PT Darma Henwa Tbk (DEWA.JK) reported a 34.6% year-over-year increase in net profit for the first quarter of 2026. Net income reached IDR 92.71 billion, up from IDR 68.89 billion in the same period last year.
Sales revenue decreased slightly to IDR 1.55 trillion from IDR 1.58 trillion. Financial analysis indicates that a substantial reduction in tax expenses drove the profit growth rather than improved core operational performance.
The company plans to fully take over KPC Bengalon mining operations and increase production capacity throughout 2026. Analysts recently revised the stock's target price upward following these expansion outlooks.