Bumi Resources addresses Kideco rumor: Bumi Res stock stays below IDR 185 target

Published on 10/13/2026 at 09:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 866.80 million in the first half of 2026, up 27.90 percent. Bumi Res stock costs EUR 0.01 on October 13, 2026.

Key points in brief

Bumi Resources addressed speculation about a potential Kideco acquisition on October 13, 2026.
The company emphasized diversification beyond thermal coal as its strategic direction.
First-half 2026 revenue reached USD 866.80 million, up 27.90 percent year over year.
Bumi Res stock was EUR 0.01 at Lang & Schwarz on October 13, 2026 at 9:31 a.m. CEST.

Bumi Res, ID1000068703, Illustration mit AI erstellt.

Bumi Resources (ID1000068703) addressed speculation about a possible Kideco acquisition on October 13, 2026, while Bumi Res stock was EUR 0.01 at Lang & Schwarz at 9:31 a.m. CEST. According to Kontan, the company described the report as based on anonymous sources and said its strategy is diversification beyond thermal coal.

What does the clarification change?

The statement separates a market rumor from an announced transaction. The Kideco assets mentioned in the report are thermal-coal operations, while Bumi Resources has identified diversification beyond thermal coal as its strategic direction, according to Kontan.

That distinction matters because the rumored asset could add scale, but it could also pull capital back toward the commodity Bumi Resources says it wants to diversify beyond. The company said material corporate developments would be disclosed under applicable market rules, giving investors a formal route for confirmation.

First-half revenue rose 27.90 percent

IDXChannel reported that revenue reached USD 866.80 million in the first half of 2026, up 27.90 percent from the same period a year earlier. Net income rose 87.40 percent to USD 72.30 million from USD 38.60 million, while operating margin improved to 9.60 percent from 8.20 percent.

The operating figures provide a measurable counterweight to the acquisition discussion. Bumi Resources entered the rumor cycle with stronger first-half profitability, but the strategic value of Kideco depends on whether a thermal-coal purchase would reinforce or dilute its stated diversification path.

Three dated milestones and the next date

On September 15, 2026, MNC Sekuritas initiated coverage with a target of IDR 300, according to Indo Premier. On September 22, 2026, the first-half revenue and profit figures were reported by IDXChannel. On October 12, 2026, management clarified the Kideco speculation in a disclosure covered by Kontan.

Next reported date

The next reported date identified in current coverage is October 30, 2026, for third-quarter results, as stated by IT Boltwise. That report will provide the next operating checkpoint after the first-half margin reached 9.60 percent.

Stock stays near EUR 0.01

Bumi Res stock was trading at EUR 0.01 at Lang & Schwarz on October 13, 2026 at 9:31 a.m. CEST. On the IDX, the stock was last quoted at IDR 165 on October 13, 2026, while the 52-week range was IDR 126.00 to IDR 484.00 and market capitalization was IDR 61.3 trillion.

The further course of trading is shown by the continuously updated real-time quote of Bumi Res stock.