Indonesia selloff hits ESSA Industries Indonesia stock

Published on 10/16/2026 at 10:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ESSA reported USD 186.5 million H1 revenue, up 34.8 percent year over year. Profit doubled to USD 30.2 million for ESSA Industries Indonesia stock.

Market stress and earnings

ESSA ranked among LQ45's top losers after a 15.00 percent fall on October 16, 2026.
First-half 2026 revenue reached USD 186.5 million, up 34.8 percent year over year.
Mirae Asset listed an IDR 620.00 target for ESSA on October 5, 2026.

ESSA Industries Indonesia stock, energy, H1 2026 earnings, market selloff, IDX, LQ45, Illustration mit AI erstellt.

ESSA Industries Indonesia stock stood at IDR 476.00 on the IDX at 3:44 p.m. WIB on October 16, 2026, when Kontan listed it among the LQ45 index's top losers after a 15.00 percent fall. The move came against a sharp selloff across Indonesian equities, while ESSA's first-half earnings offered a separate measure of operating progress.

According to ESSA on July 28, 2026, revenue for the six months ended June 30, 2026, reached USD 186.5 million, an increase of 34.8 percent from H1 2025. Net profit attributable to owners rose 100.00 percent to USD 30.2 million in the same period.

Profit growth meets market pressure

The earnings profile is important because the first half combined higher revenue with a stronger bottom line. ESSA's official investor page also showed total assets of USD 693.3 million as of June 30, 2026, up 1.1 percent year over year, while total equity reached USD 554.2 million, up 1.1 percent.

What does the target mean?

Technical levels published by Mirae Asset Sekuritas on October 5, 2026, placed ESSA targets at IDR 620.00, IDR 640.00 and IDR 770.00, with support at IDR 555.00 and IDR 505.00. The first target stands 30.25 percent above the IDR 476.00 price seen on October 16, 2026. That gap frames the market's current tension: earnings growth is measurable, but the share price is being driven by broader selling pressure.

Three dated milestones

On June 22, 2026, the official investor page listed a dividend of IDR 52.00 per share for fiscal year 2025, and on July 28, 2026, it reported USD 186.5 million of first-half revenue. On October 16, 2026, Kontan reported ESSA at IDR 476.00 after a 15.00 percent decline.

Stock level and valuation context

The IDX quotation sat at the lower boundary of the IDR 476.00 to IDR 995.00 52-week range shown for ESSA on October 16, 2026. Market capitalization was IDR 8.2 trillion on the same date, giving the earnings figures a clear listed-equity context.

Price and market context

The latest available IDX quotation put ESSA at IDR 476.00 on October 16, 2026, at 3:44 p.m. WIB. Its market position can therefore be read alongside the USD 30.2 million first-half net profit and the IDR 620.00 technical target.