Down! PTBA Pockets IDR 833.05 Billion Net Profit

Illustration of Rupiah (Photo: Antara)

JAKARTA - PT Bukit Asam Tbk (PTBA) posted a net profit of IDR 833.05 billion. This figure has decreased significantly when compared to the profit for the same period the previous year which reached IDR 2.03 trillion.

PTBA's Corporate Secretary, Niko Chandra, said global coal price pressure was one of the main challenges in the first half of 2025. The ICI-3 price index recorded a 14 percent correction on an annual basis, from USD 75.89 to USD 65.15 per ton, while Newcastle's index fell 22 percent, from USD 130.66 to USD 102.51 per ton.

"Facing these conditions, PTBA implements adaptive marketing strategies, market diversification, and various customer portfolio management," he said, Friday, August 1.

The company posted an average selling price of 930.000 per tonne, down 4 percent from the same period the previous year.

On the other hand, operational costs also experienced pressure following the increase in fuel oil prices (BBM), which averaged Rp14,666 per liter, an increase of 7 percent compared to Rp13,682 per liter in the same period last year. The increase in fuel consumption is also in line with the increase in production volume and coal transport distance.

PTBA consistently strengthens operations. Even though global market conditions are quite challenging, the Company continues to record performance growth. In the future, the Company will continue to encourage cost efficiency, improve asset performance, and expand its sustainable business portfolio," he said.

Throughout January to June 2025, PTBA's coal production volume reached 21.73 million tons, an increase of 16 percent from 18.76 million tons in Semester I 2024. Sales volume also increased by 8 percent to 21.62 million tons from 20.05 million tons in the same period last year.

The sales composition consists of 54 percent for the domestic market and 46 percent for exports. Despite a decline in demand from major export markets such as China, PTBA has still managed to maintain sales performance by expanding export reach to countries such as Bangladesh, India, Vietnam, the Philippines and Thailand.

In line with the increase in production and sales, coal transportation volume also increased by 9 percent to 19.27 million tons from the previous 17.70 million tons. This increase is supported by the optimization of supply chains and efficiency in the logistics sector which continues to be strengthened.