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SMART Boosts Q1 Profit as Balance Sheet Strengthens Despite Lower Sales

Story Highlights
  • SMART’s total assets edged up and equity grew, while liabilities stayed stable, modestly reinforcing its overall balance sheet position.
  • First-quarter 2026 sales eased slightly, but gross and operating profits rose sharply, signaling stronger profitability despite weaker revenue.
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SMART Boosts Q1 Profit as Balance Sheet Strengthens Despite Lower Sales

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The latest announcement is out from Golden Agri-Resources ( (SG:E5H) ).

SMART reported consolidated assets of Rp 45.89 trillion as of March 31, 2026, slightly up from Rp 45.20 trillion at year-end 2025, as higher non-current assets offset stable current assets. Equity attributable to the parent rose to Rp 23.27 trillion, while total liabilities remained broadly flat at Rp 22.61 trillion, reflecting a modest strengthening of the balance sheet.

For the first quarter of 2026, net sales dipped to Rp 20.73 trillion from Rp 21.16 trillion a year earlier, but gross profit increased to Rp 2.95 trillion on improved cost dynamics. Operating profit nearly tripled to Rp 1.32 trillion, supported by better foreign-exchange movements and lower financial charges, indicating improved profitability despite softer top-line performance.

More about Golden Agri-Resources

PT Sinar Mas Agro Resources and Technology Tbk (SMART), part of Golden Agri-Resources, operates in the palm oil and agribusiness sector, producing crude palm oil, refined edible oils, and related derivative products. The company serves both domestic and export markets, supplying food manufacturers, consumer goods companies, and industrial clients across the value chain.

Average Trading Volume: 17,501,091

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$3.87B

For detailed information about E5H stock, go to TipRanks’ Stock Analysis page.

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