INCO – Net profit gre 100% in 1Q26

INCO – Net profit gre 100% in 1Q26 Vale Indonesia (INCO) reported impressive bottom-line growth in 1Q26, with net profit reaching USD43.61 mn or equal to IDR757.5 bn (+100.1% yoy) increase from USD21.79 mn in 1Q25. Revenue grew 23.34% yoy to USD252.66 mn, despite a decrease in nickel matte production to 13,620 metric tons due to planned maintenance and the Furnace 3 rebuild. The performance was boosted by a 15% yoy recovery in average selling prices (ASP) at USD14,213 per ton and the strategic commencement of limonite ore sales from the Pomalaa block. Throughout the quarter, INCO invested USD139 mn in Capex to support its triple-block operations in Sorowako, Bahodopi, and Pomalaa. The company maintained a solid financial position with USD220.11 mn in cash and a newly signed USD750 mn Sustainability-Linked Loan (SLL). (Source : Bisnis Indonesia)