Operating Profit Soars 823%, VKTR Sales Rise 58%
JAKARTA, investor.id – Indonesia’s pioneer commercial electric vehicle (EV) issuer, PT VKTR Teknologi Mobilitas Tbk (VKTR), has reported solid financial performance growth in Q1 2026. The company achieved a 58% year-on-year (YoY) increase in net sales.
The primary driver of this surge is the significant growth in the commercial EV segment, driven by rising market demand for low-emission transport fleets.
Meanwhile, VKTR’s commercial spare parts manufacturing business also recorded positive growth amid the recovery of the national automotive industry.
Operational Efficiency Key to Growth
In addition to sales growth, VKTR saw a massive 823% YoY rise in operating profit, supported by operational efficiencies that kept business costs stable despite global geopolitical tensions affecting energy prices.
Q1 2026 Financial Highlights
Net Sales Growth: 58% YoY
Operating Profit Growth: 823% YoY
Net Profit Growth: 98% YoY
Balance Sheet Health: Assets up 2% year-to-date (YTD), liabilities up 5% YTD, equity up 1% YTD.
“Our focus is not only on short-term growth but also on building a strong business foundation through strengthening the TKDN ecosystem, production capacity readiness, product portfolio expansion, and comprehensive after-sales service,” said PT VKTR Teknologi Mobilitas Tbk President Director A. Ardiansyah Bakrie in a statement received in Jakarta on Wednesday (27/5/2026).
VKTR is part of the Bakrie Group, focusing on developing Indonesia’s commercial EV industry, including electric buses and trucks. Amid global decarbonisation trends, the commercial transport sector is a key target for Indonesia’s green transformation.
VKTR’s early 2026 financial success demonstrates that the company’s initial investments in domestic assembly infrastructure and supply chains are yielding significant economic value. Going forward, this financial stability is projected to be the main capital for VKTR to fund more aggressive business expansion in domestic and regional markets.