Bumi Resources addresses Kideco rumor as Bumi Res stock costs EUR 0.01

Published on 10/16/2026 at 09:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bumi Resources addressed a Kideco rumor on October 12, 2026. Bumi Res stock costs EUR 0.01 on October 16, 2026, with USD 867.00 million first-half revenue.

Diversification shapes the story

Bumi Resources addressed a Kideco rumor on October 12, 2026, involving a reported transaction above USD 1.00 billion.
First-half 2026 revenue rose 28.00 percent to USD 867.00 million, while net income reached USD 59.00 million.
Bumi Res stock trades at EUR 0.01 at 9:45 a.m. CEST at Lang & Schwarz on October 16, 2026.

Bumi Res, ID1000068703, Illustration mit AI erstellt.

Bumi Resources (ID1000068703) addressed a report linking it to a possible Kideco acquisition, while Bumi Res stock stood at EUR 0.01 at Lang & Schwarz on October 16, 2026 at 9:45 a.m. CEST. According to Kontan, Bumi Resources told the Indonesian exchange on October 12, 2026 that the report was based on anonymous sources and concerned a transaction valued above USD 1.00 billion.

Rumor meets a diversification plan

The clarification put the Kideco story into the context of Bumi Resources' stated strategy. The company said its direction was to diversify beyond thermal coal, while Kideco is a thermal-coal asset, according to Kontan. The company also said material developments would be disclosed under the applicable market rules.

Three dated steps for Bumi

On June 29, 2026, Bumi Resources completed a 3.03 percent divestment in Citra Palu Mineral for USD 9.06 million, according to Liputan6. On September 4, 2026, its Australian subsidiary acquired all 175.71 million shares of Loyal Metals for AU$ 79.07 million, as reported by the Kontan. On October 12, 2026, the company issued its clarification on the Kideco report.

What does diversification add?

The operating figures show why the strategy matters. In the first half of 2026, revenue rose 28.00 percent to USD 867.00 million and net income increased 189.00 percent to USD 59.00 million, according to the Indonesian Mining Association. The revenue gain was accompanied by a much faster increase in profit, although fuel costs remain a stated operating risk.

Stock price and market context

On the IDX, BUMI was at IDR 134 on October 16, 2026 at 2:47 p.m. WIB. Its 52-week range was IDR 126 to IDR 484, and its market capitalization was IDR 49.8 trillion on the same date. The primary-market quote places the stock near the lower end of that range, while the euro indication remained at EUR 0.01 in the German trading window.

Bumi Res was trading at EUR 0.01 at Lang & Schwarz on October 16, 2026 at 9:45 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bumi Res stock.