PT Alam Sutera Realty (ASRI) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached Rp 650.9 billion, up 14.7% year-over-year, with gross profit at Rp 295.1 billion, down 14.5% from Q1 2025.

• Net income for Q1 2026 was Rp 18.6 billion, a 42% decrease compared to Q1 2025.

• Total assets as of 31 March 2026 stood at Rp 23.15 trillion, with total equity at Rp 11.67 trillion.

Financial highlights

• Sales, services, and other revenues increased to Rp 650.9 billion from Rp 567.3 billion year-over-year.

• Cost of sales rose to Rp 355.8 billion from Rp 222.4 billion, reducing gross margin to 45.3% from 60.8%.

• Operating expenses totaled Rp 128.2 billion, with selling expenses at Rp 23.4 billion and general/admin at Rp 104.8 billion.

• Interest and financial expenses increased to Rp 135.8 billion from Rp 123.6 billion.

• Basic EPS for Q1 2026 was Rp 0.94, down from Rp 1.63 in Q1 2025.

Outlook and guidance

• Management continues to focus on capital structure optimization and maintaining compliance with lender covenants.

• Ongoing evaluation of refinancing opportunities to optimize cost of debt and support future investments.