Net Profit Outlook 2026 for HMSP as Tax Refund Opportunity Provides a Boost

Net Profit Outlook 2026 for HMSP as Tax Refund Opportunity Provides a Boost

HM Sampoerna (HMSP) is set for a strong profit rebound in 2026 due to tax refunds and stable excise rates, with analysts projecting a 31.49% growth.

(Bisnis.Com) 01/01/70 07:00 60621

Bisnis.com, JAKARTA — Cigarette maker PT HM Sampoerna Tbk. (HMSP) is expected to stage a strong comeback in 2026, with analysts projecting the company will once again post double-digit net profit growth.

A key tailwind is the disappearance of one-off tax charges next year, which had weighed on HMSP’s earnings. The company is also pursuing tax refund efforts tied to several assessments still under objection and appeal, offering additional upside to the bottom line.

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