Bank Mandiri's Profit Journey Over a Decade: When Was It Most Profitable?

PT Bank Mandiri (Persero) Tbk. (BMRI) recorded consolidated net profit attributable to the parent entity, or PATMI, of Rp30.41 trillion throughout the first half of 2026.

The figure grew 24.36% compared with cumulative profit in the first half of 2025 of Rp24.46 trillion. This differs from Q2-2026 profit of Rp15.03 trillion because it covers accumulated performance from January to June 2026.

The profit figures in the table are cumulative year-to-date. Q1 covers January-March, Q2 January-June, Q3 January-September, while Q4 covers the full year. Because the calculation resets to zero at the start of each year, a nominal decline from Q4 to Q1 does not mean Mandiri’s profit contracted.

First-half 2026 profit growth was supported by non-interest income, which rose 14.9% to Rp22.78 trillion. Net interest income also increased 8.05% to Rp47.84 trillion.

At the same time, operating expenses fell 1.42% to Rp26.93 trillion. This drove pre-provision operating profit, or PPOP, up 19.9% to Rp44.18 trillion.

Provisioning expenses also declined 12.5% to Rp5.12 trillion. The combination of revenue growth, cost efficiency and lower provisions ultimately lifted Mandiri’s net profit by 24.36%.

The 2026 consolidated accounts no longer include BSI as a subsidiary. To ensure a fair comparison, the first-half 2025 figures in the new presentation have been restated on a pro-forma basis without BSI consolidation.