Astra Otoparts Records 10.6% Profit Growth In Q1 2026 Amid EV Expansion

Astra Otoparts Records 10.6% Profit Growth in Q1 2026 Amid EV Expansion

April 22, 2026 8:35 PM . 3 min read

JAKARTA, Jakartawekly.com – Navigating a shifting automotive landscape, PT Astra Otoparts Tbk (“the Company”) closed the first quarter of 2026 with a resilient performance, bolstered by steady growth in both consolidated revenue and net profit.

The Company’s revenue for Q1 2026 reached Rp5.3 trillion, a 7.4% increase from the Rp4.9 trillion recorded in the same period last year. Net profit followed suit, rising 10.6% year-on-year to Rp558.9 billion, up from Rp505.6 billion in Q1 2025.

This growth was fueled by robust demand across the Aftermarket and Original Equipment Manufacturer (OEM) sectors, complemented by stable export contributions. The results underscore the Company’s business agility, supported by a diversified product portfolio and an extensive distribution network.

“The Company has started 2026 with resilience despite the dynamics of the automotive industry,” stated Yusak Kristian Solaeman, President Director of Astra Otoparts. “Our Q1 performance reflects strong business fundamentals and a balanced contribution from our manufacturing and trading segments in both domestic and international markets.”

The Company’s balance sheet remains formidable, with total assets rising 4.2% to Rp23.6 trillion. Equity also saw a 3.1% uptick to Rp17.5 trillion, providing a solid financial foundation for ongoing operations and sustainable expansion.

Manufacturing: Electrification and Diversification

The manufacturing segment recorded Rp2.7 trillion in revenue, a 2.5% increase year-on-year. This was primarily driven by higher demand from OEM partners—particularly in the two-wheeler (2W) segment—and a strengthening product portfolio for both 2W and four-wheeler (4W) vehicles.

In line with long-term growth strategies, Astra Otoparts continues to pivot toward the Electric Vehicle (xEV) sector. The Company is developing both general and specific parts for EVs and produces its own battery charging machines under the ALTRO brand.

Beyond automotive, the Company is aggressively diversifying into non-automotive industries, including medical devices and heavy equipment components, to ensure long-term resilience against market volatility.

Trading: Lebaran Surge and Retail Expansion

The trading segment saw a significant 13.1% jump in revenue, reaching Rp2.6 trillion. This surge was attributed to strong domestic aftermarket demand and the strategic expansion of the Company’s retail and distribution footprint.

Growth in this segment was further accelerated by the Lebaran (Eid al-Fitr) holiday in March 2026. The festive period led to a spike in vehicle servicing and component replacements as Indonesians prepared for the mudik (homecoming) travel season.

Building the EV Ecosystem

Astra Otoparts is also positioning itself as a key player in Indonesia’s green transition through Astra Otopower. By the end of Q1 2026, the Company had deployed 69 EV charging units across 59 locations throughout Indonesia, furthering its commitment to the national electric vehicle ecosystem.

Looking ahead, Astra Otoparts aims to maintain its momentum throughout 2026 by strengthening its distribution networks, expanding its modern retail presence, and pursuing aggressive growth in both domestic and export markets.