EMTEK raised Bukalapak stake. Elang Mahkota Teknologi stock sits 74.13 percent below its high

Published on 10/14/2026 at 17:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bukalapak ownership reached 45.68 percent on September 30, 2026. Elang Mahkota Teknologi stock closed at IDR 388.00 versus IDR 1,500.00 high.

Ownership and earnings timeline

Bukalapak ownership reached 45.68 percent on September 30, 2026.
Revenue totaled IDR 4.998 trillion in the second quarter of 2026, while net income was IDR 15.247 billion.
Elang Mahkota Teknologi stock closed at IDR 388.00 on October 14, 2026.

Elang Mahkota Teknologi, ID1000113905, Illustration mit AI erstellt.

PT Elang Mahkota Teknologi Tbk had raised its direct Bukalapak ownership to 10.67 percent by September 30, 2026, while its subsidiary Kreatif Media Karya lifted its holding to 45.68 percent, according to Kontan on October 12, 2026. At IDR 388.00 on October 14, 2026, the stock stood 74.13 percent below its IDR 1,500.00 52-week high.

Ownership expands at Bukalapak

Kreatif Media Karya's holding represented 47.125 billion Bukalapak shares, up from 44.90 percent a month earlier, while Elang Mahkota Teknologi held 11.01 billion shares directly. The September increase added 188.703 million shares to the parent company's position, giving the ownership change a measurable effect on the group's digital exposure.

Three dated company milestones

On May 1, 2026, MarketScreener listed a quarterly attributable loss of IDR 364.53 billion. For the quarter ended June 30, 2026, revenue reached IDR 4.998 trillion and net income was IDR 15.247 billion, according to Investing.com.

On September 30, 2026, the direct Bukalapak stake stood at 10.67 percent, compared with 10.49 percent in the preceding month, while the subsidiary held 45.68 percent. The chronology points to a broader ownership build even as quarterly earnings improved from the Q1 loss to a Q2 profit.

What changed in the latest quarter?

Revenue declined from IDR 5.815 trillion in the first quarter of 2026 to IDR 4.998 trillion in the second quarter, but net income moved from a loss of IDR 335.850 billion to profit of IDR 15.247 billion. Operating cash flow was IDR 450.494 billion in the second quarter, while free cash flow was IDR 351.785 billion, according to the quarterly financial figures.

Next reporting date

InvestPane lists October 30, 2026 as the next earnings date. That date gives the market a defined checkpoint for testing whether the Q2 earnings improvement can continue.

Stock remains below yearly high

Elang Mahkota Teknologi stock closed at IDR 388.00 on the Indonesia Stock Exchange on October 14, 2026 at 4:08 p.m. Jakarta time. The price was 74.13 percent below the IDR 1,500.00 52-week high, while market capitalization stood at IDR 23.7 trillion.

Market context: Market report IDX Composite.