Amman Mineral Internasional, ID1000191109

Amman Mineral reports profit turnaround: UOB targets Amman Mineral Internasional stock

Published on 10/13/2026 at 09:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net profit reached USD 498 million in first-half 2026, reversing a USD 149 million loss. UOB set IDR 7,000 for Amman Mineral Internasional stock.

Amman Mineral Internasional returned to profit in the first half of 2026 with USD 498 million in net income.
UOB Kay Hian maintained a buy rating and an IDR 7,000 target after second-quarter earnings improved.
Second-quarter net sales reached USD 1.24 billion, up 54.00 percent from the first quarter.
AMMN was trading at IDR 4,270.00 on IDX on October 13, 2026, with a market capitalization of IDR 309.2 trillion.

Amman Mineral Internasional, ID1000191109, Illustration mit AI erstellt.

Amman Mineral Internasional stock is tied to a sharp first-half earnings turnaround, with net profit reaching USD 498 million in the six months ended June 30, 2026, versus a USD 149 million loss a year earlier. UOB Kay Hian maintained its buy rating and an IDR 7,000 target in research dated September 23, 2026.

Profit recovery reaches scale

Kontan reported that second-quarter net sales rose to USD 1.24 billion, up 54.00 percent from the first quarter and 589.60 percent from the year-earlier quarter. Net profit attributable to the parent reached USD 337.80 million, up 110.90 percent from the first quarter, while gross profit rose to USD 622.00 million.

The broader first-half result was equally significant. Net sales reached USD 2.05 billion, compared with USD 182.59 million in the first half of 2025, while gross profit reached USD 964.15 million versus USD 55.70 million a year earlier. The comparison shows that the earnings recovery was driven by a much larger operating base, not only by a lower loss denominator.

What supports the second half?

IDXChannel reported that concentrate sales in the second quarter tripled to 90,066 dry metric tonnes from 30,013 dry metric tonnes in the first quarter. Refined gold sales also rose 208.60 percent quarter over quarter to 49,501 ounces as the precious metals refinery moved into fuller operation.

UOB Kay Hian said the smelter and precious metals refinery were fully commissioned and retained its 2026 and 2027 profit projections. The research also cited a 34.00 percent increase in 2026 gold-in-concentrate production guidance to 775,000 ounces, while warning that government policy, commodity prices, currency movements and delays at the Elang project remain relevant risks.

Three dated milestones

On September 21, 2026, the half-year report showed USD 2.05 billion in net sales and a USD 498 million profit. On September 23, 2026, UOB Kay Hian linked the second-quarter recovery to higher concentrate and refined-gold sales and kept the IDR 7,000 target. On October 9, 2026, Amman Mineral Internasional said its Cerita Sasambo journalism competition received 277 entries from 111 journalists.

Next reporting date

TradingView lists November 4, 2026, as the next earnings date. That date gives the market a defined checkpoint for testing whether the first-half recovery continues.

Stock valuation and operating base

AMMN was trading at IDR 4,270.00 on IDX on October 13, 2026. The stock's 52-week range was IDR 2,710.00 to IDR 8,500.00, while market capitalization stood at IDR 309.2 trillion.

The current picture combines a powerful earnings comparison with execution risk. Revenue, production volumes and refining capacity now provide the main measures for judging whether Amman can convert its first-half rebound into a durable full-year result.