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Jardine Matheson Holdings Ltd on Friday noted the release of annual results, which included lower revenue and profit, from PT Astra International TBK. Jardine Matheson is a Hong Kong-based holding company with interests in retail, property, hotels and motor dealerships. Its 85.5%-owned subsidiary, Jardine Cycle & Carriage Ltd, holds 50.1% of PT Astra. The Indonesian firm has businesses across various sectors, including coal, gold, mining services and motor vehicles. PT Astra reported net income of Rp32.769 trillion in 2025, around £1.44 billion, down 3% from Rp33.901 trillion in 2024. Net revenue decreased 2% to Rp323.392 trillion from Rp328.480 trillion. The firm also declared a final dividend of Rp292 per share for the year, down from Rp308 per share. Net earnings per share decreased 3% to Rp810 from Rp837. NAV per share, however, rose 8% to Rp5,692 at December 31, from Rp5,278 one year prior. ‘In 2025, the group’s earnings declined mainly due to lower coal prices and a weak new car market,’ commented PT Astra’s President Director Djony Tjondro. ‘However, the group’s business performance remained resilient, supported by good contribution from its other businesses. ‘Looking ahead, while the operating environment of some of our businesses may remain challenging, we expect overall consumer sentiment to improve. Astra will remain focused on operational excellence and disciplined capital allocation, leveraging our strong balance sheet to support sustainable value creation for our stakeholders.’ PT Astra also said it has completed a ‘second tranche share buyback programme’, worth Rp685 billion in total, and that its strategic review is in progress. It expects to announce the review’s findings in ‘the latter part of the first half of 2026.’ PT Astra previously completed an Rp2 trillion share buyback in January. Jardine Matheson shares were flat at $58.38 in London on Friday. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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