Antam (ANTM) Posts Fantastic Performance, Here's the Reason

Jakarta, CNBC Indonesia - PT ANTAM (Persero) Tbk (ANTM) or ANTAM has once again recorded an improvement in financial performance in the first quarter of 2026. This achievement was attained amid ongoing global challenges, including fluctuations in commodity prices, rising geopolitical tensions in the Middle East region, and a slowdown in global economic growth.

ANTAM’s financial performance was driven by increasingly strong operational fundamentals, reflected in the optimal performance of the nickel segment, strengthened gold sourcing to ensure supply continuity, and the start of operations at the smelter-grade alumina (SGA) plant, which bolsters growth in the bauxite and alumina segment.

In the first quarter of 2026, ANTAM recorded a 58% year-on-year (yoy) increase in profit to Rp3.66 trillion. In line with this improvement, ANTAM also booked a 55% growth in EBITDA to Rp5.05 trillion, compared to Rp3.26 trillion in the first quarter of 2025.

“The positive financial performance achievement was also supported by the Company’s consistency in implementing adaptive and innovative marketing strategies, as well as effective and disciplined cost controls across all operational lines,” said ANTAM President Director Untung Budiharto, quoted on Wednesday (29/4/2026).

ANTAM’s performance was also supported by a 15% increase in other income to Rp279.60 billion. This performance improvement also drove an increase in basic earnings per share to Rp141.77 per basic share, or a 60% rise compared to Rp88.69 per basic share in the same period last year.

In the balance sheet position, ANTAM recorded total assets of Rp63.30 trillion, a 31% (yoy) increase from Rp48.30 trillion. Asset growth reflects business expansion and strengthened operational capacity to support sustainable performance. Equity value also rose 17% to Rp40.41 trillion, from Rp34.62 trillion. Meanwhile, cash and cash equivalents stood at Rp9.04 trillion, up 31% from Rp6.92 trillion, reflecting the Company’s financial flexibility in supporting operational needs and business development.