ratio | 4.66 | 4.34 | 3.05 | 2.69 | 5.38 | 0.56 |
| Current Ratio | 5.49 | 5.13 | 3.18 | 3.77 | 6.47 | 1.25 |
| Return on Equity (ROE) | -19.77% | -26.95% | -38.59% | -16.51% | -24.84% | -60.30% |
| Return on Assets (ROA) | -10.03% | -12.81% | -18.71% | -11.41% | -17.60% | -27.57% |
| Return on Capital Employed (ROCE) | -18.10% | -21.50% | -29.70% | -21.70% | -23.80% | -65.90% |
| Earnings Yield | -10.50% | -11.61% | -22.05% | -9.61% | -6.61% | -29.17% |
| FCF Yield | -12.70% | -12.93% | -20.54% | -12.36% | -18.25% | -30.25% |
| Buyback Yield / Dilution | -5.76% | -27.53% | -13.36% | -14.11% | -19.78% | -0.34% |