Jardine Cycle & Carriage (C07) Q3 2026 TU earnings summary

Executive summary

• Nine-month net income excluding non-recurring items was stable at Rp24.6tn; reported net income fell 12% to Rp21.6tn after Rp3.0tn of non-recurring items.

• Performance improved in Q3, supported by higher mining services volumes, Martabe gold mine’s production resumption and continued Automotive growth.

Financial highlights

• Nine-month revenue was Rp243.9tn, stable YoY; net income excluding non-recurring items was Rp24.565tn versus Rp24.717tn.

• Reported net income was Rp21.602tn, down 12% YoY; EPS excluding non-recurring items rose 1% to Rp616, while reported EPS fell 11% to Rp541.

• Shareholders’ funds were Rp238.1tn at September 30, up 4% from December 2025; net asset value per share rose 5% to Rp5,999.

Outlook and guidance

• Q4 performance expected to remain supported by higher mining services volumes, Martabe’s resumed production and continued Automotive growth.

• Priorities include operational efficiency, maintaining a strong balance sheet and pursuing selective growth opportunities amid market volatility.