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2026-11-01T09:24:07

Cahayaputra Asa Keramik (CAKK) Cuts 9M 2026 Loss 89% as Revenue Doubles

瓷砖企业Cahayaputra Asa Keramik（CAKK）前9月亏损收窄89%，营收翻倍

CAKK loss (PT Cahayaputra Asa Keramik Tbk) for the first nine months of 2026 shrank 89% to Rp3.39 billion from Rp30.22 billion a year earlier, according to financial statements summarised by The Signal on 28 October 2026. Net revenue more than doubled to Rp505.4 billion and operating profit turned positive. But trade receivables and bank debt also rose sharply.

Key Facts

Breaking down CAKK loss for 9M 2026

Cahayaputra Asa Keramik is a ceramic and building materials maker listed on the Indonesia Stock Exchange. In its unaudited third-quarter 2026 report, cost of revenue was Rp469.6 billion, lifting gross profit to Rp35.8 billion from only Rp4.1 billion a year earlier. Operating profit came to Rp10.6 billion.

Finance costs of Rp11.2 billion and other expenses left the company with a pre-tax loss of about Rp3.4 billion. Loss per share narrowed from Rp25.12 to Rp2.82, with shares outstanding unchanged at 1,203,300,219.

Balance sheet and cash flow

Total assets rose to Rp646 billion from Rp496.8 billion at the end of 2025, mainly because of receivables. Third-party receivables rose from Rp66.2 billion to Rp173.1 billion, and related-party receivables from Rp37.9 billion to Rp59.9 billion. Total liabilities climbed to Rp504 billion, including new trade payables to related parties of Rp97.9 billion. Equity dipped to Rp142 billion.

Operating cash flow fell to Rp6.4 billion even as sales jumped, which means part of the sales were still invoices that had not yet turned into cash. The company also spent Rp13.8 billion on fixed assets.

What it means for the tile market

CAKK's revenue growth comes while the national ceramic industry still faces gas supply issues, plant utilisation pressure and import competition. One company report is not enough to call the direction of shop prices, but it shows some local producers are able to grow sales volume.

For contractors and project owners, a few points still matter when buying tiles:

  • Batch consistency: order from one production code so colour and size match.
  • Stock and delivery timing: for large projects, confirm stock before floor work starts.
  • Grade and SNI documents: check the quality grade on the box and keep the supplier's SNI documents.
  • Payment terms: compare cash and credit prices, because a supplier's cost of capital affects its quote.

Note

The report is unaudited and will be confirmed in the 2026 annual report. For project tiles and granite, homeX offers a showroom, warehousing and delivery, and can help compare quotes across several brands.

CAKK loss: related articles and products

FAQ

How large was CAKK loss through September 2026? The loss attributable to owners was Rp3.39 billion, down 89% from Rp30.22 billion.

Why is CAKK still loss-making with positive operating profit? Finance costs of Rp11.2 billion and other expenses exceeded the Rp10.6 billion operating profit.

Is the report audited? No. The Q3 2026 report is unaudited.

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: The Signal, 28 Oct 2026 (IDX disclosure); CAKK Q3 2026 financial statements, IDX