Antam records 46% rise in profit through September 2026
Jakarta (ANTARA) — PT Aneka Tambang Tbk (Antam) recorded a net profit of Rp9.66 trillion for January–September 2026, up 46% from Rp6.61 trillion in the same period a year earlier.
Antam President Director Untung Budiharto said the results demonstrated the company’s ability to sustain growth momentum amid changing conditions in the mining industry.
“We continue to strengthen our business fundamentals by optimising operations, reinforcing our commercial strategy and developing our business portfolio to create sustainable added value for the company and all stakeholders,” Untung said in an official statement in Jakarta on Wednesday.
The state-owned company’s EBITDA rose 45% to Rp13.48 trillion through September 2026, from Rp9.33 trillion in the same period last year.
Gross profit increased 42% to Rp15.56 trillion from Rp10.98 trillion, while operating profit rose 53% to Rp12.05 trillion from Rp7.89 trillion in January–September 2025.
Antam recorded net sales of Rp88.48 trillion through September 2026, a 23% increase from Rp72.03 trillion in the same period a year earlier.
Domestic sales contributed Rp83.86 trillion, equivalent to 95% of the company’s total net sales. This was 21% higher than in January–September 2025, reflecting strong domestic market demand for gold, nickel ore and bauxite ore.
Antam Finance and Risk Management Director Arini Kasmira said the company’s performance through September 2026 reflected improved profitability, as shown by better margins, and a stronger cash position that would support financial flexibility.
“These results were supported by effective working-capital management, disciplined cost controls and measured risk management, enabling Antam to maintain solid financial fundamentals sustainably,” Arini said.
Gold was the company’s largest sales contributor, accounting for 77% of total sales. Gold sales reached Rp68.41 trillion, up 17% from Rp58.67 trillion in the same period a year earlier.
Gold sales volume reached 25,217 kilograms, or 810,745 troy ounces, through September 2026. Production from the company’s mines stood at 634 kilograms, or 20,384 troy ounces.
The nickel segment, which includes ferronickel and nickel ore, accounted for 19% of total sales. Revenue from the segment rose 52% to Rp16.98 trillion from Rp11.15 trillion in January–September 2025.
Nickel ore production reached 12.16 million wet metric tonnes (wmt), while sales totalled 10.73 million wmt.
Ferronickel production reached 11,638 tonnes of nickel in ferronickel (TNi). Ferronickel sales rose 71% to 13,971 TNi from 8,182 TNi in the same period a year earlier.
In the bauxite and alumina segment, the company recorded sales of Rp2.64 trillion, up 35% from Rp1.95 trillion in January–September 2025.
Bauxite production reached 2 million wmt, while sales increased 49% to 1.64 million wmt from 1.10 million wmt in the same period a year earlier.
Production of alumina, or chemical-grade alumina (CGA), rose 14% to 153,399 tonnes from 134,224 tonnes in January–September 2025. Alumina sales also grew 9% to 146,642 tonnes from 134,768 tonnes.