PT Astra International (ASII) Q2 2026 earnings summary

Executive summary

• Net income excluding non-recurring items declined 7% year-over-year to Rp14.9 trillion, while reported net income fell 19% to Rp12.5 trillion due to significant non-recurring losses, mainly in Mining Solutions & Heavy Equipment.

• Net revenue for the six months ended 30 June 2026 was Rp157.9 trillion, down 3% year-over-year, with gross profit at Rp32.5 trillion, a 7% decrease from the prior year.

• Total assets reached Rp514.5 trillion as of 30 June 2026, with total equity at Rp289.8 trillion and a consolidated gearing ratio of 25%.

• Strategic focus sharpened on three core businesses: Automotive, Financial Services, and Mining Solutions & Heavy Equipment, which together contributed 90% of group profit.

• Basic and diluted EPS was Rp313, compared to Rp383 in the prior year.

Financial highlights

• Earnings per share excluding non-recurring items decreased by 6% to Rp372; including non-recurring items, EPS dropped 18%.

• Net profit: Rp13.3 trillion (down from Rp19.5 trillion year-over-year).

• Gross margin: 20.6% (down from 21.4% year-over-year).

• Operating cash flow: Rp16.3 trillion (down from Rp23.1 trillion year-over-year).

• Dividend payout for 2025 was Rp15.7 trillion, including an interim dividend of Rp4.0 trillion.

Outlook and guidance

• New share buyback programs announced: up to Rp8 trillion at the parent and Rp2 trillion at United Tractors, signaling confidence in long-term value.

• Management share ownership program adopted to align incentives with shareholder interests.

• Management continues to monitor market and operational risks, with a focus on maintaining capital structure and liquidity.

• No new business combinations in 2026; focus remains on core businesses and strategic investments.