Semen Indonesia stock reports a 471.00 percent profit surge

Semen Indonesia stock posted attributable profit of IDR 228.25 billion in the first half of 2026, up 471.00 percent year over year, according to RRI on September 10, 2026. The latest operating angle is a September 29, 2026 report on biomass use at the Tuban plant, which links alternative fuels to lower fossil-fuel dependence, as Kontan reported.

Profit outpaced volume growth

Revenue reached IDR 17.65 trillion in H1 2026, an increase of 13.10 percent from the same period a year earlier. Sales volume rose 5.60 percent to 18.28 million metric tons, while domestic volume climbed 9.70 percent to 14.18 million metric tons, RRI reported on September 10, 2026.

The earnings mix was stronger than the volume increase. EBITDA grew 2.60 percent to IDR 2.15 trillion, net income rose 445.90 percent to IDR 207.00 billion, and profit attributable to owners increased 471.00 percent to IDR 228.00 billion, according to RRI on September 10, 2026.

Merger deadline reaches September 30

Semen Indonesia is also streamlining its group structure. Two conditional merger agreements signed on August 21, 2026 cover the consolidation of concrete businesses into Varia Usaha Beton and several distribution and service entities into Semen Indonesia Distributor, according to Kontan on September 2, 2026. The agreements set September 30, 2026 as the deadline for preliminary conditions unless extended.

Analyst views in the same September 2, 2026 report put the valuation debate in concrete terms. Elandry Pratama of Panin Sekuritas recommended accumulate on weakness with a target of IDR 2,100.00, while Mirae Asset Sekuritas analyst Nafan Aji Gusta gave a hold recommendation with a target of IDR 1,825.00, according to Kontan.

Stock remains below yearly high

On the Indonesia Stock Exchange, SMGR was last at IDR 1,495.00 on September 30, 2026 at 11:59 a.m. WIB, with a market capitalization of IDR 10.1 trillion and a 52-week range of IDR 1,380.00 to IDR 3,260.00. The prior close at Lang & Schwarz was EUR 0.07 on September 28, 2026.