Bayan Resources attributable profit rises 12.93% through third quarter
Lower cost of revenue helped lift earnings despite a 0.23% decline in revenue to US$2.43 billion.
Indonesia’s PT Bayan Resources Tbk reported profit attributable to owners of the parent of US$589.6 million through the third quarter of 2026, up 12.93% from US$522.15 million a year earlier. Its financial statements filed with the Indonesia Stock Exchange showed revenue fell 0.23% to US$2.43 billion.
A reduction in cost of revenue supported the earnings increase. That cost fell 5.78% to US$1.57 billion from US$1.66 billion, while gross profit rose 11.73% to US$864.02 million from US$773.35 million. The gross profit margin widened to about 35.49% from about 31.70%.
Selling expenses increased 24.85% to US$31.19 million. General and administrative expenses, however, declined 4.60% to US$59.97 million, and finance costs dropped 41.89% to US$4.37 million.
Finance income grew 7.04% to US$21.9 million from US$20.5 million. Net other expenses moved in the opposite direction, climbing 177.25% to US$24.7 million from US$8.92 million.
Profit before tax reached US$765.6 million, an increase of 11.04%, while income tax expenses rose 6.92% to US$166.6 million. Total profit for the period, distinct from profit attributable to owners of the parent, increased 12.24% to US$599.06 million from US$533.7 million in the corresponding period of 2025.
