HMSP - Lower taxes expected to boost 2026 earnings

HMSP - Lower taxes expected to boost 2026 earnings Hanjaya Mandala Sampoerna (HMSP) is expected to see stronger financial performance in 2026, supported by government policies that ease pressure on the tobacco industry. HMSP’s net profit is projected to grow 41% yoy in 2026 to IDR8.07 tn, up from an estimated IDR5.71 tn in 2025. Revenue is also expected to climb to IDR122.11 tn from IDR117.32 tn. The increase is supported by a more stable excise tax policy (CHT), potential retail price adjustments, and rising cigarette sales. (Source : Kontan)