Bumi Resources clarifies Kideco rumor involving Bumi Res stock

Published on 10/20/2026 at 10:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bumi Resources acquired Loyal Metals on September 4, 2026. Bumi Res stock was EUR 0.01 on October 20, 2026; revenue reached USD 866.80 million.

Mining strategy meets market context

Management addressed Kideco reports on October 12, 2026.
First-half 2026 revenue rose 27.90 percent to USD 866.80 million.
Bumi Res stock trades at EUR 0.01 at 10:04 a.m. CEST at Lang & Schwarz on October 20, 2026.

Bumi Res, ID1000068703, Illustration mit AI erstellt.

Bumi Resources (ID1000068703) addressed reports linking it to a possible Kideco acquisition on October 12, 2026. According to Kontan, management said the report relied on anonymous sources and described the transaction as hypothetical.

Kideco reports meet diversification strategy

The Kideco speculation followed reports that Bumi Resources could be a candidate for the coal asset, with an estimated transaction value above USD 1.00 billion. Management said Bumi Resources has repeatedly described diversification beyond thermal coal as its strategic direction, while Kideco is a thermal coal asset.

The clarification matters because the possible deal would represent a major addition to Bumi Resources' operating base. Detik reported that Kideco generated USD 855.10 million in revenue during the first half of 2026.

What changed across three dates?

On September 4, 2026, Bumi Resources acquired 175.71 million Loyal Metals shares, representing the full ownership of the Australian mining company, according to Kontan. On October 9, 2026, reports valued the potential Kideco transaction above USD 1.00 billion. On October 12, 2026, Bumi Resources responded through a market disclosure and kept the strategic emphasis on diversification.

Revenue growth sets the operating benchmark

Financial performance provides a separate reference point. In the first half of 2026, revenue rose 27.90 percent year over year to USD 866.80 million, while net income reached USD 59.00 million, up 189.00 percent from the prior-year period, according to Kontan. These figures show why any acquisition discussion would be measured against both production scale and funding discipline.

Stock quote and company profile

On the IDX, Bumi Resources last stood at IDR 135 on October 20, 2026 at 3:02 p.m. WIB. At Lang & Schwarz, the stock was trading at EUR 0.01 on October 20, 2026 at 10:04 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bumi Res stock.