RMKE posts 2.4-fold revenue growth in Q1 as hauling road boosts performance
Monday, May 4 2026 - 07:17 AM WIB
By Romel S. Gurky
PT RMK Energy Tbk (IDX: RMKE) reported a sharp rise in revenue in the first quarter of 2026, driven by strong coal trading activity and the growing contribution of its private hauling road infrastructure.
The South Sumatra-based coal logistics, mining and trading company booked operating revenue of Rp 815.6 billion in the January–March period, up 2.4 times from Rp 336.85 billion a year earlier, according to its latest press release.
The increase was supported by solid growth in both coal sales and service segments, following the full operation of the group’s private hauling road since 2025.
RMKE recorded coal sales volume of 1.0 million tons in the first quarter, marking a 3.8-fold increase year-on-year. The average selling price also rose 5.6% to Rp 611,396 per ton.
The company attributed the growth to its strategy of expanding its customer base, including sourcing coal from new suppliers directly connected to its logistics network. This approach has enabled RMKE to scale up trading volumes while benefiting from firmer coal prices.
The hauling road segment emerged as a key growth driver, with service volumes jumping 5.4 times to 470,200 tons, compared with 86,400 tons in the same period last year.
Read also : RMK Energy profit slips in 2025 despite strong fourth-quarter rebound
The expansion comes as regional regulations banning the use of public roads for coal transport took effect on January 1, 2026, positioning RMKE’s private hauling road as critical infrastructure for coal distribution in the region.
Meanwhile, barge loading volumes declined 14.4% year-on-year to 1.7 million tons, weighed by seasonal factors including extreme weather, early-year administrative processes for work plans and budgets (RKAB), and a higher number of public holidays. However, the decline was largely offset by the strong contribution from hauling services.
Despite the operational headwinds, RMKE posted gross profit of Rp 101.2 billion, up 19.6% from a year earlier. The services segment accounted for 79% of gross profit, while coal sales contributed 21%.
Net profit rose 8.2% year-on-year to Rp 55.7 billion, reflecting improved operational efficiency and a balanced revenue mix. The company also maintained a healthy financial position, with a debt-to-equity ratio of 0.54 times.
President Director Vincent Saputra said the company’s performance reflects the strength of its integrated upstream-to-downstream strategy, noting that a significant portion of sales growth was driven by global buyers, including Glencore International AG.
Chief Financial Officer Edwin added that the hauling road has become a strategic asset, particularly during the early-year low season and following the implementation of the public road ban.
“With a solid foundation and improving weather conditions, we are on track to achieve this year’s targets and capture long-term opportunities,” he said.
Editing by Reiner Simanjuntak