Bumi Resources clarifies Kideco rumor involving Bumi Resources stock

Published on 10/23/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bumi Resources clarified Kideco on October 13, 2026. Bumi Resources stock costs EUR 0.01 on October 23, 2026, while the IDX quote is IDR 141 in Jakarta.

Kideco clarification and financial growth

Bumi Resources acquired 175.71 million Loyal Metals shares on September 4, 2026.
First-half 2026 revenue reached USD 866.80 million, up 27.90 percent year over year.
Bumi Resources stock traded at EUR 0.01 at 9:10 a.m. CEST at Lang & Schwarz on October 23, 2026.

Bumi Res, ID1000068703, Illustration mit AI erstellt.

Bumi Resources (ISIN ID1000068703) was quoted at EUR 0.01 at Lang & Schwarz on October 23, 2026 at 9:10 a.m. CEST. The company had clarified its position on the Kideco acquisition rumor in a disclosure dated October 12, 2026, according to Fortune Indonesia.

Rumor clarification resets the catalyst

Bumi Resources said its strategy was to diversify beyond thermal coal, while the asset named in the Kideco report is a thermal coal operation. The company also said material corporate developments would be disclosed under market rules, according to Kontan on October 13, 2026.

What does the strategy mean?

The financial backdrop gives the clarification a measurable context. First-half 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, according to Kontan.

Three dated developments

On September 4, 2026, Bumi Resources acquired 175.71 million Loyal Metals shares for AUD 79.07 million, according to Kontan. On August 1, 2026, second-quarter revenue was reported at USD 449.10 million, up 36.00 percent year over year, according to Simply Wall St. On October 12, 2026, the company addressed the Kideco rumor and reiterated its diversification direction.

Stock context from Indonesia

The Indonesian quote was IDR 141 on October 23, 2026 at 2:07 p.m. WIB, with the IDX session open. Bumi Resources operates in energy and coal mining, with additional services, oil and gas, and mineral activities. The company therefore combines a large established coal base with a stated expansion path into other mining properties.

Price stays near one cent

The euro quote gives German investors a direct intraday reference, while the IDX value shows the home-market quotation separately. The company remains tied to coal prices, production volumes and the execution of its non-coal expansion.

Bumi Resources was trading at EUR 0.01 at Lang & Schwarz on October 23, 2026 at 9:10 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Bumi Res stock.