Automotive and Financial Services Business Maintains Astra's Performance in Semester I 2026

JAKARTA - PT Astra International Tbk (Astra) maintained the growth of its two main businesses throughout the first half of 2026. The net profit of the Automotive business increased by 9 percent to Rp5.9 trillion, while the profit of the Financial Services business grew by 6 percent to Rp4.6 trillion.

The positive performance of these two sectors has become a support for PT Astra International Tbk amid pressure on the Mining Solutions and Heavy Equipment business.

President Director of PT Astra International Tbk Rudy said the growth of the Automotive and Financial Services business showed the resilience of the Astra Group in facing dynamic business conditions.

"In the first half of 2026, the Group recorded an increase in contributions from the Automotive and Financial Services businesses. However, the decline in contributions from the Mining & Heavy Equipment Solutions business resulted in a decrease in the Group's overall net profit," said Rudy in a written statement, Thursday (30/7/2026).

On a consolidated basis, PT Astra International Tbk recorded net revenue of IDR 157.9 trillion in the first half of 2026. The revenue was down 3 percent compared to the same period last year of IDR 162.9 trillion.

Net profit excluding non-recurring items reached IDR 14.9 trillion, down 7 percent from IDR 16 trillion. After taking into account non-recurring items of IDR 2.4 trillion, Astra Group's net profit was recorded at IDR 12.5 trillion.

The non-recurring items mainly consist of adjustments to the fair value of equity investments and impairment losses.

The financial statements for the period ended June 30, 2026 have not been audited and have been prepared in accordance with the Indonesian Financial Accounting Standards.

Astra Automotive Strengthens

The growth of the Automotive business of PT Astra International Tbk was supported by an increase in new car sales and a strong contribution from the Components division.

National car sales throughout the first half of 2026 grew 16 percent to 437,000 units. Meanwhile, sales of Astra Group cars increased 10 percent.

The Astra Group maintained a market share of 51 percent for cars. Toyota and Daihatsu also remained in first and second place as the best-selling car brands in Indonesia.

In the two-wheeled vehicle market, national motorcycle sales grew 1 percent to 3.1 million units. Honda motorcycle sales also increased 1 percent with a market share of 77 percent.

The net profit contribution of the Components Division of PT Astra International Tbk jumped 23 percent to Rp921 billion. This growth was supported by an increase in contributions from all segments.

Positive developments were also seen in the Mobility division. Astra Group's used car sales increased 4 percent to 15,700 units, while the number of vehicles under contract increased 13 percent to 29,200 units.

New Financing Reaches IDR 61.8 Trillion

The Financial Services business of PT Astra International Tbk also continued to grow with net profit of Rp4.6 trillion or an increase of 6 percent.

The new financing value from the consumer financing division grew 10 percent to Rp61.8 trillion. This growth was driven by automotive and multi-cycle financing.

The motorcycle-focused financing division contributed net profit of IDR 2.4 trillion, up 4 percent from last year.

The contribution of the net profit of the car financing company grew 6 percent to Rp1.2 trillion. Meanwhile, the value of new financing for heavy equipment increased 1 percent to Rp8.1 trillion, with the contribution of net profit increasing 11 percent to Rp130 billion.

Astra Group insurance companies also recorded a 7 percent increase in net profit contribution to Rp906 billion. The increase was supported by operational and investment income growth.

Agri-business and Property Grows 31 Percent

The performance of the Other segment of PT Astra International Tbk which reflects the Group's Wider Businesses also showed growth.

Without taking into account non-recurring items, the net profit of this segment increased 31 percent to IDR 1.6 trillion.

Growth was mainly supported by the agri-business business thanks to the increase in the price and volume of palm oil sales. The property business also recorded an increase after receiving contributions from the newly acquired industrial warehouse platform.

On the other hand, the Mining Solutions and Heavy Equipment business posted a net profit of IDR 2.7 trillion before non-recurring items, down 46 percent compared to the same period last year.

The performance of this sector is impacted by the lack of gold sales from the Martabe Gold Mine as well as a reduction in the national coal production quota through the allocation of the Work Plan and Budget (RKAB).

The Martabe Gold Mine temporarily stopped its operational activities in early 2026, but has been operating again since the second quarter of 2026.

Astra and UT Disburse Rp10 Trillion for Share Buyback

PT Astra International Tbk and PT United Tractors Tbk (UT) have prepared funds of up to Rp10 trillion for a share buyback program.

Astra allocates a maximum of Rp8 trillion for the buyback program for 12 months. The program has obtained approval in the Extraordinary General Meeting of Shareholders on July 17, 2026.

United Tractors also announced a share buyback program with a value of up to IDR 2 trillion for a period of three months.

"Astra has announced a new share buyback program of up to IDR 8 trillion for the next 12 months, which has obtained approval in the Extraordinary General Meeting of Shareholders on July 17, 2026. In addition, UT also announced a new share buyback program of up to IDR 2 trillion for the next three months," said Rudy.

Previously, Astra and United Tractors had completed a share buyback program with a total value of IDR 7.4 trillion from November 2025 to the end of June 2026.

This step is part of PT Astra International Tbk's capital allocation strategy to increase long-term returns for shareholders.

Astra also carried out a long-term management share ownership program (MSOP) in July 2026. The program is aimed at aligning management incentives with the creation of long-term value.

Focus on Three Core Businesses

PT Astra International Tbk has started to implement a new Strategy Roadmap announced in May 2026. This strategy directs the Astra Group to focus on three core businesses.

The three are Automotive, Financial Services, and Mining and Heavy Equipment Solutions.

The roadmap is built on four pillars, namely Focus, Clarity, Discipline, and Commitment. Astra also clarifies the management of Wider Businesses by prioritizing businesses that have synergy with the Group's ecosystem and capabilities.

The new strategy also emphasizes discipline in capital allocation and investment by considering returns for shareholders.

"In the midst of ongoing global uncertainty, we remain focused on executing our new corporate strategy. We are confident in Astra's operational excellence, resilience and balance sheet strength, supported by a disciplined capital allocation in the face of various business challenges," said Rudy.

PT Astra International Tbk also recorded a net asset value per share of Rp5,763 as of June 30, 2026, an increase of 1 percent. Equity attributable to the owners of the parent entity increased 1 percent to Rp230.1 trillion.