Alamtri enters aluminum growth phase: Sucor targets Adaro stock at IDR 3,800.00

Published on 10/05/2026 at 21:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alamtri's first-half revenue reached USD 999 million, up 16.50 percent year over year. Adaro stock costs EUR 0.13 on October 5, 2026 after EUR 0.13.

Adaro, ID1000111305, Illustration mit AI erstellt.

Alamtri is entering an aluminum growth phase, while Sucor Sekuritas retained a bullish rating and an IDR 3,800.00 target for Adaro stock, according to Alcircle on September 7, 2026.

Aluminum investment enters a new phase

The company is developing its aluminum business alongside metallurgical coal operations, with the downstream project expected to contribute more clearly to revenue during the second half of 2026, Alcircle reported on September 7, 2026.

Aluminum sales are projected at 308,647 tonnes in 2026 and 551,156 tonnes in 2027, according to the same report. The expansion gives Alamtri a quantified route to reduce reliance on coal revenue, although the forecast remains dependent on the facility reaching higher utilization.

First-half earnings add operating support

In the first half of 2026, revenue increased 16.50 percent year over year to USD 999 million, EBITDA rose 56.80 percent to USD 491 million, and net income climbed 76.90 percent to USD 309 million, Investor reported on September 22, 2026.

That comparison makes the aluminum project more than a diversification label: the existing business generated the cash and earnings base for a new processing investment, while the reported growth figures provide the current operating benchmark.

ADRO trades near its yearly high

On the Jakarta Stock Exchange, Alamtri stock closed at IDR 2,590.00 on October 5, 2026, against a 52-week range of IDR 1,625.00 to IDR 2,860.00. The market capitalization was IDR 74.6 trillion on the same date, and the next earnings date was listed as November 3, 2026, by Investing.com.

Lang & Schwarz showed EUR 0.13 for Adaro stock on October 5, 2026 at 9:28 p.m. CEST, unchanged at 0.00 percent versus the prior close of EUR 0.13 on October 2, 2026.