Indonesian mining companies financial performance

Major Indonesian mining companies reported significant financial growth during 2026. PT Bukit Asam Tbk (PTBA) reported a 218% year-on-year increase in net profit for the first half of the year, reaching Rp2.65 trillion. Following this performance, the company began evaluating strategic actions, including a potential share buyback, to maintain company value.

PT ANTAM (Persero) Tbk also reported strong results for the first nine months of 2026, recording a net profit of Rp9.66 trillion. This represents a 46% increase compared to the Rp6.61 trillion earned during the same period in 2025. The company attributed these gains to operational optimization and strengthened commercial strategies. Gold sales served as the primary revenue driver for ANTAM, accounting for 77% of total sales, which reached Rp68.41 trillion.

Detailed reporting for the first nine months of 2026 indicates that ANTAM’s net sales rose by 23% to Rp88.48 trillion, while EBITDA grew by 45% to Rp13.48 trillion, supported by steady market demand. As of late October 2026, ANTAM reported a 24% year-on-year increase in total assets to Rp59.74 trillion and a 17% rise in equity to Rp41.22 trillion. During this period, Antam gold prices trended upward; on October 28, the price for a 1-gram bar rose by Rp20,000 to Rp2,570,000, with the buyback price increasing to Rp2,365,000 per gram.