Bumi Resources named Kideco candidate as Bumi Res stock holds EUR 0.01

Published on 10/09/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bumi Resources was named a Kideco bidder on October 9, 2026. Bumi Res stock costs EUR 0.01 after EUR 0.01, unchanged.

Key points in brief

Bumi Resources was named as a leading candidate to acquire Kideco on October 9, 2026.
First-half 2026 revenue reached USD 866.80 million, up 27.90 percent year over year.
Bumi Res stock was unchanged at EUR 0.01 at Lang & Schwarz, with market capitalization of IDR 66.8 trillion.

Bumi Res, ID1000068703, Illustration mit AI erstellt.

Bumi Resources was named as a leading candidate to acquire Kideco on October 9, 2026, while Bumi Res stock held at EUR 0.01. As RCTI Plus reported, BUMI was considered the strongest candidate for PT Kideco Jaya Agung, with the possible transaction valued at more than USD 1.00 billion. The report also said BUMI declined to comment on the market speculation.

Three dates define the earnings path

For the quarter ended March 31, 2026, revenue reached USD 417.70 million and net income was USD 24.10 million, according to Quartr. For the six months ended June 30, 2026, revenue rose to USD 866.80 million from USD 677.90 million, a 27.90 percent year-over-year increase, according to Quartr. On October 9, 2026, the Kideco report introduced a potential transaction valued above USD 1.00 billion.

What does diversification mean?

The first-half figures show why a Kideco deal would fit BUMI's stated expansion direction. Quartr reported operating profit of USD 83.10 million for the six months ended June 30, 2026, versus USD 55.30 million in the prior-year period. Net income attributable to owners reached USD 58.90 million, compared with USD 20.40 million a year earlier. The figures give the acquisition speculation a measurable operating backdrop, but the report describes the deal as a possible transaction rather than a completed purchase.

Next reporting date

Quartr lists October 30, 2026, for Bumi Resources third-quarter 2026 earnings. That date gives investors the next scheduled checkpoint for production, sales and the financial effect of the company's diversification program.

Stock holds at EUR 0.01

Bumi Res stock was trading at EUR 0.01 at Lang & Schwarz on October 9, 2026 at 11:48 a.m. CEST, unchanged at 0.00 percent versus the prior close of EUR 0.01 on October 8, 2026. On the Indonesia Stock Exchange, BUMI was quoted at IDR 180 on October 9, 2026, while its 52-week range was IDR 126 to IDR 484 and market capitalization was IDR 66.8 trillion. The further course of trading is shown by the continuously updated real-time quote of Bumi Res stock.