Business · Companies · 1 hr ago
Antam’s profit rose 46% in the first nine months of 2026
Indonesian state-owned miner Antam earned Rp9.6 trillion in the first nine months of 2026, 46% more than in the same period a year earlier.
The company said net sales rose 23% to Rp88.48 trillion, with about 95% of sales coming from Indonesia.
Gold remained its biggest business, making up 77% of sales as gold revenue climbed 17% to Rp68.41 trillion.
Nickel products generated 19% of sales, and revenue from the segment rose 52% to Rp16.98 trillion.
Bauxite and alumina sales also increased, while Antam reported higher profit, cash and total assets.
The results matter because they show growth across the Indonesian miner’s main businesses, although gold remains its largest source of sales.
Antam’s chief executive said the company would focus on improving operations, commercial strategy and its business portfolio; no further steps were specified.
PT Aneka Tambang (Antam) reported profit of Rp9.6 trillion for the first nine months of 2026, up 46% from the same period a year earlier.
Net sales rose 23% to Rp88.48 trillion, with domestic sales accounting for about 95% of the total.
Gold contributed 77% of sales, while nickel contributed 19% and bauxite and alumina 3%.
Gross profit rose 42% to Rp15.56 trillion, and operating profit increased 53% to Rp12.05 trillion.
Antam said cash and cash equivalents reached Rp10.54 trillion at the end of the third quarter.
- Who
- PT Aneka Tambang Tbk (Antam), an Indonesian state-owned mining company.
- What
- Its profit for the first nine months of 2026 rose 46% to Rp9.6 trillion.
- When
- The first nine months of 2026; results were reported on October 28, 2026.
- Where
- Indonesia. The report was based on a disclosure to the Indonesia Stock Exchange.
- Why
- The increase was supported by growth across nearly all profitability measures, alongside higher sales.
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- Profit
- Rp9.6 trillion, up 46% year on year
- Net sales
- Rp88.48 trillion, up 23%
- Domestic sales
- Rp83.86 trillion, about 95% of net sales
- Gold sales
- Rp68.41 trillion, up 17%
- Cash and cash equivalents
- Rp10.54 trillion at the end of the third quarter of 2026
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