CITA Reports 36.9% Sales Growth in H1 2026, Expands Downstream Aluminium Investments Amid Profit Drop

Published: Aug 3, 2026 14:36

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[SMM Aluminum Express News] PT Cita Mineral Investindo (CITA) reported a 36.9% year-on-year increase in net sales to IDR 1.91 trillion in the first half of 2026, driven by stronger bauxite sales, while net cash from operating activities rose 33.1% to IDR 428.0 billion. However, net profit attributable to shareholders fell 62.1% to IDR 625.8 billion, primarily due to lower earnings from its 12.5% stake in PT Well Harvest Winning Alumina Refinery (WHWAR). CITA continued expanding its downstream aluminium investments during the period, injecting an additional IDR 99.1 billion into WHWAR to maintain its 12.5% interest, while retaining a 16% stake in PT Kalimantan Aluminium Industry (KAI). As of 30 June 2026, the company's investments in WHWAR, KAI and related downstream projects accounted for nearly 40% of total assets, highlighting its growing exposure to Indonesia's alumina and aluminium value chain.

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