Bukit Asam advances coal processing as Bukit Asam stock trades at EUR 0.14

Published on 10/19/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Half-year profit reached IDR 2.65 trillion, up 218 percent year over year. Bukit Asam stock costs EUR 0.14 on October 19, 2026.

Strategy and valuation points

On October 5, 2026, first-half net profit reached IDR 2.65 trillion.
BRI Danareksa set a new IDR 3,480 target on October 15, 2026.
Bukit Asam stock trades at EUR 0.14 at 10:32 a.m. CEST at Lang & Schwarz on October 19, 2026.
Market capitalization stood at IDR 32.9 trillion on October 19, 2026.

Bukit Asam, ID1000094006, Illustration mit AI erstellt.

Bukit Asam (ISIN ID1000094006) was trading at EUR 0.14 at Lang & Schwarz on October 19, 2026 at 10:32 a.m. CEST. The company is advancing coal processing projects, including dimethyl ether, as it seeks additional value from lower-calorie reserves, according to Listrik Indonesia on October 19, 2026.

Three dates shape the story

On October 5, 2026, Bukit Asam reported first-half net profit of IDR 2.65 trillion, up 218 percent from IDR 0.83 trillion a year earlier, while revenue reached IDR 22.03 trillion, up 8 percent from IDR 20.46 trillion, according to CNBC Indonesia. On October 15, 2026, BRI Danareksa raised its target to IDR 3,480, lifted its 2026 and 2027 earnings estimates by 53.9 percent and 51.3 percent, and forecast sales of 48.1 million and 51.0 million tons, according to BRIGHTS. On October 19, 2026, Listrik Indonesia reported that management was evaluating technology options for the dimethyl ether project.

What does the 50 million ton target mean?

The production plan gives the strategy an operating benchmark. Bukit Asam produced 19.45 million tons in the first half of 2026 and set a full-year target of 50 million tons, while first-half sales reached 21.10 million tons, CNBC Indonesia reported on October 5, 2026. The same report put EBITDA at IDR 4.27 trillion and net profit margin at 12 percent.

The analyst case also carries a clear counter-factor. BRI Danareksa said Kramasan terminal delays constrain 2026 deliveries and forecast 48.1 million tons of sales against management's 49.5 million ton target. It also identified weaker coal prices, lower dividends and elevated capital spending as risks, while forecasting IDR 3.6 trillion of 2026 capital expenditure.

Coal processing adds a longer horizon

The October 19 strategy update broadens the investment case beyond raw coal volumes. Listrik Indonesia reported that PTBA could support future operations and maintenance for the dimethyl ether project, but technology selection, investment approval and project economics remain central conditions. The company is also developing potassium humate from low-rank coal for agriculture, according to the same report.

Stock valuation and trading

On the Indonesia Stock Exchange, PTBA was last quoted at IDR 2,860 on October 19, 2026 at 3:24 p.m. WIB. Its market capitalization was IDR 32.9 trillion on that date, with a 52-week range of IDR 2,200.00 to IDR 3,490.00. The valuation therefore combines a strong first-half profit comparison with execution risks around logistics and new projects.

The stock was trading at EUR 0.14 at Lang & Schwarz on October 19, 2026 at 10:32 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bukit Asam stock.