Key insights and market outlook
PT Samator Indo Gas Tbk (AGII) is poised for significant growth in 2026, driven by strong demand for industrial gases. The company projects revenue growth 2-2.5 times the national economic growth and net profit increase of 15-20%. As of Q3 2025, AGII reported Rp 2.21 trillion revenue, a 4% YoY growth, while net profit declined 25.6% YoY to Rp 63.86 billion due to higher operational and financial costs. EBITDA rose 3.1% YoY to Rp 640.76 billion with a healthy 29% EBITDA margin.
PT Samator Indo Gas Tbk (AGII), a leading industrial gas provider in Indonesia, is aggressively planning to boost its performance in 2026. The company is capitalizing on the anticipated high demand for industrial gases across various sectors. AGII management projects that the company's revenue growth will significantly outpace the national economic growth, forecasting an increase 2 to 2.5 times the national economic growth rate. This optimistic projection is supported by the growing industrial sector's needs for gas supplies.
As of the third quarter of 2025, AGII reported a 4% year-on-year revenue growth, reaching Rp 2.21 trillion. Despite the positive top-line growth, the company's net profit declined by 25.6% year-on-year to Rp 63.86 billion. This decrease was primarily attributed to the significant rise in operational and financial expenses during the period.
On a more positive note, AGII's EBITDA showed resilience with a 3.1% year-on-year increase to Rp 640.76 billion. The company maintained a robust EBITDA margin of 29% as of the end of Q3 2025, indicating strong operational efficiency. This performance underscores AGII's ability to generate cash and invest in growth opportunities despite the challenges faced in the bottom line.
Looking ahead to 2026, AGII is confident about achieving substantial growth. The management expects net profit to increase by 15% to 20%, driven by continued demand for industrial gases and potential operational efficiencies. The company's strategic focus on capacity expansion and cost management is expected to support these growth targets. With its solid financial foundation and growth prospects, AGII is well-positioned to capitalize on the opportunities in the industrial gas market.
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