Profit Of PT Timah Drops 31 Percent In Semester I-2025

Tin (Photo: dock. Antara)

JAKARTA - PT Timah Tbk recorded a decrease in profit in the first semester of 2025 to Rp300.06 billion. This figure has decreased by 30.93 percent when compared to the profit achievement in the first semester of its sebum year which was recorded at Rp434.46 billion.

The decrease in net profit is in line with the decline in PT Timah Tbk's revenue from the previous Rp5.21 trillion to Rp4.21 trillion in the first half of 2025.

"We convey that revenue was achieved at IDR 4.2 trillion, a decrease compared to last year's 19 percent. The profit/loss in the first semester of 2025 was achieved at IDR 300 billion, indeed lower than last year which was achieved at IDR 434 billion for net profit," said Director of Operations and Production of PT Timah. Tbk Nur Adi Kuncoro in a hearing with Commission VI of the Indonesian House of Representatives, Monday, September 22.

He explained that PT Timah's Interest Bearing Debt (IBD) was also at IDR 1.38 trillion in the first semester of 2025 or decreased by 27 percent from the same period the previous year which was in the range of IDR 3.03 trillion.

"This is already better, of course, than last year. So, we are trying to pay off our debts so that they do not become a burden of operation or in financial activities," he explained.

On the other hand, PT Timah also recorded a decrease in tin ore production from 10,250 tons of tin to only 6,997 tons of tin from January to June this year or a decrease of 32 percent.

"The cause is a significant number of production equipment, especially the production Isap Ship (KIP)," he continued.

Meanwhile, based on the Company's Work Plan and Budget (RKAP), it is known that the ore production target in 2025 is 21,500. Meanwhile, tin ore production in 2024 was recorded at 19,437 tons.

Nur Adi Kuncoro explained, another reason for the decline in ore production was due to the intensity of the weather in 2025 which is more rainy season than in 2024.

"And also some locations we have not been able to enter, such as the Olivier Block in the Belitung Sea, the Batu Beriga Sea in Central Bangka and the Rias Sea in South Bangka," he explained.

He added that the decline in tin ore production also affected the decline in tin metal production in the first semester of 2025. tin metal production in the first 6 months of 2025 was recorded at 6,870 tons compared to the first semester of 2024 which was recorded at 9,675 or decreased by 29 percent yoy. Meanwhile, RKAP in 2025 was recorded at 21,545 tons.

In terms of metal sales, PT tin recorded that it had sold 5,983 tons of tin metal or decreased by 28 percent yoy compared to the first semester of 2024 which sold 8,299 metric tons. Just so you know, the RKAP for tin sales in 202 was set at 19,065 metric tons.

Although the team's production and sales have decreased, TINS recorded an average increase in selling prices to US$32,816 per metric ton. This figure has increased by 8 percent yoy from the first semester of 2024 which was recorded at US$30,397 per ton.