From Mining to Auto: Astra to Focus on 3 Businesses
Jakarta. Conglomerate Astra announced Monday its future strategies as it marked seven decades, saying that the company will focus on its three best-performing businesses.
Astra President Director Rudy named automotives, finances, as well as heavy equipment and mining as its top performers, which make up around 90% of the group’s profit.
"Overall, this strategy is expected to strengthen the quality of the business portfolio and improve capital efficiency, resulting in profit growth and added value for all stakeholders," Rudy said.
Astra had taken into account various aspects, including by studying market challenges, optimizing the strategic position, future profit potential, and investment returns.
Astra expects to not only sell new vehicles, but will also optimize the entire automotive ecosystem, which has been built over decades. This includes new and used vehicle sales, spare parts sales, and after-sales services. Astra is also backed by a customer network spread across the country.
In financial services, Astra is seeking to optimize its ecosystem through a variety of products and services for various customer segments.
Astra’s heavy equipment and mining business will put emphasis on strengthening the supply chain ecosystem and developing new growth sources.
Overall, Astra will implement a targeted business portfolio development strategy, emphasizing strategic alignment with its ecosystem and capabilities and building strategic partnerships.
Astra will strengthen discipline in capital allocation. The money will go into maintenance, consistent dividend payments, investments that provide value addition, and share buybacks at appropriate valuation levels.
Astra plans to allocate approximately Rp 8 trillion ($451.2 million) for its share buyback program over 12 months, investor.id wrote.
Performance and Social Contribution
Over the past ten years (2015-2025), Astra's net profit has more than doubled, from Rp 15 trillion in 2015 to Rp 33 trillion in 2025, a 126% increase. Dividend distribution to shareholders has also jumped 245%, from Rp 113 per share in 2015 to Rp 390 per share last year.
Astra has also earned several internal recognitions for creating a positive work environment. HR Asia named it among the best companies to work for in Asia between 2018 and 2025. Astra also ranked first place in Asia Pacific's Best Companies 2026 for employee satisfaction by TIME. Astra continues to drive improvements in the quality of life of more than 190,000 Astra employees and hundreds of thousands of employees of its partners.
Astra’s social contribution program also focuses on empowering rural communities through its flagship program: Desa Sejahtera Astra. This covers four areas: Health, Education, Entrepreneurship, and the Environment.
There are more than 1,500 Desa Sejahtera Astra villages across 35 provinces in Indonesia, with over 3 million beneficiaries. Astra said that this program aligned with its goal to “prosper together with the nation” in line with Indonesia’s sustainable development goals (SDGs).
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