Antam profit rises 46% to Rp9.6 trillion in first nine months
Domestic sales accounted for about 95% of revenue, while gold remained the state-owned miner’s largest sales contributor.
Indonesia’s state-owned miner PT Aneka Tambang Tbk reported profit of Rp9.6 trillion for the first nine months of 2026, up 46% from Rp6.61 trillion a year earlier. Its disclosure to the Indonesia Stock Exchange showed net sales increased 23% to Rp88.48 trillion from Rp72.03 trillion.
Domestic sales rose 21% year on year to Rp83.86 trillion, representing about 95% of net sales. Gross profit reached Rp15.56 trillion, a 42% increase from Rp10.98 trillion, while operating profit climbed 53% to Rp12.05 trillion from Rp7.89 trillion.
Gold generated 77% of total sales. Revenue from the commodity increased 17% to Rp68.41 trillion from Rp58.67 trillion, with sales volume reaching 25,217 kg (810,745 troy oz). The company’s own mines produced 634 kg (20,384 troy oz) of gold.
Nickel ore and ferronickel together accounted for 19% of sales, with segment revenue rising 52% to Rp16.98 trillion from Rp11.15 trillion. Nickel ore output reached 12.16 million wet metric tonnes (wmt), while sales totalled 10.73 million wmt. Bauxite and alumina contributed 3% of sales, generating Rp2.64 trillion, up 35% from Rp1.95 trillion.
President director Untung Budiharto said on 28 October 2026 that Antam was strengthening its business fundamentals through operational optimisation, its commercial strategy and development of its business portfolio.
Total assets reached Rp59.74 trillion, up 24% from Rp48.07 trillion in the third quarter of 2025. Equity increased 17% to Rp41.22 trillion from Rp35.20 trillion. Cash and cash equivalents rose 14% to Rp10.54 trillion from Rp9.26 trillion, while net operating cash flow grew 26% to Rp5.06 trillion from Rp4.02 trillion.
