Bumi Resources clarifies Kideco rumor involving Bumi Resources stock

Published on 10/22/2026 at 11:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 27.90 percent to USD 866.80 million. Bumi Resources stock costs EUR 0.01 on October 22, 2026 and profit reached USD 59.00 million.

Kideco clarification and diversification

Bumi Resources addressed the Kideco acquisition report on October 12, 2026.
First-half 2026 revenue rose 27.90 percent to USD 866.80 million.
Bumi Resources stock traded at EUR 0.01 at 11:15 a.m. CEST at Lang & Schwarz on October 22, 2026.

Bumi Res, ID1000068703, Illustration mit AI erstellt.

Bumi Resources (ISIN ID1000068703) clarified on October 12, 2026 that a report naming it as a potential Kideco buyer relied on unidentified sources, according to Liputan6. Management said Kideco is a thermal coal asset, while its stated strategy is to diversify beyond thermal coal.

Rumor meets a broader strategy

The clarification matters because Bumi Resources has been expanding beyond its traditional coal base. On September 4, 2026, its Australian subsidiary acquired all 175.71 million shares of Loyal Metals for AUD 79.07 million, according to Kontan. The transaction gives the group exposure to copper, gold and critical minerals.

What does diversification change?

The financial data show why management is pursuing that route. In the first half of 2026, revenue increased 27.90 percent year over year to USD 866.80 million, while pretax profit rose 102.50 percent to USD 104.30 million, Kompas.com reported on September 22, 2026. The revenue gain was therefore accompanied by a sharper increase in pretax profit.

Three dated developments

On June 29, 2026, Bumi Resources completed a 3.03 percent divestment in Citra Palu Mineral for USD 9.06 million, as reported by Liputan6. The Loyal Metals acquisition followed on September 4 for AUD 79.07 million. The Kideco clarification was dated October 12 and included a Jakarta close of IDR 167.00.

Stock price and investor context

For investors, the latest corporate message points to a distinction between confirmed transactions and market speculation. The confirmed Loyal Metals deal carries a stated amount and completion date, while the Kideco report remained a clarification rather than a disclosed acquisition.

Bumi Resources was trading at EUR 0.01 at Lang & Schwarz on October 22, 2026 at 11:15 a.m. CEST. The company's primary listing is on the Indonesia Stock Exchange, where structured market data showed market capitalization of IDR 51.6 trillion as of October 22, 2026.

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