Astra International's Net Profit Falls 16 Percent

PT Astra International Tbk (ASII) recorded a net profit of Rp 5.85 trillion in the first quarter of 2026, representing a 16 percent year-on-year (yoy) decline compared to Rp 6.93 trillion in the same period of 2025.

“In the first quarter of 2026, the group’s profit declined mainly due to lower contributions from the heavy equipment, mining, construction, and energy division. However, other businesses recorded better performance, which was able to offset part of the decline,” said ASII President Director Rudy in a written statement received in Jakarta on Thursday, 30 April 2026, as quoted by Antara.

The company’s net profit was supported by net revenue of Rp 78.67 trillion in the first quarter of 2026, a 6 percent (yoy) decrease compared to Rp 83.36 trillion in the same period of 2025.

Details of revenue included a 7.1 percent (yoy) decline in goods sales to Rp 53.74 trillion, a 6.19 percent (yoy) drop in services and rentals to Rp 16.43 trillion. Meanwhile, the financial services line grew 6.80 percent (yoy) to Rp 8.49 trillion.

In line with the revenue decline, the cost of revenue also fell 4.72 percent (yoy) to Rp 63.17 trillion in the first quarter of 2026, compared to Rp 66.30 trillion in the previous year’s corresponding period.

On that occasion, Rudy projected that market conditions would remain challenging amid geopolitical tensions, particularly related to developments in the conflict between the United States (US) and Iran.

“We will continue to manage short-term challenges carefully and disciplined, while remaining focused on creating value for stakeholders,” said Rudy.

From the balance sheet perspective, Astra International’s total assets stood at Rp 517.80 trillion as of the first quarter of 2026, a 2.06 percent (yoy) increase compared to the same period in the previous year. The company’s total assets consisted of equity of Rp 239.12 trillion and liabilities of Rp 224.68 trillion.