Prove Resilience in the Midst of Industry Challenges, SIG Performance Grows Solid in Quarter I of 2026

Photo: Dok. Semen Indonesia Group (SIG)

PT Semen Indonesia (Persero) Tbk (SIG) reported consolidated financial performance in the first quarter of 2026 with the following summary:

● Sales volume of 8.71 million tons ● Revenue recorded at Rp8.29 trillion. ● The cost of the main income was recorded at Rp6.62 trillion. ● EBITDA was recorded at Rp1.06 trillion. ● Profit before tax of Rp156 billion ● Profit for the period attributable to owners of the parent entity of Rp80 billion.

SIG proved its resilience amid the challenges of the domestic cement industry, which is still facing overcapacity and geopolitical tensions that put pressure on price increases. SIG's Corporate Secretary, Vita Mahreyni said, SIG's transformation strategy has managed to record a positive performance growth trend since the fourth quarter of 2025 and continued throughout the first quarter of 2026, which was marked by an increase in sales volume, revenue, and profit in the first quarter of 2026.

"The business transformation carried out by SIG focuses on three main strategies, namely improving the management of the micro market, cost efficiency, and optimizing derivative products of cement and the portfolio which are the catalysts for the Company's performance growth," said Vita Mahreyni, quoted Friday, May 1.

Throughout the first quarter of 2026, SIG's sales volume increased 1.7 percent year-on-year to 8.71 million tons from the same period in 2025 of 8.57 million tons. This achievement was driven by domestic sales which increased 5.4 percent year-on-year, mainly contributed by the bagged cement segment which increased significantly by 11 percent year-on-year. This achievement even surpassed the national bagged cement demand which increased 7.0 percent. Meanwhile, regional sales contracted 8 percent year-on-year.

In terms of costs, the main burden of income increased by 8.6 percent year-on-year in line with the increase in sales volume and the impact of rising fuel and energy prices. At the same time, operating costs (including other operating income and expenses) increased by 9 percent year-on-year. However, thanks to good financial governance, net financial costs were recorded as down 35.4 percent year-on-year.

"We managed to maintain the positive performance trend in the first quarter of 2026 thanks to the discipline of implementing business transformation. In addition to the improved sales performance, revenue also increased by 8.3 percent accompanied by an increase in profit of 88.7 percent. This positive achievement makes us more confident that the strategic steps taken are on the right track, while continuing to evaluate, adapt to all developments, and maximize every opportunity," said Vita Mahreyni.

Vita Mahreyni added, SIG through its subsidiary PT Solusi Bangun Indonesia Tbk together with Taiheiyo Cement Corporation has completed the development project of the pier and production facilities for exports in Tuban, East Java, which is now targeted to be operational in mid-2026.

"Exports will be an important segment not only to overcome the overcapacity of the domestic industry, but also to increase utility and support stable performance growth. The completion of the development project of the pier and production facilities in Tuban is a milestone for the Company to encourage more cement exports which will generate greater margins, not only to the United States, but also other countries," said Vita Mahreyni.