ANTM: Integrated Project Expansion Will Support Future Growth Path

19 Nov 2025 Company Update
ANTM’s revenue expanded 66.7% YoY to IDR 71.03 trillion in 9M25. This growth was supported by a 64.3% YoY increase in gold sales to IDR 58.67 trillion, a 171.9% YoY...
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INET : Undervalued Digital Infrastructure with Strengthening Growth Visibility

17 Nov 2025 Company Update
>PT Sinergi Inti Andalan Prima Tbk (INET) continues to strengthen its positioning as an integrated digital-infrastructure operator, underpinned by fast-expanding capacity and accelerating contribution from newly developed business segments. Since...
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CPIN: Live Bird and DOC Price Recovery Drives Revenue in 3Q25

14 Nov 2025 Company Update
CPIN booked limited revenue growth of 1.8% YoY to IDR50.6 trillion in 9M25. This revenue was driven by an increase in sales in the feed segment of 20.2% YoY to...
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TLKM : Earnings Normalization in Progress, Structural Upside Intact

13 Nov 2025 Company Update
>TLKM delivered a moderate set of results in 3Q25, with topline growth beginning to stabilize. Revenue reached IDR36.61tn (+0.68% QoQ; –0.85% YoY), bringing 9M25 revenue to IDR109.62tn (–2.32% YoY). Legacy...
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ADMR: Aluminum Smelter Operations Drive Downstreaming and Prospects

10 Nov 2025 Company Update
The aluminum smelter is scheduled to commence operations in stages. Phase 1 commissioning is targeted for the end of 2025, with 500 ktpa of ingots produced within the North Kalimantan...
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JPFA: Expansion to Strengthen Position in the Industry

05 Nov 2025 Company Update
JPFA booked revenue growth of 4.4% YoY to IDR43.1 trillion in 9M25. This growth was driven by increased sales across all business segments, with the highest sales increase from the...
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ACES: Improving Operational Efficiency Through New Expansion Strategy

03 Nov 2025 Company Update
ACES booked limited revenue growth of 1.7% YoY to IDR6.33 trillion in 9M25. This revenue was driven by limited growth in almost all business segments, except for consignment sales, which...
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BSDE: Revenue and Profit Weakened, But Marketing Sales Grew 4% YoY

03 Nov 2025 Company Update
BSDE's revenue decreased 13% YoY to IDR 8.76 trillion in 9M25. Land and building sales were the primary contributors to BSDE's revenue (85% in 9M25). However, this decline in sales...
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BMRI: Wholesale Business Supports Loan Growth Resilience

29 Oct 2025 Company Update
BMRI's interest income grew 10.5% YoY to IDR 122.30 trillion in 9M25. This growth was accompanied by a higher increase in interest expenses (+22.9% YoY) to IDR 44.04 trillion in...
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