PT United Tractors Tbk (UNTR) reported a 48% decline in underlying net profit for the first half of 2026. Net profit fell to Rp 4.3 trillion from Rp 8.2 trillion in the same period last year. Consolidated net revenue decreased 15% to Rp 58.3 trillion.
Weaker performance in gold and coal segments drove the earnings decline. Gold sales from the Martabe mine fell sharply following a temporary operational halt. PT Agincourt Resources has since resumed operations at the site.
Lower national coal production quotas (RKAB) for 2026 impacted mining and heavy equipment divisions. Sales of Komatsu equipment dropped 27% during the first half.