Indah Kiat stock reports 127.43 percent profit growth

Published on 10/07/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indah Kiat stock was last at IDR 8,300 on October 7, 2026, while its first-half net profit reached USD 372.33 million. Debt repayments are scheduled for November.

Indah Kiat, ID1000062201, Illustration mit AI erstellt.

Indah Kiat stock (ISIN ID1000062201) was last at IDR 8,300 on the IDX on October 7, 2026, while first-half 2026 net profit rose 127.43 percent year over year to USD 372.33 million. The sharp earnings increase gives the paper and pulp producer a stronger fundamental backdrop, but the session quote fell IDR 150, or 1.78 percent.

Profit growth leads the story

Katadata reported on September 10, 2026, that first-half net sales reached USD 1.70 billion, up 8.74 percent from the prior-year period. Gross profit climbed 13.20 percent to USD 537.48 million, showing that the earnings comparison was supported by both higher sales and wider gross profit.

The latest quarterly data also show the scale of the operation. For Q2 2026, revenue was USD 857.95 million and net income was USD 209.82 million, while total assets stood at USD 13.14 billion on June 30, 2026.

Debt refinancing sets the next date

EmitenNews reported on September 29, 2026, that Indah Kiat plans to repay IDR 1.043 trillion of rupiah debt on November 21, 2026, plus USD 900,000 on November 22, 2026. The company said the payments will use proceeds from debt offerings completed in 2026, making refinancing execution a key balance-sheet checkpoint.

The debt schedule matters because the company is also bringing the Karawang plant into operation. Kontan reported on October 4, 2026, that Mirae Asset expects the plant to support earnings as utilization improves, while additional global pulp capacity could pressure pulp prices in 2027. The combination creates a clear trade-off: stronger downstream capacity against near-term operating costs and refinancing obligations.

Analysts see upside to IDR 13,483

Investing.com lists a Strong Buy consensus from 3 analysts, with an average 12-month price target of IDR 13,483.33, a high target of IDR 15,700 and a low target of IDR 12,050. Against the IDR 8,300 quote on October 7, 2026, the average target lies 62.45 percent above the price.

The market is therefore weighing a strong reported earnings comparison against execution risks. For investors, the next concrete markers are debt repayment and the pace at which Karawang contributes to the product mix.

INKP remains below its yearly high

Indah Kiat was last at IDR 8,300 on the IDX at 3:02 p.m. WIB on October 7, 2026. The price sits within the 52-week range of IDR 6,250 to IDR 12,750, while trading volume reached 812,800 shares and market capitalization was IDR 45.4 trillion.