Gold Prices Rise, HRTA's Net Profit Grows Nearly 190 Percent

REPUBLIKA.CO.ID, JAKARTA — PT Hartadinata Abadi Tbk (HRTA) recorded a 196.96% year-on-year (yoy) surge in revenue growth, from Rp6.78 trillion in the first quarter of 2025 to Rp20.16 trillion in the first quarter of 2026. The company’s net profit also rose significantly by 189.48% (yoy) to Rp433.49 billion in the first quarter of 2026, up from Rp149.75 billion in the same period the previous year.

“The company has started 2026 with very positive performance, supported by growth in sales volume and strengthening global gold prices,” said HRTA’s President Director Sandra Sunanto in her statement in Jakarta on Friday (8/5/2026).

Sandra added that HRTA will continue to focus on strengthening its integrated gold business ecosystem, optimising production capacity, and enhancing its distribution network to maintain sustainable growth.

Furthermore, HRTA’s pure gold sales volume increased by 75.18% (yoy) to 7.83 tonnes, in line with a 71.01% (yoy) rise in the average selling price (ASP) to Rp2,567,213 per gram.

In terms of business segments, sales were still dominated by the wholesale segment, contributing 90.60% to total revenue, including contributions from the bullion bank financial institution segment and several Islamic banks, followed by the retail segment at 9.13% and pawn at 0.26%.

In line with global market conditions, gold price movements throughout April were influenced by several global and domestic factors, including developments in the Middle East conflict, oil price fluctuations, expectations of The Fed’s policies, and Bank Indonesia’s steps to maintain rupiah stability.

During April 2026, gold was traded in the range of 4,717 US dollars per troy ounce after previously reaching levels above 4,800 US dollars per troy ounce at the beginning of the year.