Latinusa Targets Sales of US$160 Million in 2026

JAKARTA - PT Pelat Timah Nusantara Tbk (NIKL) or Latinusa is preparing a number of strategies to maintain financial performance throughout 2026 with a focus on efficiency and improving competitiveness. This step was taken amid industry challenges and exchange rate fluctuations that still affect the company's cost structure.

Latinusa President Director, Jetrinaldi, said the company would continue the approach that had been implemented in 2025, especially in cost control and risk management.

"We are optimizing costs from upstream to downstream, from the procurement of raw materials, production processes, to controlling financial burdens and exchange rate risks," he said in a Public Expose in Jakarta, Wednesday, April 10.

The strategy includes controlling interest expenses, operational efficiency, and the application of hedging to reduce the impact of exchange rate fluctuations. This is important considering that most of the company's raw materials are still dependent on imports.

With this move, the company targets sales of around US$160 million and net profit of US$3 million by 2026. Management is optimistic that the target can be achieved if the efficiency strategy goes according to plan.

To support operations, Latinusa allocated capital expenditure (capex) of US$ 2.1 million in 2026, slightly lower than the previous year's realization of US$ 2.3 million. The funds will be focused on maintaining the reliability of production facilities amid increasingly tight industry competition.

NIKL Finance Director, Irvan Muhson Jauhari, explained that the capex consisted of 1.8 million US dollars for main machines and equipment and 0.3 million US dollars for supporting equipment. This investment is aimed at ensuring that production quality remains in line with market needs.

According to Jetrinaldi, quality improvement is the key amid still limited domestic demand. The company assesses that products with high specifications will be more sought after by consumers, so maintaining the reliability of the factory is the main priority.

Meanwhile, at the Annual General Meeting of Shareholders (RUPST) held on April 8, 2026, shareholders approved the honorable dismissal of Kengo Mogi from his position as commissioner. The company expressed its appreciation for the contributions made during his tenure.

With this change, the composition of the Board of Commissioners and Directors of NIKL is now composed of:

President Commissioner: Koichiro Anzai Commissioner: Tetsu Nagareda Independent Commissioner: Riefky Yuswandi

As for the board of directors, the following:

President Director: Jetrinaldi Vice President Director and Chief Operating Officer: Akihiko Hirata Commercial Director: Herman Arifin Financial Director: Irvan Muhson Jauhari