Profit Taking: RMKO Controller Sells 36 Million Shares at Rp590 Price

Jakarta – The controller of PT Royaltama Mulia Kontraktorindo Tbk (RMKO), RMK Investama, has sold 36 million shares (2.90%) of RMKO at Rp590 per share, bringing the total transaction value to Rp21 billion.

According to disclosure information released to the Indonesia Stock Exchange (IDX) on Wednesday, 11 March 2026, the transaction aims to realise profits from the stock price appreciation and to increase public shareholding. The transaction was executed on 9 March 2026. Following this transaction, the controller’s ownership stake in RMKO decreased to 67%.

RMKO shares have experienced significant price volatility, surging 34.7% to Rp260 per share in a single day recently. Over a six-month period, RMKO shares have climbed 182.61%.

Chief Executive Officer Vincent Saputra stated that management is investigating the factors driving the share price increase, though he noted that the company has no corporate action plans in the immediate term.

For 2026, RMKO has budgeted capital expenditure of between Rp26.6 billion and Rp30 billion for infrastructure needs. “Many mines that previously could not operate depend on roads that we have constructed,” Saputra said, highlighting the importance of the company’s infrastructure development to mining operations in the region.

The company expects this infrastructure activity to generate more stable revenue streams, whilst also focusing on expanding ancillary services beyond its core operations.

For the current year, RMKO is targeting operational revenues of approximately Rp600 billion with profits of around Rp100 billion. As infrastructure projects are completed, several previously constrained mines are expected to contribute to the company’s revenue growth.