Kideco sale talks advance for Indika Energy stock

Published on 10/12/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 19.90 percent to USD 1.15 billion. Indika Energy stock stood at EUR 0.13 on October 12, 2026.

A front-runner has emerged in reports about Indika Energy's planned Kideco coal mine sale.
Kideco generated USD 377.40 million in revenue in the first quarter of 2026, equal to 72.80 percent of Indika Energy's total revenue.
Indika Energy reported USD 1.15 billion of revenue in the first half of 2026, up 19.90 percent year over year.
The Lang & Schwarz quote stood at EUR 0.13 on October 12, 2026 at 10:32 a.m. CEST.

Indika Energy, ID1000110901, Illustration mit AI erstellt.

Indika Energy (ID1000110901) is linked to advancing sale talks for its Kideco coal mine, while first-half revenue reached USD 1.15 billion. DealStreetAsia reported on October 9, 2026 that a front-runner had emerged among potential buyers for the asset. The development puts the contribution of Kideco and the use of any sale proceeds at the center of the investment case.

Three dated developments shape Indika

On September 15, 2026, Bisnis.com reported that Indika's electric vehicle unit ALVA had distributed 20,000 electric motorcycles by September, compared with 10,000 in December 2025. Also on September 15, 2026, Indonesia Business Post reported that Indika was targeting first gold from Awak Mas in the second quarter of 2027. The October 9, 2026 Kideco report adds a potential portfolio change to those diversification efforts.

What does Kideco mean for cash flow?

Kideco produced USD 15.20 million tons of coal in the first half of 2026 and generated USD 855.09 million of revenue and USD 92.73 million of net income during that period, according to TradingView. A separate report put Kideco's first-quarter revenue at USD 377.40 million, or 72.80 percent of Indika Energy's total revenue, with net income of USD 42.40 million. That concentration means a sale could improve financial flexibility while also removing a major source of operating earnings.

Revenue growth meets portfolio risk

Bisnis.com reported that revenue in the first half of 2026 rose 19.90 percent from USD 956.80 million in the first half of 2025, while net income attributable to owners increased to USD 10.20 million from USD 2.20 million. The figures show stronger year-over-year revenue and profit, but the Kideco reports highlight how much of the group remains tied to one coal asset.

Indika Energy stock and the market quote

Indika Energy stock was trading at EUR 0.13 at Lang & Schwarz on October 12, 2026 at 10:32 a.m. CEST. The primary-market quote was last at IDR 2,680 on the Indonesia Stock Exchange on October 12, 2026 at 3:26 p.m. WIB, against a 52-week range of IDR 905 to IDR 4,370. Market capitalization was IDR 13.9 trillion as of October 12, 2026.

The further course of trading is shown by the continuously updated real-time quote of Indika Energy stock.