Barito Pacific stock fell 1.69 percent as first-half profit dropped

Published on 10/07/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barito Pacific stock faced a 70.0 percent first-half profit decline on July 31, 2026, despite revenue growth to USD 5,686 million. TradingView lists one analyst target at IDR 2,678.57.

Barito, ID1000085707, Illustration mit AI erstellt.

Barito Pacific (ISIN ID1000085707) was trading at IDR 1,455 on the IDX on October 7, 2026 at 2:52 p.m. WIB, down 1.69 percent from IDR 1,480. The key company backdrop is its unaudited first-half report dated July 31, 2026, which showed sharply higher revenue but weaker profitability. For investors, the contrast between scale and earnings quality is the central issue.

Revenue grows while profit falls

According to Barito Pacific in its July 31, 2026 release, consolidated revenue reached USD 5,686 million in the first six months of 2026, up 76.1 percent from USD 3,229 million in the same period of 2025.

The earnings mix moved in the opposite direction. Net profit after tax fell 70.0 percent to USD 518 million, while EBITDA declined 45.1 percent to USD 1,084 million from USD 1,974 million, according to Barito Pacific.

The margin pressure is visible in the reported figures: EBITDA margin dropped to 19.06 percent from 61.13 percent. The company also reported net debt to equity of 0.76 times for 6M26, compared with 0.77 times a year earlier, showing a broadly stable leverage ratio despite the earnings decline.

One analyst sees upside

TradingView lists a Strong Buy consensus based on one analyst and an IDR 2,678.57 price target. That target lies 84.09 percent above the IDR 1,455 share price used here, making the forecast highly sensitive to the earnings recovery that the first-half figures have yet to demonstrate.

Barito Pacific's investment base remains substantial. Jakarta Globe reported on September 22, 2026, that the group had invested USD 4.5 billion in Indonesia over five years, equal to 90 percent of its USD 5 billion capital expenditure.

Stock remains below yearly high

Barito Pacific stock was trading at IDR 1,455 on October 7, 2026, against a 52-week range of IDR 1,200 to IDR 4,530. The share price therefore stood 67.88 percent below its 52-week high, while the first-half report leaves revenue growth and profit conversion moving in opposite directions.