Semen Indonesia stock: Profit jumps 363% through September

Semen Indonesia reported a sharp earnings recovery for the first nine months of 2026 as higher sales, operating discipline and lower finance costs supported profitability. Bisnis.com reported on November 2 that net income reached IDR 532 billion through September, while revenue rose to IDR 27.67 trillion.

Sales growth supports earnings

Revenue increased 9.3 percent year over year, while EBITDA rose 8.4 percent to IDR 3.56 trillion. Cement and related product sales reached 27.87 million tonnes, with domestic sales up 4.2 percent to 22.27 million tonnes.

Cost of revenue increased less than sales, and net finance costs fell 37 percent year over year. Management said operational improvement and tighter financial control helped protect profitability despite higher energy costs and excess capacity in Indonesia's cement market.

Exports target excess capacity

Semen Indonesia plans to rely on domestic demand and exports through the rest of 2026. The company cited housing, infrastructure, industrial investment and downstream development as potential demand drivers, while exports can improve plant utilization.

Through subsidiary Solusi Bangun Indonesia, the group had exported more than 300,000 tonnes of specialty cement to the United States since June 2026 under a partnership with Taiheiyo Cement. The group is also streamlining subsidiaries and developing lower-emission cement products.

Semen Indonesia stock traded at 0.08 euros on Lang & Schwarz at 22:59 CET on Tuesday, November 10, 2026.

Indonesia's cement industry faces excess capacity and energy cost pressure, while construction activity and infrastructure investment remain potential demand supports. Current market reports provide broader market context.

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