PT Astra International Tbk (ASII) reported a 19 percent year-on-year (YoY) decline in net profit for the first half of 2026. The conglomerate issuer's net profit was recorded at Rp12.53 trillion, shrinking from Rp15.52 trillion in the same period last year. This decline was triggered by weakening performance in the mining solutions and heavy equipment business line.
During the first half of this year, Astra booked consolidated net revenue of Rp157.91 trillion, contracting 3 percent year-on-year from Rp162.86 trillion. On the other hand, excluding non-recurring items, the group's net profit actually stood at Rp14.89 trillion, representing a more moderate decline of 7 percent compared to H1-2025.
Astra's President Director, Rudy, explained that positive growth in the automotive and financial services business lines was not yet strong enough to support the slump in the mining sector. Net profit from the automotive segment rose 9 percent to Rp5.91 trillion, while the financial services sector grew 6 percent to Rp4.65 trillion.
Conversely, the mining solutions and heavy equipment sector suffered a heavy blow, with net profit plunging by 46 percent to Rp2.70 trillion. This significant decline was caused by lower gold sales volumes, declining demand for heavy equipment, as well as weakening mining services activity and coal production.
Faced with a highly uncertain global economic situation, Rudy emphasized that Astra's management will remain consistent in executing its new strategic direction. The company's focus remains on three main business pillars, namely automotive, financial services, and mining solutions and heavy equipment, relying on disciplined capital management and a robust financial structure.
