HATM Accelerates: 667% Profit Surge and Fleet Expansion Plans

Jakarta. Shares of PT Habco Trans Maritima Tbk (HATM) opened at Rp530 on Monday, drawing increased investor attention following the company’s stellar financial performance in the second quarter of 2026. The shipping company’s revenue rose to Rp292 billion, marking a 28% quarter-on-quarter increase, which was broadly in line with sector peers such as PT Pancaran Samudera Transport Tbk (PSAT), which grew 32%, PT Pelayaran Nelly Dwi Putri Tbk (NELY) at 31%, and PT IMC Pelita Logistik Tbk (PSSI) at 13%.

However, HATM’s profitability far outpaced its competitors. The company’s net profit skyrocketed by 667% quarter-on-quarter, from approximately Rp6 billion to Rp46 billion. This surge made it the fastest profit growth among its peers, as PSAT only managed a 50% increase, PSSI remained in a loss-making position despite improvements, and NELY had just barely returned to a marginal profit. The performance indicates that HATM not only boosted its top line but also successfully optimised its operational cost structure, converting revenue growth into profit far more efficiently than its rivals.

To support further growth, HATM previously announced a private placement plan to issue 800 million shares, equivalent to 9.22% of its issued and paid-up capital. The proceeds are earmarked for capital expenditure, including fleet expansion, bank loan repayments, and working capital. The company has also broadened its customer base, securing major clients such as BIB, a subsidiary of the Sinar Mas Group’s GEMS, and Beruang Maritim Indonesia, a subsidiary of WBSA, as well as Xiangyu Shipping and Tsingshan Group. Financially, HATM maintains a healthy debt-to-equity ratio of 0.16 times, lower than NELY’s 0.28 and PSAT’s 0.29, and comparable to PSSI’s 0.14, providing ample flexibility for continued expansion amid rising demand for sea transport services.