Elang Mahkota Teknologi raises BUKA stake: what it means for Elang Mahkota Teknologi stock

Published on 10/16/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BUKA ownership rose to 10.67 percent on September 30, 2026. Elang Mahkota Teknologi stock posted IDR 4.998 trillion in the second quarter.

Ownership and quarterly performance

Elang Mahkota Teknologi raised its BUKA holding to 10.67 percent on September 30, 2026.
Second-quarter revenue reached IDR 4.998 trillion after IDR 5.815 trillion in the first quarter of 2026.
Elang Mahkota Teknologi had a market capitalization of IDR 20.4 trillion as of October 16, 2026.

Elang Mahkota Teknologi, ID1000113905, Illustration mit AI erstellt.

Elang Mahkota Teknologi (ISIN ID1000113905) increased its holding in Bukalapak.com to 10.67 percent by September 30, 2026, from 10.49 percent, adding 188.703 million shares. The ownership change gives Elang Mahkota Teknologi stock a concrete strategic angle as the group manages its digital assets, media operations and healthcare businesses.

Ownership change adds a measurable catalyst

According to KabarBursa on October 11, 2026, PT Elang Mahkota Teknologi held 11.010 billion BUKA shares after increasing its stake during September. The broader ownership structure left three major holders with 67.336 percent of BUKA as of September 30, 2026.

The change matters because the company is not only a broadcaster. Its businesses span media, technology solutions, healthcare and other services, while the BUKA holding provides exposure to Indonesia's digital economy. The September increase was therefore a specific portfolio action rather than a general sector statistic.

What does the quarterly result show?

Elang Mahkota Teknologi generated IDR 4.998 trillion of revenue in the second quarter of 2026, down 14.04 percent from IDR 5.815 trillion in the first quarter. Net income was IDR 15.247 billion after a net loss of IDR 335.850 billion in the first quarter, according to Investing.com.

The comparison points to a sharp earnings recovery alongside lower quarterly revenue. Operating profit also declined from IDR 495.537 billion in the first quarter to IDR 347.001 billion in the second quarter, so the positive net result did not come with stronger operating revenue.

Three dated company milestones

On May 1, 2026, Elang Mahkota Teknologi recorded a net loss attributable to shareholders of IDR 364.53 billion, as reported by MarketScreener. On July 31, the company reported results for the six months ended June 30, 2026, including second-quarter revenue of IDR 4.998 trillion. On October 11, the September ownership filing showed the BUKA stake at 10.67 percent.

Market value and investor perspective

Elang Mahkota Teknologi had a market capitalization of IDR 20.4 trillion as of October 16, 2026. The combination of a 10.67 percent BUKA holding and a return to quarterly net income gives investors two measurable points to track: the value of the digital portfolio and the durability of the operating recovery.