Focusing on Gold Mine Acquisition, Astra's Capital Expenditure Reaches Rp16.9 Trillion
PT Astra International Tbk (Astra) recorded realised capital expenditure (capex) of Rp16.9 trillion throughout the first semester of 202cap 2026. President Director of Astra International, Rudy Chen, stated that the majority of this amount, specifically Rp11.7 trillion, was used to acquire the gold mining company PT Arafura Surya Alam through its subsidiary, PT United Tractors Tbk (UNTR). Meanwhile, Rp5.2 trillion was utilised for the purchase of heavy equipment to support its mining contractor business.
“So, the Rp11.7 trillion capex was primarily for the acquisition of the gold mine Arafura Surya Alam by its United Tractors group, and Rp5.2 trillion was for routine capex, namely the purchase of heavy equipment for the mining contractor business,” Rudy said during the 2026 Public Expose Live in Jakarta on Thursday (10/09/2026).
For the 2026 financial year, Astra has allocated a capex budget of approximately Rp36 trillion. The majority of this budget is allocated to the heavy equipment and mining contractor businesses.
“It can be said that the majority of the capex used for maintenance is allocated to the heavy equipment and mining contractor pillar, while for investments, we are entering strategic sectors by looking at conditions that are possible and relevant to us,” Rudy explained.
He added that the company will utilise the capex budget prudently, considering business needs, growth opportunities, and the creation of long-term value for the group.
“As usual, we conduct this prudently, in accordance with business needs, growth opportunities, and certainly the creation of long-term value for the group,” he added.
As for the financial performance, the Astra Group’s consolidated net revenue in the first semester of 2026 was recorded at Rp157.9 trillion, a 3 per cent decrease compared to the same period last year. Net profit, excluding non-recurring items, was recorded at Rp14.9 trillion, or a 7 per cent year-on-year decline.
Although almost all business units recorded good performance, the overall performance of the Astra Group was impacted by a decline in the contribution from the Mining Solutions and Heavy Equipment business.
This decline reflects the minimal contribution from the gold mining division, a decrease in heavy equipment sales, and a drop in volume within the mining services and coal mining divisions.
The company also recorded non-recurring items of Rp2.4 trillion, primarily arising from fair value adjustments on equity investments and impairments. After accounting for these non-recurring items, Astra Group’s net profit was recorded at Rp12.5 trillion, a 19 per cent decrease compared to the same period last year.