HRTA Records Revenue of Rp20.16 Trillion, Surging 196.96%

Jakarta - PT Hartadinata Abadi Tbk (HRTA) recorded a surge in revenue growth of 196.96% year-on-year (yoy) 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 increased significantly by 189.48% (yoy) to Rp433.49 billion in the first quarter of 2026, 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. Sandra added that HRTA will continue to focus on strengthening the integrated gold business ecosystem, optimising production capacity, and enhancing distribution networks 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 are still dominated by the wholesale segment with a contribution of 90.60% to total revenue, including contributions from the financial institution bullion bank segment and several sharia banks, followed by the retail segment at 9.13% and pawn segment 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. In Indonesia, domestic gold prices also strengthened, supported by rupiah depreciation and ongoing safe-haven demand, with gold prices in rupiah increasing by around 11% year-to-date (ytd) to Rp2.6 million per gram. Meanwhile, HRTA received an upgraded credit rating from PEFINDO to idA+ with a stable outlook from the previous idA rating. Sandra added that the upgrade in the company’s credit rating by PEFINDO to idA+ reflects the strengthening of fundamentals and financial discipline in maintaining a healthy capital structure amid ongoing business expansion. PEFINDO assessed that the rating upgrade is supported by HRTA’s ability to record consistent revenue growth, keep debt levels manageable, and is backed by integrated production facilities and strong market demand for gold products. From the capital market perspective, HRTA has officially joined the LQ45 Index of the Indonesia Stock Exchange for the period May-July 2026. “We view this achievement as a form of market confidence in the business fundamentals, stock liquidity, and the company’s long-term prospects as one of the key players in the national gold industry,” Sandra concluded.