EMTEK lifts BUKA stake to 45.68 percent, Elang Mahkota Teknologi stock trails 62.76 percent YTD
Published on 10/15/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOwnership and earnings calendar
- EMTEK's subsidiary held 45.68 percent of Bukalapak on September 30, 2026.
- Second-quarter revenue reached IDR 4.998 trillion and net income reached IDR 15.247 billion in 2026.
- Elang Mahkota Teknologi stock was last at IDR 378.00 at 3:20 p.m. WIB on October 15, 2026.
Elang Mahkota Teknologi's subsidiary held 45.68 percent of Bukalapak on September 30, 2026, after increasing its stake from 44.90 percent. Kontan reported on October 12, 2026, that the holding was equivalent to 47.125 billion Bukalapak shares.
Why the BUKA stake matters
The ownership change adds to Elang Mahkota Teknologi's direct 10.67 percent holding in Bukalapak, equivalent to 11.01 billion shares as of September 30, 2026. The subsidiary's stake rose by 0.78 percentage points from the previous month, keeping it as Bukalapak's largest shareholder, according to Kontan.
The operating backdrop is mixed. Investing.com reported second-quarter 2026 revenue of IDR 4.998 trillion and net income of IDR 15.247 billion, compared with revenue of IDR 5.815 trillion and a net loss of IDR 335.850 billion in the first quarter. Revenue therefore fell 14.04 percent quarter over quarter, while the earnings line moved back into positive territory.
Three dated company events
On June 30, 2026, second-quarter revenue reached IDR 4.998 trillion and net income reached IDR 15.247 billion, according to Investing.com. On September 15, 2026, Emtek Media announced exclusive broadcast rights for 21 FIFA ASEAN Cup matches, as reported by Investing.com. On September 30, 2026, the subsidiary's Bukalapak stake reached 45.68 percent, according to Kontan.
What comes next for earnings?
The next substantiated date is November 4, 2026, when Elang Mahkota Teknologi is scheduled to report third-quarter results, according to Investing.com. The report should capture the September quarter, while the final FIFA ASEAN Cup matches fell into the fourth quarter.
Stock context in Indonesia
Elang Mahkota Teknologi stock was last at IDR 378.00 at 3:20 p.m. WIB on October 15, 2026, on the Indonesia Stock Exchange. The quote was below the IDR 1,500.00 52-week high shown in the September company profile, while the latest reported quarter provides the clearest near-term operating comparison.
Elang Mahkota Teknologi stock facts
- Company: PT Elang Mahkota Teknologi Tbk
- ISIN: ID1000113905
- Ticker: EMTK
- Sector / Industry: Consumer cyclical services / media and broadcasting
- Latest reported quarter: Second quarter of 2026
- Latest reported revenue: IDR 4.998 trillion in the second quarter of 2026
- Latest reported net income: IDR 15.247 billion in the second quarter of 2026
Market context: Market report IDX Composite.
