Semen Indonesia (SMGR) Records 88.7% Profit Increase in Q1 2026

JAKARTA - PT Semen Indonesia (Persero) Tbk (SIG) recorded a net profit attributable to owners of the parent company of Rp 80 billion for the first quarter of 2026. This figure grew 88.7% year-on-year compared to the same period last year. The profit for the company listed under the stock code SMGR was supported by total revenue of Rp 8.29 trillion, which increased 8.3% year-on-year from the same period last year. Meanwhile, SMGR’s sales volume was recorded at 8.71 million tonnes in the first quarter of 2026, with the cost of goods sold at Rp 6.62 trillion. The business transformation strategy implemented by SIG has shown a positive performance growth trend since the fourth quarter of 2025 and continued throughout the first quarter of 2026, marked by increases in sales volume, revenue, and profit in the first quarter of 2026. “The business transformation carried out by SIG focuses on three main strategies: improving micro-market management, cost efficiency, and optimisation of derivative cement products and portfolios, which serve as catalysts for the company’s performance growth,” stated Vita in a written statement on Monday (4/5/2026). Throughout the first quarter of 2026, SIG’s sales volume rose 1.7% year-on-year to 8.71 million tonnes from 8.57 million tonnes in the same period the previous year. This achievement was driven by domestic sales that increased 5.4% year-on-year, primarily contributed by the bagged cement segment, which rose significantly by 11% year-on-year. On the cost side, Vita said the cost of goods sold increased 8.6% year-on-year in line with rising sales volume and the impact of higher fuel and energy prices. At the same time, operating expenses, including other operating income and expenses, rose 9% year-on-year. However, net financial expenses were recorded to have decreased by 35.4% year-on-year. “We maintained the performance trend in the first quarter of 2026 through disciplined implementation of business transformation. In addition to improved sales performance, revenue also increased by 8.3%, accompanied by a profit rise of 88.7%,” she added. Vita revealed that SIG, through its subsidiary PT Solusi Bangun Indonesia Tbk, together with Taiheiyo Cement Corporation, has completed the development project for a dock and production facilities for exports in Tuban, East Java, which is now targeted to be operational by mid-2026. “Exports will become an important segment not only to address domestic industry overcapacity but also to increase utilisation and support stable performance growth. The completion of the dock and production facility development project in Tuban marks a milestone for the company to drive more cement exports, which will generate higher margins, not only to the United States but also to other countries,” Vita concluded.