PT Astra International (ASII) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was Rp5,850bn, down 16% year-over-year, mainly due to minimal gold mining contribution, lower heavy equipment volumes, and several non-recurring charges.

• Excluding non-recurring charges, net income was Rp6,814bn, down 8% year-over-year.

• Net revenue for Q1 2026 was Rp78.7 trillion, down 5.6% year-over-year.

• Total assets reached Rp517.8 trillion as of 31 March 2026, up from Rp507.4 trillion at year-end 2025.

• Announced a third tranche of Rp2.0 trillion share buyback program, reflecting management's confidence in future prospects.

Financial highlights

• Earnings per share decreased by 15% to Rp146; excluding non-recurring charges, EPS was Rp170, down 7%.

• Gross profit fell to Rp15.5 trillion from Rp17.1 trillion year-over-year.

• Operating profit dropped 32% to Rp6,310bn.

• Net cash flows from operating activities were Rp6,274bn, down from Rp13,381bn in Q1 2025.

• Net debt (excluding Financial Services) was Rp1.8 trillion at March 2026, compared to net cash of Rp7.2 trillion at December 2025.

Outlook and guidance

• Share buyback programs initiated in March and April 2026 signal confidence in sustainable cash flows and support for capital market stability.

• Management expects no significant impact from OECD Pillar Two tax rules due to effective tax rates above 15% in most jurisdictions.