Antam's Profit Reaches Rp 3.66 Trillion, Supported by Gold Sales
JAKARTA – PT Aneka Tambang Tbk (ANTM), or ANTAM, a mining company and member of the state-owned holding MIND ID, recorded positive performance in early 2026 with significant net profit growth supported by the dominance of gold sales amid global challenges.
In the first quarter of 2026 (January–March), ANTAM booked a net profit for the period of Rp 3.66 trillion, up 58% from Rp 2.32 trillion in the same period the previous year. This performance was achieved amid commodity price fluctuations, geopolitical tensions in the Middle East, and global economic slowdown.
ANTAM’s President Director Untung Budiharto stated that this achievement was inseparable from the consistency of operational and financial strategies.
“The implementation of robust operational strategies as well as disciplined and prudent financial management has driven sustainable performance strengthening,” said Untung Budiharto in an official statement in Jakarta on Monday (28/4/2026).
“Thus providing positive returns and added value for shareholders,” he added.
From an operational perspective, the gold segment was the largest contributor with about 81% of total sales. Gold sales reached Rp 23.89 trillion, up 11% from Rp 21.61 trillion in the same period last year.
Gold sales volume reached 8,464 kilograms or equivalent to 272,124 troy ounces, in line with the strengthening of domestic marketing strategies.
To maintain supply, ANTAM signed a Gold Sales & Purchase Agreement (GSPA) with the Merdeka Group on 4 March 2026 to ensure the continuity of gold raw materials.
The nickel segment contributed Rp 4.47 trillion or 15% of total sales, up 19% from Rp 3.77 trillion. Nickel ore production reached 3.88 million wet metric tons (wmt) with sales of 3.40 million wmt, all absorbed by the domestic market.
Meanwhile, ferronickel production reached 3,976 tons of nickel in ferronickel (TNi) with sales of 2,803 TNi, all exported.
From the bauxite and alumina segment, the contribution reached Rp 879.14 billion or 3% of total sales, up 24% from Rp 708.75 billion. Bauxite production reached 628,785 wmt with sales of 593,476 wmt.
This operational strengthening drove gross profit to Rp 5.62 trillion, up 54% from Rp 3.64 trillion. Operating profit reached Rp 4.50 trillion, up 67% from Rp 2.69 trillion.
In addition, other income increased 15% to Rp 279.60 billion from Rp 243.64 billion. Basic earnings per share rose to Rp 141.77 from Rp 88.69.
From the balance sheet perspective, ANTAM’s total assets stood at Rp 63.30 trillion in the first quarter of 2026, up 31% from Rp 48.30 trillion. Equity rose 17% to Rp 40.41 trillion from Rp 34.62 trillion.
Cash and cash equivalents position reached Rp 9.04 trillion, up 31% from Rp 6.92 trillion, reflecting the company’s financial flexibility.