Heavy Equipment Sector Shows Resilience in Q3 2025

Mixed Performance Across Industry Players

The heavy equipment industry in Indonesia demonstrated varied financial performance through the third quarter of 2025. While mining remained the primary driver, there are emerging opportunities in other sectors such as plantations and forestry.

United Tractors Leads with Strong Sales Growth

PT United Tractors Tbk (UNTR), part of the Astra Group, reported significant growth in its heavy equipment sales. The company's revenue from this business segment rose 11% year-on-year to Rp 29.3 trillion, representing 29.16% of its total consolidated revenue of Rp 100.46 trillion for the nine months ending September 2025. The strong performance was primarily driven by the sales of Komatsu heavy equipment, which increased by 10% from 3,321 units to 3,653 units.

Sectoral Breakdown and Future Prospects

The mining sector continued to be the mainstay, accounting for 63% of total Komatsu heavy equipment sales. While this dominance persists, there are positive signs of diversification into other industries. The potential growth in sectors like plantations and forestry could provide additional momentum for the heavy equipment industry in the coming periods.

Market Implications

The performance of heavy equipment companies like United Tractors indicates the ongoing demand in traditional sectors while signaling potential expansion into new areas. This diversification could help mitigate risks associated with commodity price fluctuations and create more stable growth prospects for industry players.