Darma Henwa delays Gayo drilling and Darma Henwa stock costs EUR 0.02

Published on 10/15/2026 at 11:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Exploration stopped at 31,485.75 meters in the third quarter of 2026. Darma Henwa stock costs EUR 0.02 on October 15, 2026.

Operational timing and valuation

Exploration drilling stood at 31,485.75 meters at the end of the third quarter of 2026 on October 14, 2026.
First-half 2026 revenue reached IDR 3.21 trillion, up 3.00 percent, while gross margin reached 20.70 percent.
Darma Henwa stock traded at EUR 0.02 at 11:14 a.m. CEST at Lang & Schwarz on October 15, 2026.

Darma Henwa, ID1000107303, Illustration mit AI erstellt.

Darma Henwa (ID1000107303) stock was trading at EUR 0.02 at Lang & Schwarz on October 15, 2026, at 11:14 a.m. CEST. IDXChannel reported on October 14, 2026, that the company's Gayo exploration program recorded no additional drilling in the third quarter because of unresolved mining permits.

Exploration progress remains measured

The project-to-date drilling total in Upper Tangkereng and Southeast Tangkereng remained 31,485.75 meters at the end of the third quarter of 2026, unchanged from the end of the second quarter, according to IDXChannel. The company plans to accelerate the extension of the exploration permit and pursue an operating-production permit before restarting phase 2B drilling.

The delay affects a project that had already accumulated 102 drill holes. Investor.id reported that SRK Consulting conducted its first site visit in September 2026 for work connected with an independent JORC resource audit.

What does the permit delay mean?

The operating picture is mixed. Rikopedia reported that first-half 2026 revenue rose 3.00 percent to IDR 3.21 trillion, while gross margin reached 20.70 percent in the second quarter of 2026. The report also said in-house fleet use rose to 89.00 percent, suggesting that operating efficiency improved even as exploration activity was held back by permitting.

Three dates frame the story

On September 2026, SRK Consulting made its first site visit for the resource audit, according to Investor.id. On October 9, 2026, BNI Sekuritas assigned DEWA a target area of IDR 364.00 to IDR 376.00, as reported by Liputan6. On October 14, 2026, the third-quarter report showed that drilling remained at 31,485.75 meters because the permit process was unfinished.

Upcoming reporting checkpoint

The next two dates are operational and financial. The geological database was targeted for readiness by the end of October 2026, while Investing.com lists December 2, 2026, as the next earnings date. For investors, the key issue is whether permit progress can convert the improved margin profile into renewed drilling activity.

Stock stays at a small euro quote

Darma Henwa stock was trading at EUR 0.02 at Lang & Schwarz on October 15, 2026, at 11:14 a.m. CEST. A dated Xetra close could not be established for the German reference base, so no daily percentage comparison is stated.

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