Argha Karya Prima nine-month net profit rises 35-fold to IDR 110.75bn

PT Argha Karya Prima Industry Tbk, an Indonesian plastic packaging and speciality chemicals producer, reported net profit attributable to owners of IDR 110.75bn for the nine months to 30 September 2026, up from IDR 3.16bn a year earlier, on net sales of IDR 2.77 trillion, up 24% year on year. Operating cash flow fell to IDR 43.47bn from IDR 146.97bn as trade receivables rose to IDR 958.62bn from IDR 638.46bn and short-term bank borrowings increased to IDR 911.84bn from IDR 786.85bn.

Why this mattersA sharp swing to profit alongside shrinking operating cash flow signals improving core margins but rising working-capital and debt pressure at the company.

• Nine-month net profit attributable to owners rose to IDR 110.75bn from IDR 3.16bn a year earlier
• Net sales grew 24% to IDR 2.77 trillion from IDR 2.23 trillion
• Operating profit more than tripled to IDR 208.48bn from IDR 62.99bn
• Operating cash flow fell to IDR 43.47bn from IDR 146.97bn as trade receivables rose to IDR 958.62bn
• Short-term bank borrowings rose to IDR 911.84bn from IDR 786.85bn at end-2025
• Total assets stood at IDR 4.07 trillion as of 30 September 2026, up from IDR 3.64 trillion at end-2025

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