Gudang Garam reports profit recovery as Gudang Garam stock sits 17.87 percent below its high

Gudang Garam stock sat 17.87 percent below its 52-week high on October 12, 2026, as the company reported a sharp first-half profit recovery despite lower revenue. Investor.id reported on October 11, 2026, that first-half net income reached IDR 2.98 trillion, up 2,440.00 percent year over year, while revenue declined 7.20 percent.

Three results dates show the shift

On July 23, 2026, Gudang Garam paid an IDR 800 per-share dividend for fiscal year 2025, according to the company's investor information. On June 30, 2026, the second quarter produced IDR 21.06 trillion in revenue and IDR 1.44 trillion in net income, according to the same investor materials. On October 11, 2026, Investor.id highlighted first-half operating profit of IDR 3.90 trillion, a 659.60 percent increase from the comparable period.

What drove the profit recovery?

The improvement came with a weaker sales base. First-half revenue fell to IDR 41.18 trillion, while cigarette volume declined 13.60 percent to 20.50 billion sticks, according to Investor.id.

At the same time, the gross margin increased from 8.50 percent to 14.50 percent. Lower excise, value-added tax and cigarette-tax costs helped offset the volume decline, while second-quarter net income of IDR 1.44 trillion was 6.50 percent below the first quarter's IDR 1.54 trillion.

Stock remains below its yearly high

The finance snapshot placed Gudang Garam at IDR 17,925 on the Indonesia Stock Exchange on October 12, 2026, against a 52-week range of IDR 11,275 to IDR 21,825. The 17.87 percent gap to the high shows that the market value has recovered from its low but remains below the year's peak.

The last available Lang & Schwarz quote stood at EUR 0.90 on October 12, 2026 at 10:59 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Gudang Garam stock.

Market context: Market report IDX Composite.

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