JAKARTA - Commission VI of the House of Representatives supports Member of Holding MIND ID, PT Indonesia Asahan Aluminum (INALM), to carry out its strategic plans to be able to have a greater impact and contribution to the country.
Member of Commission VI of the House of Representatives, Rivqy Abdul Halim, said that INALUM has a fairly mature business development roadmap because the realization of the company's performance in 2024 has also been achieved very well, which proves that the execution of the planning is going very well.
"We appreciate INALUM, the roadmap is clear, the timeline is clear, and is led by young leaders. We hope to transmit it to other companies and hopefully their programs can be achieved and become better companies," he said in his statement, Friday, March 14.
Meanwhile, Member of Commission VI of the DPR Abdul Hakim Bafagih conveyed that the achievement of INALUM's financial performance had been achieved as planned.
In addition, he also supports INALUM to be able to take the floor on the capital market in order to be able to expand even stronger operations.
"Hopefully it can be an example for other holding members, small but healthy and smooth for the 2026 IPO plan. We hope to explain the long-term program so that the funds that will be collected *from the capital market are used optimally," he said.
President Director of INALUM Ilhamsyah Mahendra explained that production realization during 2024 reached 274,230 tons of aluminum, grew 27.6 percent on an annual basis (YoY) and sales were recorded at 276,381 tons, grew 25.6 percent (YoY).
Thus, INALUM revenue in 2024 reached 715.99 million US dollars, up 9 percent (YoY), with EBITDA reaching 183.9 million US dollars, growing 213 percent (YoY), and net profit reaching 173.29 million US dollars, up 99 percent (YoY).
In addition, Ilhamsyah said that the company is also consistent in maintaining financial indicators in a safe range so that it is able to support sustainable operational performance during 2024.
Ilhamsyah said that in the future the company will consistently increase production capacity in order to be able to answer the mandate from the government so that INALUM can increase domestic market control or self-sufficiency in aluminum, with a large demand of up to 1.2 million tons per year.
Meanwhile, Ilhamsyah conveyed that INALUM is currently working to increase the production capacity of the smelter grade alumina refinery (SGAR), whose current alumina production capacity is 1 million tons to 2 million tons.
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Ilhamsyah added that the company is also planning to increase its aluminum capacity by 600,000 tons.
"Indeed, we will continue to pursue and become our concentration going forward. With our revenue of around Rp. 10 trillion per year at this time, it can increase to Rp. 44.9 trillion, meaning it will increase 4 times," he said.
Similarly, the Director of Portfolio and Business Development MIND ID, Dilo Seno Widagdo said that INALUM was encouraged to be the driving force in the integration of downstream and downstream bauxite downstream.
Dilo said that INALUM will continue to strengthen its production capacity so that Indonesia will be able to get aluminum supplies from domestic minerals.
According to him, this will certainly strengthen the company's performance as well as help the government in saving foreign exchange because it has succeeded in suppressing imports of raw materials.
"We believe INALUM has enormous potential, and we will continue to encourage INALUM to be able to carry out and complete its strategic initiatives," he said.
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