PT Bukit Asam Tbk (PTBA) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was Rp9.93 trillion, nearly flat year-over-year, with net profit up 105% to Rp806.1 billion compared to Q1 2025.

• Gross profit rose 47% year-over-year to Rp1.54 trillion, driven by lower cost of revenue and improved segment margins.

• Coal sales to related parties, especially PLN Group, accounted for 46% of consolidated revenue in Q1 2026.

Financial highlights

• Revenue: Rp9.93 trillion for Q1 2026, compared to Rp9.96 trillion in Q1 2025.

• Net profit: Rp806.1 billion, up from Rp396.8 billion year-over-year.

• Gross profit: Rp1.54 trillion, up from Rp1.05 trillion year-over-year.

• Basic and diluted EPS: Rp70, up from Rp34 in Q1 2025.

• Total assets: Rp43.23 trillion as of March 31, 2026, down from Rp43.92 trillion at year-end 2025.

• Total equity: Rp23.67 trillion as of March 31, 2026.

Outlook and guidance

• Management continues to focus on operational efficiency and compliance with new mining and energy regulations.

• No specific forward-looking financial guidance provided, but regulatory changes on DMO and benchmark pricing are expected to impact future performance.