Approval and payment schedule
Finance Director Jerry Fandy Tunjungan announced the dividend in a November 4 statement. Investor.id reported that the directors approved the distribution on November 2, 2026, with the commissioners' approval, before disclosing the plan to the Indonesia Stock Exchange on November 4.
For the regular and negotiated markets, ASSA set November 13, 2026, as the cum-dividend date. The cash market's cum-dividend date is November 16. Shareholders will be recorded for the payment at 4 p.m. Western Indonesia Time (WIB) on November 16, with the dividend scheduled to be paid on November 20.
The amount matches ASSA's previous interim distribution and continues its semiannual dividend pattern, according to StockAnalysis.com. The company paid IDR 20 per share on November 21, 2025, with an ex-dividend date of November 14, 2025. It subsequently paid a final dividend of IDR 30 per share on July 17, 2026, following an ex-dividend date of June 26.
Earnings and financing
The distribution amounts to approximately 25.25% of ASSA's IDR 292.31 billion net profit for the first nine months of 2026. The Triputra Group-affiliated company also reported IDR 1.43 trillion in unrestricted retained earnings and IDR 3.51 trillion in total equity.
For the third quarter alone, which ended September 30, 2026, net income fell 36% to IDR 91.4 billion from IDR 143.4 billion a year earlier, according to Simply Wall St. Earnings per share declined to IDR 24.76 from IDR 38.84, even as revenue increased 4.7% year over year to IDR 1.65 trillion.
Separately, ASSA signed an agreement with PT Bank Central Asia Tbk (BCA) on October 20, 2026, for an IDR 500 billion Kredit Investasi-13 credit facility, Kontan.co.id reported. The company said it would use the financing for working capital and to buy vehicles for rental to customers.
Share performance and ownership
ASSA shares gained 4.27% following the dividend announcement, reaching IDR 488 and a price-to-earnings ratio of 4.36 times. Despite that increase, the stock has been under substantial pressure since the beginning of the year. The broader Indonesia Stock Exchange Composite Index (IHSG) has also declined, returning to its lowest level since the COVID-19 pandemic.
In a separate calculation, Investor.id put the interim dividend yield at about 4.16%, using an IDR 480 share price when it reported the announcement on November 4, 2026.
PT Adi Dinamika Investindo holds ASSA's largest stake at 23.08%, followed by PT Daya Adicipta Mustika at 17.65%. TP Rachmat is the ultimate beneficial owner of the company's shares.
