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2026-11-01T09:11:46

Spindo (ISSP) Q3 2026 Profit Hits Record Rp234 Billion, Up 50%

钢管企业Spindo（ISSP）2026年三季度净利2,340亿印尼盾，创单季新高

Spindo ISSP profit (PT Steel Pipe Industry of Indonesia Tbk) reached Rp234 billion in the third quarter of 2026, up 50% year on year and 44% quarter on quarter, according to a Stockbit Investment Research brief published on 27 October 2026. It is the highest quarterly profit in the company's history. Growth was driven by revenue of about Rp1.7 trillion and a gross margin that widened to 23%.

Key Facts

Breaking down Spindo ISSP profit in Q3 2026

Steel Pipe Industry of Indonesia, known by its Spindo brand, is one of Indonesia's large steel pipe makers. Its products are used for water installations, building frames, fences, canopies and industrial projects. According to Stockbit, nine-month 2026 net profit of Rp475 billion already equals 84% of Stockbit's full-year 2026 estimate.

Two main factors drove the third-quarter increase. First, revenue rose to about Rp1.7 trillion. Second, gross margin widened to 23% from 19% a year earlier. That margin is slightly below the 24% of Q2 2026 but still well above last year. The company scheduled a nine-month earnings call for 28 October 2026.

Why margins matter to buyers

A higher gross margin can come from better selling prices, lower raw material costs or a more profitable product mix. The Stockbit brief does not say which factor was largest, so buyers should not conclude that store prices for pipe will definitely rise or fall. What can be read is that steel pipe demand is strong enough to support sales volumes.

What it means for projects and steel pipe buyers

For contractors and homeowners, a healthy producer usually means steadier supply. But store prices for steel pipe and hollow sections still depend on global steel prices, the rupiah exchange rate and delivery costs. Points to check when buying:

  • Wall thickness: ask for the thickness printed on the label or mill document, not just the diameter.
  • Galvanised coating: for outdoor and wet areas, galvanised pipe resists rust better than black pipe.
  • SNI documents: for steel products that require SNI, keep a copy of the supplier's certificate.
  • Length and delivery: 6-metre pipes need a suitable vehicle, so ask about delivery costs early.

For projects with many pipe sizes, list requirements by diameter and thickness, then request quotations from several suppliers at once. This makes it easier to compare prices per length and per kilogram.

Steel and construction context

ISSP's results come during the year-end work season, when many projects race against deadlines. Other building material companies reporting for the same period also showed improving demand, although some are wary of cost pressure in Q4. homeX, an integrated building materials and furniture platform in Indonesia with showroom, warehousing and delivery, helps buyers compare pipe, hollow sections and other steel materials from several suppliers.

Spindo ISSP profit: related articles and products

FAQ

How much profit did Spindo ISSP make in Q3 2026? ISSP booked net profit of Rp234 billion in Q3 2026, up 50% YoY, and Rp475 billion for the first nine months.

What is ISSP? ISSP is the stock code of PT Steel Pipe Industry of Indonesia Tbk, a steel pipe producer that uses the Spindo brand.

Will steel pipe prices rise? Profit reports do not set store prices directly. Prices still follow steel costs, exchange rates and freight, so compare fresh quotes from several suppliers.

For building and renovation material needs, reach the homeX team on WhatsApp +62 821 1818 998, by email at homex9998@gmail.com or through our contact page.

Sources: Stockbit Snips, 27 Oct 2026 (ISSP financial statements)