PT Astra International Tbk reported that net revenue for the three months to Mar, 31 2026 slipped 6% year on year to about S$7.2 billion, while net profit attributable to shareholders dropped 16% to roughly S$532 million. Earnings per share fell to Rp146 from Rp171.
Excluding one-off items and fair-value adjustments of Rp964 billion (approximately S$88 million), core net profit declined 8% to around S$620 million and core EPS eased 7% to Rp170. Management cited a sharply lower contribution from the Heavy Equipment, Mining, Construction & Energy division—hit by minimal gold sales and softer heavy-equipment demand—as the main drag.
By segment, Heavy Equipment, Mining, Construction & Energy profit slumped 79% to about S$37 million; stripping out Rp723 billion (c.S$66 million) of non-recurring charges, the division’s earnings were still down 42% to roughly S$100 million. Automotive & Mobility earnings edged 4% higher to about S$215 million, supported by better component and mobility businesses. Financial Services profit grew 6% to approximately S$206 million on larger loan portfolios, while Agribusiness, Infrastructure, Information Technology and Property posted year-on-year profit rises of 35%, 32%, 47% and 145% respectively.
Group net asset value per share increased 2% to Rp5,810 as at Mar, 31 2026. Excluding the financial-services units, Astra moved to a net debt position of Rp1.8 trillion (about S$164 million) from net cash at end-2025, reflecting the acquisition of gold miner Arafura Surya Alam and recent share repurchases.
Continuing its shareholder-return strategy, Astra launched a third share-buyback programme of up to Rp2.0 trillion (around S$182 million) running from Mar, 16 to Jun, 15 2026. Since Nov 2025 the company has repurchased Rp2.7 trillion (circa S$246 million) of its own shares. Subsidiary United Tractors has also bought back Rp3.0 trillion (about S$273 million) of shares and commenced another Rp2.0 trillion (S$182 million) programme on Apr, 1 2026.
President Director Rudy said market conditions remain challenging amid geopolitical tensions but affirmed the group will “continue to navigate near-term challenges with prudence and discipline” while focusing on stakeholder value.