Astra (ASII) Earnings: Agribusiness Outperforms as Group Profit Hits Rp24.7 Trillion
Key Takeaways
|
JAKARTA, Investortrust.id – PT Astra International Tbk, one of Indonesia’s largest industrial conglomerates, has reported consolidated revenue of Rp 243.6 trillion and net profit of Rp 24.7 trillion through the third quarter of 2025. The figure excludes fair value adjustments from its investments in GoTo and Hermina hospitals.
Agribusiness emerged as Astra’s best-performing division, driven by its plantation arm PT Astra Agro Lestari Tbk, or AALI. The subsidiary recorded a 34% year-on-year increase in net profit to Rp 853 billion during January–September 2025. The gain was supported by a 14% rise in crude palm oil (CPO) prices to Rp 14,277 per kilogram and a similar 14% jump in sales volume to 1.4 million tons of CPO and its derivatives.
Infrastructure also delivered a strong performance, with profit up 28% year on year to Rp 935 billion. Astra management attributed the increase to higher toll tariffs and traffic volumes across its operational routes spanning 396 kilometers of toll roads along the Trans-Java network and Jakarta’s outer ring road.
The technology segment, represented by PT Astra Graphia Tbk, or ASGR, posted a 20% rise in net profit to Rp 139 billion, fueled by growth in information-technology solutions and higher operating margins. Astra International owns 76.9% of ASGR shares.
Other business lines, including financial services, property, and automotive and mobility, booked net profit increases of 8%, 1%, and 1% respectively. However, the heavy equipment, mining, construction, and energy division saw a 26% drop in profit compared with the same period last year, mainly due to lower commodity prices.
In the automotive sector, Astra’s car sales rebounded sequentially over the past three months, maintaining market share between 50% and 53%. Despite a year-on-year decline of around 16.9% to 357,802 units through the first nine months of 2025, monthly performance improved. Car sales reached 33,535 units in September 2025, up from 30,558 units in August and 31,772 units in July. The strongest monthly result this year was recorded in February, when Astra sold 38,546 units, followed by March with 37,735 units.
Valuation and Outlook
According to InvestingPro data, Astra International’s shares closed at Rp 6,150 on Friday, down 1.99% for the day. The stock trades within a 52-week range of Rp 4,370 to Rp 6,725. InvestingPro’s fair value estimate averages Rp 8,891, implying 44.6% upside potential from current levels. The platform notes low valuation uncertainty and ranks Astra’s financial health among the strongest in Indonesia’s industrial sector, supported by high shareholder yield and consistent dividend payouts.
Analyst consensus from 21 analysts places the average price target at Rp 5,853, while InvestingPro models suggest a market range between Rp 7,289 and Rp 10,898. Despite modest near-term earnings growth, Astra continues to deliver strong cash flow and profitability, making it a key defensive play in Indonesia’s cyclical market.
Disclaimer: All financial and valuation data in this article are sourced from Astra International’s Q3 2025 financial statements and InvestingPro metrics accessed on Nov 2, 2025. Market prices, analyst targets, and fair value estimates may change as new information becomes available. Investortrust does not guarantee the accuracy or timeliness of third-party data.