PT Astra International Tbk Reports 2026 First Half Financial Results
30th July 2026
PT ASTRA INTERNATIONAL TBK (the “Company” or “Astra”)
2026 First Half Financial Statements
Highlights
“In the first half of 2026, the Group recorded higher contributions from Automotive and Financial Services businesses. However, the lower contribution from its Mining Solutions & Heavy Equipment business resulted in an overall decline in the Group’s earnings.
In May 2026, we presented our new corporate strategy, which was aimed at delivering stable and sustainable shareholder returns. The strategy centred around the Group’s focus on its three Core Businesses: Automotive, Financial Services and Mining Solutions & Heavy Equipment; establishment of a more disciplined capital allocation framework, including dividends and share buybacks; as well as commitment to transform through leadership alignment.
Astra has announced a new share buyback programme of up to Rp8 trillion over the next 12 months, which was approved at the Extraordinary General Meeting of Shareholders held on 17 July 2026. In addition, United Tractors has also announced a new buyback programme of up to Rp2 trillion over the next three months. Previously, since November 2025, Astra and United Tractors had completed a total of Rp7.4 trillion of share buyback programmes as at end of June 2026. In addition, Astra has implemented management incentives alignment through the MSOP programme.
Amidst the current uncertain global environment, we remain focused on execution of our new corporate strategy. We are confident in Astra’s operational excellence and resilience, as well as balance sheet strength, underpinned by disciplined capital allocation to navigate market challenges. We will continue to support Indonesia’s economic growth, while positioning the Group to deliver improved total shareholder returns as well as achieving sustainable long-term growth.”
Rudy
President Director
Astra group (“the Group”) Results
- Non-recurring items are mainly fair value adjustments in equity investments and impairment
Note: The Group uses profit attributable to owner of the parent for net income
The financial results for the six months ended 30th June 2026 and 2025, as well as the financial position as at 30th June 2026 are unaudited and have been prepared in accordance with Indonesian Financial Accounting Standards.
PRESIDENT DIRECTOR’S STATEMENT
Performance
The Group’s consolidated net revenue in the first half of 2026 was Rp157.9 trillion, 3% lower than last year. Net income, excluding non-recurring items, declined by 7% to Rp14.9 trillion. Despite strong performance in most of the businesses, the Group’s overall performance was impacted by lower contribution from its Mining Solutions & Heavy Equipment business, reflecting minimal contribution from the gold mining division, lower heavy equipment sales, and lower volumes in mining services and coal mining divisions.
The Company recognized Rp2.4 trillion of non-recurring items, mainly fair value adjustments in equity investments and impairment. With these non-recurring items, the Group’s net income was Rp12.5 trillion, 19% lower than last year.
The net asset value per share at 30th June 2026 increased by 1% to Rp5,763.
Net debt at 30th June 2026, excluding the Group’s Financial Services subsidiaries, was Rp6.0 trillion, compared to net cash of Rp7.2 trillion at 31st December 2025, mainly due to the acquisition of Arafura Surya Alam, a gold mining company, share buyback and working capital movement. Net debt of the Group’s Financial Services subsidiaries was Rp67.0 trillion at 30th June 2026, up from Rp64.9 trillion at 31st December 2025.
Strategy Roadmap
In May 2026, Astra unveiled its new Strategy Roadmap. This represents a fundamental mindset shift to deliver sustainable total shareholder returns, built upon a renewed sense of Focus, Clarity, Discipline, and Commitment.
Business Activities
To reflect the new corporate strategy, we have adopted a revised reporting format to focus on three Core Businesses beginning in the first half of 2026, with all contributions outside of these Core Businesses reported under Others.
The Group’s net income by business in the first half of 2026, compared with the same period last year, is set out in the table below:
- Non-recurring items are mainly fair value adjustments in equity investments and impairment
Note:
Automotive
Net income from the Group’s Automotive business increased by 9% to Rp5.9 trillion, compared with the same period last year, largely contributed by healthy unit growth from new car sales and strong contributions from the Component division.
Financial Services
The Group’s Financial Services business continues to demonstrate resilient growth, with net income increased by 6% to Rp4.6 trillion.
Mining Solutions & Heavy Equipment
The Group’s Mining Solutions & Heavy Equipment business reported net income (excluding non-recurring items) of Rp2.7 trillion, down 46% compared to the prior year. The lower results were due to minimal gold sales from Martabe gold mine, as well as the impact of lower national coal production quota (RKAB allocation), which resulted in weaker demand in heavy equipment, mining services, as well as lower coal mining volumes.
During the first half of 2026, Mining Solutions & Heavy Equipment business recognised non-recurring items of Rp2.1 trillion in its geothermal and nickel divisions. Including these items, reported net income decreased by 88% to Rp607 billion.
Others
Total net income from the Others segment, which primarily reflects the Group’s Wider Businesses, excluding non-recurring items, was Rp1.6 trillion. This is 31% higher compared to the same period last year, mainly driven by improved agribusiness performance supported by higher crude palm oil price and sales volume, as well as improved property performance following contributions from newly acquired industrial warehouse platform.
The Others segment recorded non-recurring fair value loss of Rp259 billion in the first half of 2026, compared to Rp484 bil