Elang Mahkota lifts BUKA stake to 10.67 percent: what it means for Elang Mahkota Teknologi stock

Published on 10/20/2026 at 11:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elang Mahkota added 188.70 million BUKA shares in September. Elang Mahkota Teknologi stock posted IDR 4.998 trillion in second-quarter revenue, down 14.04 percent.

Ownership and reporting milestones

Elang Mahkota Teknologi increased its Bukalapak holding to 10.67 percent by September 30, 2026.
Second-quarter 2026 revenue reached IDR 4.998 trillion, while net income was IDR 15.25 billion.
Elang Mahkota Teknologi stock was last at IDR 342.00 on October 20, 2026.

Elang Mahkota Teknologi, ID1000113905, Illustration mit AI erstellt.

Elang Mahkota Teknologi (ISIN ID1000113905) increased its Bukalapak holding to 10.67 percent by September 30, 2026, after adding 188.70 million shares, according to KabarBursa on October 11, 2026. The move gives the media and technology group a larger exposure to the listed digital platform.

What does the stake mean?

The ownership increase is the clearest current marker for Elang Mahkota's portfolio strategy. KabarBursa reported that the stake rose from 10.49 percent to 10.67 percent during September, with Elang Mahkota holding 11.010 billion Bukalapak shares at the end of the month.

The wider Bukalapak ownership structure is concentrated. PT Kreatif Media Karya held 45.68 percent, while Bukalapak itself held 10.99 percent on September 30, 2026, according to KabarBursa. The three holders together controlled 67.34 percent of Bukalapak.

Quarterly figures set the counterpoint

Elang Mahkota's second-quarter 2026 revenue was IDR 4.998 trillion, down 14.04 percent from the first quarter, while net income reached IDR 15.25 billion after a net loss of IDR 335.85 billion in the first quarter. TradingView reported the second-quarter figures on October 16, 2026.

Which dates come next?

The next reporting date is November 4, 2026, according to TradingView. That report will show whether the second-quarter revenue decline continued and how the larger Bukalapak exposure affected the group.

Stock stays tied to Indonesia

Elang Mahkota Teknologi stock was last at IDR 342.00 on the IDX on October 20, 2026 at 4:06 p.m. WIB. The listing is identified as EMTK.JK on the IDX under the same ISIN by Global Banking and Finance. The company had a market capitalization of IDR 20.9 trillion and a 52-week range of IDR 312.00 to IDR 1,500.00 as of October 20, 2026.