INET Records 3,069% Revenue Surge in First Quarter of 2026

JAKARTA - PT Sinergi Inti Andalan Prima Tbk (INET) recorded strong financial performance growth in the first quarter of 2026. The interim consolidated financial report as of 31 March 2026 shows a surge in revenue and net profit compared to the same period last year.

Net revenue was recorded at Rp 383.60 billion in the first quarter of 2026. This figure rose 3,069% from Rp 12.10 billion in the same period in 2025. The revenue increase was followed by a surge in cost of goods sold to Rp 337.61 billion from Rp 6.93 billion.

Gross profit rose to Rp 45.99 billion. This amount grew 789% from Rp 5.17 billion in the same period last year. Net profit for the year attributable to the owners of the parent entity reached Rp 13.66 billion. This figure jumped 791% from Rp 1.53 billion in the first quarter of 2025.

Net revenue became the main driver of operating profit, which reached Rp 28.62 billion. General and administrative expenses rose to Rp 16.05 billion from Rp 2.74 billion. Operating profit still grew more than 1,300% year-on-year.

The balance sheet shows asset expansion. The cash position surged to Rp 4.49 trillion as of 31 March 2026. This position increased from Rp 404.44 billion at the end of December 2025.

Equity rose to Rp 3.73 trillion as of March 2026. This position increased from Rp 429.21 billion in December 2025. The increase was driven by an increase in placed and fully paid-up capital as well as net additional paid-in capital of Rp 3.37 trillion.