Jakarta, February 13, 2026 — PT Nusatama Berkah Tbk (NTBK) is accelerating its transformation toward a Fleet-as-a-Service business model, focusing on industrial fleet leasing and the development of industrial electric vehicles (EVs). The strategy aligns with Indonesia’s downstreaming momentum and rising decarbonization requirements, while aiming to generate more stable recurring revenue. Supported by a relatively healthy balance sheet and plans to develop an EV facility in Bantargebang, NTBK’s move is seen as a potential growth catalyst. The full analyst report is available for reference:
NTBK: Electrifying the Downstream
