Astra International posts Rp12.53 trillion profit in first half of 2026

Jakarta - PT Astra International Tbk (ASII) posted a net profit of Rp12.53 trillion in the first half of 2026, a 19.22 percent year-on-year (yoy) decline compared to Rp15.51 trillion in the same period the previous year. The company recorded consolidated net revenue of Rp157.9 trillion in the first half of 2026, a 3 percent decrease yoy compared to the same period last year. Astra International President Director Rudy explained in an official statement in Jakarta on Thursday that the Group’s overall performance was impacted by lower contributions from the mining solutions and heavy equipment business. This result reflected minimal contribution from the gold mining division, a decline in heavy equipment sales, and reduced volumes in the mining services and coal mining divisions. “In the first half of 2026, the Group recorded increased contributions from the automotive and financial services businesses. However, the decline in contributions from the mining solutions and heavy equipment business resulted in an overall decrease in the Group’s net profit,” Rudy said. In May 2026, Rudy said the company had announced a new corporate strategy aimed at delivering stable and sustainable shareholder returns. The strategy includes a focus on three core businesses—automotive, financial services, and mining solutions and heavy equipment—a more disciplined capital allocation framework, including dividends and share buybacks, and a commitment to transformation through leadership alignment. Astra International has announced a share buyback programme of up to Rp8 trillion for the next twelve months, which received approval at the Extraordinary General Meeting of Shareholders on 17 July 2026. Additionally, its subsidiary PT United Tractors Tbk also announced a share buyback of up to Rp2 trillion for the next three months. Since November 2025, ASII and UNTR have completed a share buyback programme worth Rp7.4 trillion as of the end of June 2026. The company has also implemented a management incentive alignment through a Management Stock Ownership Plan. Rudy expressed confidence in the company’s operational excellence, resilience, and balance sheet strength, supported by disciplined capital allocation in facing various business challenges. “We will always support Indonesia’s economic growth, while positioning the Group to deliver increased total shareholder returns and achieve sustainable long-term growth,” Rudy stated.