Adaro Andalan Indonesia Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

IDX:AADI Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
19 Mar 25	BuyRp24,999,029,960	Garibaldi Thohir	Individual		3,651,000	Rp6,899.96

Insider Trading Volume

Insider Buying: AADI insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AADI?
Owner Type	Number of Shares	Ownership Percentage
Institutions	23,197,889	0.298%
Individual Insiders	456,756,180	5.87%
Public Companies	1,197,023,942	15.4%
General Public	2,909,770,919	37.4%
Private Companies	3,200,142,830	41.1%

Dilution of Shares: AADI only recently listed within the past 12 months

Top Shareholders

Top 15 shareholders own 62.63% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
41.1%	PT Adaro Strategic Investments	3,200,142,830	Rp23.1t	0%	no data
15.4%	PT Alamtri Resources Indonesia Tbk	1,197,023,942	Rp8.6t	0%	no data
5.83%	Garibaldi Thohir	454,011,607	Rp3.3t	0.81%	no data
0.095%	Causeway Capital Management LLC	7,421,075	Rp53.6b	0%	0.01%
0.093%	American Century Investment Management Inc	7,245,011	Rp52.3b	0%	no data
0.05%	BlackRock, Inc.	3,896,200	Rp28.2b	6.76%	no data
0.032%	Julius Aslan	2,506,265	Rp18.1b	0%	no data
0.029%	Strategic Advisers LLC	2,262,699	Rp16.3b	4.69%	no data
0.012%	Manulife Asset Management	956,482	Rp6.9b	0%	no data
0.01%	Van Eck Associates Corporation	812,800	Rp5.9b	1.08%	no data
0.0068%	SEI Investments Management Corporation	530,075	Rp3.8b	-6.14%	no data
0.0027%	. Priyadi	207,108	Rp1.5b	0%	no data
0.00094%	Segall Bryant & Hamill, LLC	73,547	Rp528.8m	0%	no data
0.00029%	. Susanti	22,700	Rp163.2m	0%	no data
0.00011%	Primus Dorimulu	8,500	Rp61.9m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/01 17:02
End of Day Share Price	2025/05/28 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Adaro Andalan Indonesia Tbk is covered by 9 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jacquelin Hamdani	CGS International
Dony Setiady	Macquarie Research
Ahmad Usman	Nomura Securities Co. Ltd.