Indika Energy stock reports 19.9 percent revenue growth

Published on 10/07/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indika Energy stock posted USD 10.2 million in first-half net income on September 14, 2026, up from USD 2.2 million. Awak Mas construction reached 60.63 percent by June 30.

Indika Energy, ID1000110901, Illustration mit AI erstellt.

Indika Energy (ISIN ID1000110901) reported first-half 2026 revenue of USD 1.15 billion, a 19.9 percent increase from USD 956.8 million a year earlier. Bisnis.com reported the figures on September 14, 2026, putting the company's diversification strategy against a materially stronger earnings base.

Profit recovery gains scale

Net income attributable to parent shareholders reached USD 10.2 million in the six months ended June 30, 2026, compared with USD 2.2 million in first-half 2025. That is a 354.30 percent year-over-year increase, considerably faster than revenue growth and a key distinction for investors assessing operating leverage.

The same report said gross profit increased 36.5 percent to USD 181.2 million, while operating profit rose 82.9 percent to USD 99 million. These figures show that the first-half improvement extended beyond sales and reached the profitability lines.

Awak Mas moves toward production

Indika Energy's gold diversification now has a measurable construction milestone. According to Bisnis.com on September 14, 2026, the Awak Mas project was 60.63 percent complete as of June 30, 2026, with first gold targeted for the second quarter of 2027.

The project is planned to produce 50,000-70,000 ounces of gold in its first production year, according to the same company update carried by Bisnis.com. The timing makes execution the next measurable test of whether gold can become a meaningful non-coal contributor.

Analyst levels meet a rising stock

On October 7, 2026, Mirae Asset Sekuritas Indonesia described Indika Energy as channeling up, with a first target of IDR 2,870 and additional targets of IDR 3,260 and IDR 4,020. The report identified support at IDR 2,500 and IDR 2,310, giving the technical view clear levels rather than a general market call.

Indika Energy stock was trading at IDR 2,760 on the IDX on October 7, 2026 at 2:23 p.m. WIB, up 1.85 percent from IDR 2,710. The session range was IDR 2,700 to IDR 2,790, with volume of 10,056,300 shares.

Stock remains below yearly high

The market capitalization stood at IDR 14.4 trillion on October 7, 2026. The 52-week range was IDR 1,735 to IDR 4,370, leaving the stock below its yearly high while the first-half earnings rebound and the Awak Mas timetable provide separate milestones for tracking execution.