PT VKTR Teknologi Mobilitas Tbk (VKTR) recorded a significant leap in financial performance during the first half of 2026. The issuer, which focuses on the development of commercial electric vehicles, successfully posted net sales of IDR 647 billion, growing 56 percent year-on-year (YoY). This positive trend was driven by increasing market demand for eco-friendly transportation solutions and the recovery of the national automotive industry, which also boosted the company's spare parts manufacturing line.
The surge in revenue was accompanied by a significant increase in profitability. VKTR recorded an operating profit of IDR 16 billion, skyrocketing by 1,890 percent YoY thanks to operational efficiency and cost structure optimization. Meanwhile, the company's net profit also rose by 25 percent YoY to IDR 10 billion. On the balance sheet side, VKTR's assets grew by 3 percent to IDR 1.84 trillion, with equity reaching IDR 1.26 trillion and liabilities at IDR 589 billion.
President Director of VKTR, A. Ardiansyah Bakrie, stated that this achievement confirms the resilience of the company's business model amid the energy transition. He noted that the electrification of commercial fleets is no longer just an environmental trend, but has become a rational business solution for both the private sector and public transportation providers. During the first half of this year, VKTR successfully delivered 30 units of 12-meter electric buses to TransJakarta, bringing the total electric fleet supplied by VKTR operating in Jakarta to 152 units, or equivalent to 30 percent of TransJakarta's total electric bus fleet.
Not only focusing on the public transportation sector, VKTR also expanded its reach into the logistics and corporate operations sector by delivering light commercial electric vehicles (transporters) to a logistics company in Malang, East Java. This step strengthens VKTR's product portfolio, which currently includes 8-meter and 12-meter electric buses, the LOKON transporter, and heavy-duty electric trucks for industrial and mining needs. Interestingly, VKTR's electric bus products are currently the only TransJakarta fleet assembled domestically, with a local content level (TKDN) exceeding 40 percent.
Looking ahead to the remainder of 2026, the company is optimistic that this growth will continue, aligned with plans to deliver a mass order of electric buses for the public transport rejuvenation program in Central Java in the third quarter. In addition, VKTR is currently processing a corporate action for a capital increase with pre-emptive rights (rights issue) to fund mobility-as-a-service (MaaS) leasing models, facilitating corporations that wish to migrate to electric vehicles without a heavy initial investment burden.
