Jakarta. Amman Mineral Internasional reported a sharp turnaround in the first half of 2026, posting a $498 million (Rp 8.88 trillion) net profit as copper and gold sales surged more than tenfold from a year earlier.

The Indonesian mining company recorded net sales of $2.05 billion in the six months through June, up from $182.59 million in the same period a year earlier, according to its audited financial statement.

The jump was driven by higher production and sales volumes, as well as supportive commodity prices, the company said.

Domestic sales included $430.7 million from refined copper cathodes and $311.06 million from refined gold. Export sales comprised $491.52 million of copper concentrate, $586.92 million of gold and $232.19 million of refined copper cathodes.

Cost of sales rose to $1.08 billion from $126.89 million a year earlier, while gross profit climbed to $964.15 million from $55.7 million.

Net income attributable to owners of the parent company reached $497.92 million, compared with a net loss of $148.72 million in the first half of 2025.

Amman Mineral's total assets stood at $13.8 billion as of June 30, compared with $13.87 billion at the end of 2025. Liabilities declined to $7.93 billion from $8.43 billion over the same period.

Shares of Amman Mineral, traded under the ticker AMMN, rose 0.21% to Rp4,690 at the midday break on Monday. The stock has gained 22.77% over the past three months.

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