PTBA's Net Profit Drops To IDR 1.6 Trillion In The Third Quarter Of 2025

Coal (Photo: Antara)

JAKARTA - PT Bukit Asam Tbk (PTBA) recorded a decrease in net profit in the third quarter of 2025 from the previous Rp3.91 trillion to Rp1.60 trillion. Meanwhile, the company's EBITDA was recorded at Rp3.6 trillion with an EBITDA margin at 11 percent.

"Amid the pressure on global coal prices which is still decreasing, PTBA maintains solid operational performance," said PTBA President Director Aarsal Ismail, quoted Friday, October 31.

On the other hand, PTBA's cost of revenue rose 11 percent to Rp27.76 trillion. This is in line with the increase in operational activity and increase in fuel prices due to the decrease in the application of B40 biodiesel suppressing profit margins.

"The obligation to use B40 also has an impact on increasing fuel costs used by companies for both fuel and rail transportation," he explained.

In terms of production, PTBA posted a production volume of 35.89 million tons, an increase of 9 percent compared to 32.97 million tons in the same period the previous year.

Meanwhile, PTBA's sales volume was also recorded to have increased by 8 percent to 33.7 million tons, with domestic sales growing 11 percent and exports increasing by 4 percent.

"The increase in operational volume has helped encourage an increase in capital expenditures to support logistics projects and production sustainability," explained Arsal.

Meanwhile, PTBA's total assets reached IDR 42.83 trillion, an increase of 3 percent compared to the end of 2024. Total liabilities increased 15 percent to IDR 22.06 trillion, while equity decreased 8 percent to IDR 20.77 trillion.