Darma Henwa posts 89 percent profit growth: BNI targets Darma Henwa stock at IDR 364-376

Published on 10/12/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BNI set an IDR 364-376 target range on October 9, 2026. Darma Henwa stock costs EUR 0.02 on October 12, 2026, bid EUR 0.01.

Key points in brief

Darma Henwa reported 89 percent net profit growth in the first half of 2026, while revenue rose 3.10 percent.
BNI Sekuritas set an IDR 364-376 target range for DEWA on October 9, 2026.
Darma Henwa stock was trading at EUR 0.02 at Lang & Schwarz on October 12, 2026 at 9:04 a.m. CEST.
The company paid its first cash dividend since listing, distributing IDR 58.6 billion on July 31, 2026.

Darma Henwa, ID1000107303, Illustration mit AI erstellt.

Darma Henwa (ID1000107303) posted 89 percent net profit growth in the first half of 2026, while Petromindo reported on October 7, 2026 that revenue rose 3.10 percent. On October 9, 2026, BNI Sekuritas set an IDR 364-376 target range for DEWA, as reported by Liputan6. Darma Henwa stock was trading at EUR 0.02 at Lang & Schwarz on October 12, 2026 at 9:04 a.m. CEST.

Three dated operating milestones

On July 31, 2026, Darma Henwa paid IDR 58.6 billion, or IDR 1.50 per share, in its first cash dividend since listing, according to Indonesia Business Post. The payment came from 2025 earnings and represented 11.40 percent of the company's IDR 514.5 billion core profit in 2025.

On September 9, 2026, Liebherr said it had delivered 10 machines to Darma Henwa for work at the Bengalon and Kintap mines in Kalimantan. The fleet comprised four R 9200 excavators and six PR 776 dozers.

On October 7, 2026, Petromindo reported the first-half result as revenue growth of 3.10 percent and net profit growth of 89.00 percent. That operating update is the latest dated event in this article's chronology.

What drove the earnings change?

Pluang reported that first-half 2026 revenue reached IDR 3.20 trillion, up 3.13 percent year over year, while net profit reached IDR 354.28 billion, up 89.00 percent from IDR 187.44 billion in the first half of 2025. The same report said a IDR 229 billion fair-value adjustment on investments supported second-quarter profit, while finance costs rose 95 percent and included a one-off IDR 46 billion bank-loan penalty.

The figures separate the strong earnings increase from the more modest revenue advance. Pluang also reported that IDR 2.34 trillion, or 73 percent of first-half revenue, came from mining services for Kaltim Prima Coal, making customer concentration a material operating consideration.

BNI target meets a low euro quote

BNI Sekuritas described DEWA as a speculative-buy idea for the October 9, 2026 session and gave a near-term target range of IDR 364-376, according to Liputan6. The target is stated in Indonesian rupiah and is separate from the euro quote used for German-market investors.

Darma Henwa stock was trading at EUR 0.02 at Lang & Schwarz on October 12, 2026 at 9:04 a.m. CEST. The Xetra closing comparison is not included in the available dated market evidence, so the article uses the current euro quote without a percentage change.