Get Ready! Today PTBA Distributes IDR 3.83 Trillion Dividend

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JAKARTA - PT Bukit Asam Tbk (PTBA), a member of the MIND ID Mining Industry Holding BUMN, distributed cash dividends worth IDR 3.83 trillion or IDR 332.44 per share on Friday 11 July 2025.

The amount of dividend is equivalent to 75 percent of the net profit for the 2024 financial year, according to the decision of the Annual General Meeting of Shareholders (AGMS) on June 12, 2025. Dividend payments are made to shareholders listed on the Company's shareholder register on June 24, 2025.

PTBA's Corporate Secretary, Niko Chandra, said the dividend distribution was part of the Company's commitment to creating sustainable added value for shareholders.

This dividend distribution is also a form of appreciation for the maintained trust of shareholders. This step also reflects the resilience of PTBA's performance amidst the pressures of the global coal industry," said Niko, Friday, July 11.

Throughout 2024, coal prices experienced sharp corrections. The average price index of ICI-3 fell 12 percent to 74.19 US dollars per tonne from the previous 84.76 US dollars per ton in 2023. Meanwhile, Newcastle's coal price corrected 22 percent to 134.85 US dollars per tonne from 172.79 US dollars per ton in 2023.

Despite facing price pressure, PTBA posted revenue of IDR 42.76 trillion and net profit of IDR 5.10 trillion in 2024. Coal sales volume increased 16 percent (yoy) to 42.89 million tons, with export sales growing 30 percent to 20.26 million tons, and domestic sales rising 6 percent to 22.64 million tons. PTBA's market mix is also getting more balanced, with 53 percent domestic sales and 47 percent exports.

As of December 31, 2024, the Company's total assets were recorded at IDR 41.79 trillion, an increase of 8 percent compared to the previous year.

"We are grateful that the Company's performance in the 2024 financial year remains solid amid global market price challenges and fluctuations. This supports efforts to create better added value for the national mining industry," concluded Niko.